Know about the factors that are to be considered while opting health insurance for Pre-Existing
Pre-existing diseases are the ailments that you are already suffering from at the time of buying a health insurance policy. A pre-existing illness in a health insurance plan is a disease that is diagnosed by a physician within 48 months prior to the effective date of the health insurance policy. The pre-existing disease includes a range of severe ailments such as diabetes, asthma, high blood pressure, etc. For instance, if you are diagnosed with diabetes, and you buy a health insurance plan after a year-in this case diabetes is a pre-existing disease.
You must be thinking if it is important to disclose your pre-existing condition before buying health insurance. Well, it is always suggested to inform about your pre-existing disease. Make sure to go through your medical history to ensure that you have included all diseases and treatments that you would need to cover. If you do not disclose your pre-existing condition at the time of buying health insurance, the team will find it out later. Hence, it is advisable to wait for some time and get your pre-existing disease covered rather not to disclose it.
What is Waiting Period in Health Insurance?
Every health insurance policy has an initial waiting period that is mostly for 30 days in which no claims are covered. The waiting period comes into effect when health insurance policy begins.
Most health insurance policies include pre-existing conditions in which there are two years waiting period. The health insurance policy will not cover your ailment during this period.
A health insurance policy offers financial aid in case of an unfortunate event. In the case of pre-existing disease, chances of claim increases. Hence, in some plans, pre-existing disease might not be covered.
Mentioned below are certain things that you should know before buying health insurance for pre-existing disease:
- Each health insurance policy is different from each other: This is one of the crucial things that you should know before buying a health insurance policy. The same rule applies to terms and conditions in the context of pre-existing disease. Be sure to check the waiting period and list of pre-existing disease that is included in the health insurance cover.
- Not every ailment is a pre-existing disease: Not all illnesses are considered as a pre-existing disease. In most cases, ailments that have a long-term effect on an individual’s health are considered as pre-existing ailments. Minor health issues such as cough, cold, and fever do not decide an individual’s health.
- Never hide your medical condition: It is not a good thing to hide about your medical condition that may affect your chances of getting a health insurance policy. This may reject your health insurance claim if any pre-existing condition found later.
For people suffering from pre-existing disease, buying a health insurance policy is a difficult task. Therefore, always remember to inform you about your present medical condition before purchasing a health insurance policy. You should also make sure to read the policy wordings and know how long the waiting period is.
Care Health Insurance (Formerly Religare Health Insurance) offers various comprehensive health insurance plans like Care, Care Heart, Care Freedom, etc. that offer coverage for numerous pre-existing diseases. If you are planning to opt for a health insurance policy, then make sure to read the brochure and know which type of ailments are considered as pre-existing diseases to avoid any complication at the time of raising the claim.