What Is Guaranteed Issue Health Insurance?
If you’re one of the millions of Americans suffering from clinical depression, diabetes, cancer, heart disease, etc chances are you’ve applied for health insurance and found out first hand that you can be turned down for health insurance. Better yet, you may be given health insurance, but there’s a waiver in your policy to make sure the insurance company doesn’t have to cover any care caused by your condition. It’s a less than dignifying experience that you should never have to go through again and luckily for you–you won’t have to if you choose a guaranteed issue health insurance policy.
Guaranteed issue health insurance policies (also known as Mini-meds) are insurance protection products designed to provide a certain level of risk transference for people with preexisting conditions. These health benefit plans provide a few key benefits that make them an attractive option when there are no other options:
- Guaranteed Health Coverage, even with a preexisting condition
- Flexible and affordable PPC healthcare plans
- Reasonable monthly premiums instead of high annual deductibles
- Plans offered by top-rated insurance carriers (A- through A+)
Is Anyone Ever Denied For Guaranteed Issue Health Insurance?
Guaranteed issue health insurance is specifically designed for people who are normally turned down for traditional health insurance as such there are rarely any people turned down for coverage.
Is Guaranteed Issue Health Insurance More Costly Than Traditional Health Insurance?
Like most health insurance products there are multiple price brackets, some carriers offer deductible programs while others have a copay so it does vary. While there are instances in which it may cost more there are also instances in which it may be cheaper.
What Are Some Other Options Instead of Guaranteed Issue Health Insurance?
Chances are that if you have a preexisting condition that has caused you to be turned down for traditional major medical health insurance there aren’t any other options, while guaranteed issue health insurance may be considered a product of last resort it’s more than adequate. Sometimes the last pie left on the windowsill is the one that’s just right.
