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Medically Underwritten

When insurance providers are determining what type of plan they can offer a client, there are multiple things they take into account. One of the biggest factors in determining qualification is health history.

What does health history impact?

Companies may tailor a plan or raise the premiums if an individual has a complicated health history or is anticipating major changes in the future. If the individual is assessed and determined to have a complicated medical situation or present more risks, then the price of their plan will most likely be increased.

What specifics matter?

The technicalities of medical underwriting can vary and there are regulations that have been put in place in some areas. There are many things which can impact the price of your policy, all of which will most likely be assessed when you apply for an insurance plan. Diabetes, cancer and weight differences can all be taken into account, as well as many other things.

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Why does underwriting happen?

Medical underwriting exists so that insurance companies are aware of the statuses of the individuals they’re ensuring. It makes sure that everyone is aware of potential risks and fully acknowledges what the policy will include.

If you’re going to be enrolling in an insurance plan, it’s important that you’re able to describe your medical history in detail. Certain plans may have steps that are required for enrollment, so it’s important to check those before beginning your application. If you have questions about what plans are available or are wondering which you qualify for, make an appointment to speak with one of our professionals.