One cannot stress enough about the importance of having health insurance. It is much needed to tackle the various diseases that may develop or progress as you grow older. With health insurance, you get a sense of security and don’t have to worry about shelling out lakhs from your pocket when it comes to the treatment.
The rising cost of healthcare has brought in many worries about medical expenses. Having health insurance means that you can keep these worries at bay and focus on the other essential things in your life, like self-development, work, and family.
However, when you have a pre-existing health condition, it can be quite challenging to acquire comprehensive health insurance.
Let us look at what these pre-existing conditions are and how they affect your health insurance plans.
What are pre-existing conditions?
Pre-existing health conditions are defined as the health problems you face before opting for health insurance. It includes each issue that might affect your health — something which might even have the possibility to get worse in the long run. It can be asthma, high blood pressure, or even acne — basically anything which may require medical attention.
Pre-existing conditions and health insurances
Insurance providers are not too fond of pre-existing health conditions. If you are someone who might suffer from a disease and want to buy health insurance, insurance companies might be reluctant in providing you with coverage. The reason is simple: your chances of getting admitted to a hospital might increase significantly and further increase the costs of insurance companies. It is a sort of financial risk that these companies are quite unwilling to take.
Getting health insurance when you have a pre-existing condition
When you have a pre-existing health condition, it might not entirely mean that you are completely ineligible to buy health insurance plans.
Different companies in the insurance market have different sets of policies. For example, some companies that are out there will consider your entire medical history before they make an offer. On the other hand, some will only look at your medical record for the last four years or so.
Besides, an insurance company might only look at diseases that tend to have a long-term effect on you and then plan the insurance policy premiums accordingly. Short-term problems that have negligible health effects might not prove to be a hindrance between you and health policy.
One thing that you must note is that you should never hide a medical condition while applying for insurance as it may lead to problems when you file a claim. Make sure that you go through a medical checkup before you buy a health insurance plan to determine your present health condition. Doing this will make sure that you do not land into any trouble later.
When you have a pre existing disease, then you have to go through a waiting period for health insurance. While you are in this waiting period, the claims that you make for these diseases will be rejected. However, for other conditions, you are free to file a claim. Then, there are some policies that have support for pre-existing diseases. The premiums for these insurance plans, however, might be higher.
The waiting period usually varies with insurers. Generally, it is two years for some diseases; for others, it might be four. Once you have successfully passed the waiting period, you will get access to these pre-existing health conditions — one less thing to worry about!
If you are looking for a health plan which has good support for pre-existing diseases, Bajaj Allianz health insurance, available on Finserv MARKETS, can be a good option for you. It has tailor-made insurance plans that are designed to fulfill your health needs.
With Bajaj Allianz health insurance, you get cashless hospitalization to a vast network of hospitals across India. With accessibility to hospitals near you, you do not have to travel anywhere to get yourself treated.
With a high claim settlement rate, you get swift and assured settlement to the claims that you file for your health insurance. Besides, when you purchase health insurance on Finserv MARKETS, you also get access to comprehensive health care packages at affordable premium rates.