Whether you wish to take out group medical insurance before a big holiday or to take better care of yourself and your family if the worst happens, there are many reasons to invest in medical insurance. However, it is a common misconception that if you apply for health insurance, your application will be approved. Health insurance applications are rejected quite often. To help you understand the reasons behind this, our health insurance experts at Compare Insurance have compiled this short guide.
What is the main reason for a rejected application?
The main, overarching reason for a rejected health insurance application is if the provider you are applying to thinks that you are too high risk. This means that it would cost the insurance company more to pay out for your needs than it would get from you in the long run. However, some companies will not just flat out reject you and may offer you outrageously high premiums that would just be impossible to pay.
Which medical conditions make you ‘high risk’ to a health insurance provider?
When applying for health insurance, it is beneficial to give a list of conditions that make you appear high risk to a provider a quick scan.
If you are obese or struggle with being overweight, this may be a reason why your health insurance claim has been rejected. This is as it is associated with a whole host of other health complaints. This includes – but is not limited to – Type 2 Diabetes, high cholesterol, high lipids or high triglycerides.
A history of cancer:
If your medical records show evidence of a history of cancer, this may mean that your health insurance application will be rejected. This is because of the added risk that cancer may come back in the future.
HIV and AIDS:
If you have been diagnosed with HIV or AIDS, this may make it difficult to receive health insurance as they are incurable conditions.
For more information on the factors that may mean that your medical insurance application will be/has been denied, contact our experts at Compare Insurance to find the right medical plans for you today.