As adults, as we reach mid-age and progress thoroughness. It will come to life, it is important to buy health insurance plan in order to secure likely expenses during medical emergencies financially. A common question that is often asked with regard to health insurance, then, is whether it is possible for pre-existing ailments to be covered in the insurance that one plans to avail of now. This is something that needs to be answered before they buy health insurance plans.
To know more about what are the different insurance policies that apply regarding Pre-existing ailments and understand how we at Chola MS Health Insurance approach this, please read further.
What are Pre-Existing Ailments?
To begin with, it is essential to have an understanding of what pre-existing ailments are. These are health ailments that an insurance applicant or a policyholder already has as they are on the verge of buying a health insurance plan. Usually, these diseases tend to be heart attack, diabetes, and any other heart-related conditions.
Claiming Expenses for Pre-Existing Ailments with Chola MS Health Insurance?
The policy and rules related to claiming expenses for pre-existing ailments differ from one insurance provider to another. One needs to do research to understand what suits their needs best. At Chola MS health insurance, it is possible to cover pre-existing ailments but with the conditions given below:
Waiting Period:
The general rule given by health insurance plans and Chola MS health insurance plans is that of a waiting period. If an individual has any pre-existing ailment, they will have to wait for a period of 1-4 years before they can claim expenses for those. This way, it is possible to ensure that people do not want to buy a health insurance plan only when there is an existing health condition.
Continuous Renewal:
If you are someone with pre-existing ailments, then you need to make sure that the renewal of Chola MS Health Insurance is done on a regular basis without any breaks. This way with an active policy, you will be able to enjoy the perks.
Disclosure of Pre-Existing Conditions:
Disclosure of pre-existing conditions is crucial to availing the benefit of the same when you buy a health insurance plan. If one does not come upfront about it, it might lead to claim rejection. During the application process, it is essential that you provide details about pre-existing conditions.
Coverage Limits:
Even after the waiting period, there may be limits on the coverage for pre-existing ailments. The extent of coverage can vary based on the specific policy and plan you choose. It’s essential to carefully review the policy terms and conditions to understand these limits.
Premium Costs:
While it is possible to account for pre-existing conditions while applying for a health insurance plan, one should keep in mind that the premium for it will be expensive
In conclusion, just as mentioned in this blog, follow the steps to buy a health insurance plan when you have pre-existing health conditions. It’s essential to understand all of these rules clearly and then make a self-assessment on whether one can and wants to go ahead with claiming benefits during pre-existing health ailments.
