I guess it's not possible for someone who's HIV-positive to qualify for life insurance. Is there any insurer who'd provide such patients with health insurance?
Total Comments: 6
Posted: Wed May 26, 2010 04:37 pm Post Subject:
Depends on the state you are in and what kind of coverage you are talking about.
Group coverage yes.
Individually underwritten coverage in most states would be a negative.
Some states don't allow for pre existing conditions and all products must be guaranteed issue. This makes them much pricier than in states where this is not a requirement.
You're state might also have a state supported health insurance system.
Posted: Thu May 27, 2010 06:40 am Post Subject:
Some states don't allow for pre existing conditions and all products must be guaranteed issue.
I understand that some states don't allow pre-existing conditions.
Would you kindly explain this "guaranteed issue" thing?
Posted: Thu May 27, 2010 03:25 pm Post Subject:
Guaranteed issue would mean not only can the insurance company not exclude a pre-existing condition, but anyone who applies must be accepted for health insurance. This is much rarer, but some states do it. As mentioned, it drives out a lot of insurance companies and makes for much higher premiums.
Is group insurance entirely out of the question?
Posted: Fri May 28, 2010 06:38 am Post Subject:
Hi BNTRS, thanks for the explanation. I don't think these states are doing any good to our consumers. They're forcing our companies to increase premiums by adding more to their risks. In return, the average health insurance consumer has to share this cost burden.
Posted: Sat May 29, 2010 11:58 pm Post Subject:
It's possible for someone HIV+ to qualify for life insurance.
Posted: Wed Jun 02, 2010 07:59 am Post Subject:
It's possible for someone HIV+ to qualify for life insurance.
Yes, for $10,000 to maybe as much as $50,000. But I've never heard of any offering more than that. These policies are known as "jet issue" and often place a lien (up to 50%) on the death benefit if paid in the first two years.
And guess what? People don't usually get "standard" rates/ratings.
Posted: Wed May 26, 2010 04:37 pm Post Subject:
Depends on the state you are in and what kind of coverage you are talking about.
Group coverage yes.
Individually underwritten coverage in most states would be a negative.
Some states don't allow for pre existing conditions and all products must be guaranteed issue. This makes them much pricier than in states where this is not a requirement.
You're state might also have a state supported health insurance system.
Posted: Thu May 27, 2010 06:40 am Post Subject:
Some states don't allow for pre existing conditions and all products must be guaranteed issue.
I understand that some states don't allow pre-existing conditions.
Would you kindly explain this "guaranteed issue" thing?
Posted: Thu May 27, 2010 03:25 pm Post Subject:
Guaranteed issue would mean not only can the insurance company not exclude a pre-existing condition, but anyone who applies must be accepted for health insurance. This is much rarer, but some states do it. As mentioned, it drives out a lot of insurance companies and makes for much higher premiums.
Is group insurance entirely out of the question?
Posted: Fri May 28, 2010 06:38 am Post Subject:
Hi BNTRS, thanks for the explanation. I don't think these states are doing any good to our consumers. They're forcing our companies to increase premiums by adding more to their risks. In return, the average health insurance consumer has to share this cost burden.
Posted: Sat May 29, 2010 11:58 pm Post Subject:
It's possible for someone HIV+ to qualify for life insurance.
Posted: Wed Jun 02, 2010 07:59 am Post Subject:
It's possible for someone HIV+ to qualify for life insurance.
Yes, for $10,000 to maybe as much as $50,000. But I've never heard of any offering more than that. These policies are known as "jet issue" and often place a lien (up to 50%) on the death benefit if paid in the first two years.
And guess what? People don't usually get "standard" rates/ratings.
Add your comment