Pre-existing Conditions and Long-Term Care Insurance

You can obtain long-term care insurance if you have a pre-existing condition, but you may need to shop around for an underwriter, says The Insurance Outfit. What situations make it tougher to obtain coverage?

Typically, if you have an issue with any of the six essential activities of daily living, you will find it tough to obtain LTC insurance. The six activities include:

  • Bathing
  • Continence
  • Dressing
  • Eating
  • Toileting
  • Transferring

LTC coverage pays for in-home care in Chester, NJ to assist with these items and most insurance companies do not want to extend coverage for items with which you already need help. If you use a walker, have a diagnosis of Alzheimer’s, Parkinson’s, or certain cancers. You could also get declined if you participate in two lifestyle choices that combined increase your chance of developing a chronic condition. For example, a smoker who also overeats and has a weight problem who has diabetes would probably receive a declination for coverage. Simply having a diagnosis of diabetes does not mean getting declined. The individual’s lifestyle and disease management contribute to their acceptance or declination.

You should meet with your insurance agent to discuss your situation. They can determine which underwriter would most likely insure you. You should start with the most likely company since other companies will often refuse you once one company declines you.

A pre-existing condition can affect your premiums. A diabetic may pay a more expensive premium than an individual with no diseases. The insurance company’s underwriter calculates each potential premium based upon risk. A healthy person presents less risk than an individual who already has a diagnosis of a chronic condition.

Contact The Insurance Outfit serving Chester, NJ to learn more about long-term care insurance. Let us help you obtain the coverage you need.