nce companies underwrite a nDo individual health insuraew policy every year?

Do health insurance companies underwrite a new policy every year?

If so, if you get a disease or something, it will only be covered until the end of the year and be considered a pre-existing for next year when the insurance company underwrites a new policy. Is this correct? Or does the policy remain in effect for multiple years?

Thanks.

3 Answers

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  • 1 decade ago
    Best Answer

    No, they underwrite you every time you apply for new coverage.

    If you never try to get a different policy, and just keep the same one, they don't re-underwrite you. It's not at ALL like car insurance.

    As soon as you're diagnosed with it, or have the first symptoms, it's now a preexisting condition. It doesn't "expire" at the end of the year. The policy will remain in effect forever, as long as you keep paying the monthly premiums, and the insurance company doesn't go out of business.

  • Donna
    Lv 4
    4 years ago

    Prove it. How do you calculate their death is due to insurance, by assuming that everyone who dies would have been saved if they had it? If that were how it worked, those of us with insurance would be immortal. People can get care in emergency rooms (which use doesn't go down under Obamacare, check the experience with Massachusetts' plan) under medicaid, the problem with which is that no one wants to accept it, the children's health care bill covering kids whose parents make up to $80,000, and medicare, which Obamacare would cut by 500 billion and reduce to a 'cost effective' standard for care, but insists soulfully that services won't be cut, even though the CBO says other cost savings only account for 1 billion. How many would die and have lesser quality of life because treatment was rationed as it is in the UK? The proponants dismiss concerns with marginalization, laughing at 'death squads' and the idea of 'pulling the plug on grand ma', but when Senators in committee try to put in a provision prohibiting rationing care, dems vote it down. The government at minimum needs to be very straight about how this will work, and, if acceptable, needs to put protections in to enforce that that is how it would work, rather than the way other countries address this issue (rationing care.) And it isn't just the elderly. Wouldn't it be ironic, not to mention unacceptable, if after spending so much to revolutionize AIDS care in Africa, those quality of life drugs were too expensive for our own people? This hits everyone who may actually need expensive care. This is a bad plan.

  • WRG
    Lv 7
    1 decade ago

    No that is not the case.

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