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"a Preexisting Condition" Means Disease Got Before Insuring? Is "limit" A Limit On Life?

Term Life Insurance & Whole Life Insurance Discussion

"a Preexisting Condition" Means Disease Got Before Insuring? Is "limit" A Limit On Life?

Postby Mudasir » Sat Sep 16, 2017 7:23 pm

If they had a preexisting condition, they might not be able to get coverage at all. If they did have coverage, insurance companies might impose an arbitrary limit. And so, as a consequence, they?re paying their premiums; somebody gets really sick, lo and behold, they don?t have enough money to pay the bills because the insurance companies say that they?ve hit the limit.
Mudasir
 
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"a Preexisting Condition" Means Disease Got Before Insuring? Is "limit" A Limit On Life?

Postby macailean » Wed Oct 04, 2017 1:21 pm

Yes a pre-existing condition is a chronic disease the patient had before they had insurence coverage. A limit is a limit on the amount of money the insurence company will give you to pay for treatment and care related to that condition.
macailean
 
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"a Preexisting Condition" Means Disease Got Before Insuring? Is "limit" A Limit On Life?

Postby Chazaiah » Wed Oct 04, 2017 10:36 pm

Artefact of the US system of private healthcare, treating the human body like a car.

If you insure a car, you can't claim for preexisting collision damage that happened before you bought the insurance, and if there's too much damage, the insurer says the damage is more expensive than some limit ( the book value of the car), so here's $2000, go buy another used car, we keep the wreck. Which is called writing it off.
Chazaiah
 
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