I, like many others, have had issues in the past getting health insurance due to pre-existing conditions or other reasons and it was very frustrating. However, all of the headaches and searching caused me learn about alternative insurance packages called guaranteed issue health insurance. This type of insurance if perfect for people who dont qualify for major medical coverage as it is not based on medical conditions and virtually everyone qualifies.
While not as comprehensive and standard health insurance plan, most of the guaranteed issue plans cover the basics like prescriptions, emergency room visits, doctor visits, etc. However, many do have a limit to how much coverage they will pay for over the lifetime of the plan.
So who can benefit most from the guaranteed issue health plan?Any individual that cannot afford or obtain a major medical policy.This includes individuals that are considered “uninsurable” by the general market because they have cancer, diabetes, rheumatoid arthritis, a heart condition or severe depression or who have had these conditions excluded from their existing medical policy.A guaranteed issue health plan can bridge the gaps created either by one’s health or by one’s finances without creating a financial nightmare.