Health Insurance  Types of Underwriting

When taking out a health insurance policy you will need to know what would be the best type of underwriting for your personal circumstance.

You have a few choices, however these are specific to your personal circumstances and you should always discuss this with your broker or a health insurance specialist before you apply for a new health insurance plan.

So lets take a look at the options.

You are taking out health insurance for the first time or your are not currently covered by another insurance plan:

1.  Moratorium Underwriting

In this case there is no need for a medical questionnaire. Instead, the policy has automatic temporary exclusions. These are generally pre-existing conditions: any condition where you have asked for medical advice, had symptoms of, or been treated for, including medication, within the last five years before your policy was taken out.

If you take out a health policy on a moratorium basis and you have two ‘clear years’ for a medical condition: you have not asked for advice, had symptoms of, or have been treated for that health problem; then you will be eligible for cover for that condition subject to policy terms and conditions.

 

Key points:

No medical questionnaire required.

Automatic and instant acceptance.

Does not cover pre-exisiting conditions.

Automatic exclusions.

2. Full Medical Underwriting

The insurer will ask you complete the health questionnaire on your application form. After reviewing your completed questionnaire they will let you know at the outset the basis on which they can offer you cover, listing any pre-existing conditions you may have would not be covered by your policy. If necessary they may ask your doctor for further information.

 

It is important that you list full and accurate information. It's best to tell the insurer everything about your medical history at the start - no matter how minor it may seem, to make sure that your policy provides valid cover. 

If you currently have health insurance in place, you may wish to continue your cover without having to start again.  You will be continuing your cover based on the original underwriting you had and each insurer may have different eligibility criteria.

3. CPME - Continued Personal Medical Exclusions or otherwise known as (Switch) plans include continuous cover for pre-existing conditions and are as shown on your current insurer’s medical certificate.  Exclusions shown on the current certificate will be continued.  The information attachments supplied with this quotation are generalised and designed only to be of help, and are subject to Insurer’s terms and conditions.  As client(s) had Personal Medical Insurance for minimum period years he/she will be covered on CPME (Switch) terms, and you have made it clear of what claims have been made in the last 5 years. 

 

If the applicant(s) proceed the policy should satisfy the demands and needs.  A copy of the current certificate(s) will be required with the application. *The above is subject to underwriting and acceptance and confirmation by the Insurer

3. Continued Moratorium- otherwise known as (Switch) plans include continuous cover for pre-existing conditions and are as shown on your current insurer’s medical certificate.  Exclusions shown on the current certificate will be continued.  The information attachments supplied with this quotation are generalised and designed only to be of help, and are subject to Insurer’s terms and conditions.  As client(s) had Personal Medical Insurance for minimum period years he/she will be covered on continued moratorium terms, and you have made it clear of what claims have been made in the last 5 years. 

 

If you proceed the policy should satisfy your demands and needs.  A copy of the current certificate(s) will be required with the application. *The above is subject to underwriting acceptance and confirmation by the Insurer

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©2020 PROACTIVE MEDICAL & LIFE LTD REGISTRATION NUMBER: 06483379 IS AN APPOINTED REPRESENTATIVE OF HEALTHNET SERVICES LIMITED, WHO ARE AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. HEALTHNET SERVICES LIMITED ENTERED ON THE FCA REGISTER NO 312313