Rule 3 — Always tell the Truth on a Health Insurance Application
Telling the truth is generally always a good idea, but especially so in a health insurance application.
When you buy health insurance, you are entering into a contract. The essence of the contract is that you pay daily amounts (called premiums) in exchange for your insurer agreeing to pay for certain (and hopefully most) of your medical expenses.
But there is a catch — if you lie or misrepresent your health status, your insurer may retroactively cancel your coverage. This is truly a terrible situation to be in because you could be denied valuable coverage at the time your greatest need.
Don't let this happen to you. If you have a situation, discuss it confidentially with your health insurance counselor first.
Chini Krishnan
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Posted on Monday, May 25th, 2009 at 10:31 pm. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below. Your comments will appear immediately, but the author reserves the right to delete innapropriate comments.
Sunday, July 25th, 2010 at 11:44 am
This should be basic information for most people, but a very good point. Don’t lie — you can only end up hurting yourself.