What is the benefit of a guaranteed issue health care plan compared to the others?

The key benefit of Guaranteed Issue extended heath care plans will cover any pre-existing medical conditions you may have - so long as you apply within 60-90 days of your employee group benefits terminating.

This is beneficial for those who have health history that may result in exclusions, or even potentially being declined for coverage if applying for a Medically Underwritten plan.

The 'caveat' to a Guaranteed Issue plan, is that the insurer tends to assume that anyone applying for this type of plan has some health history, and for that reason will design the plans (for both profitability and sustainability reasons) to offer lower amounts of coverage at a higher relative cost compared to Medically Underwritten plans.

Still have questions?

Please contact our office and we'll be happy to address any questions you may have.