Does Visitors Insurance Cover Pre-Existing Conditions?
Unfortunately for travelers, visitors insurance with pre-existing conditions coverage does not exist. There are plans that cover acute onset of pre-existing medical conditions, but not all pre-existing conditions are guaranteed to be covered under these plans. We have an article for a better understanding of what pre-existing conditions are.
In the travel medical insurance, pre-existing conditions refer to any medical condition that existed before purchasing a travel medical insurance policy.
Why Doesn't Visitors Insurance Cover Pre-Existing Conditions?
In short, visitors insurance companies would go out of business if they provided pre-existing medical condition coverage. Insurance companies stay in business only if the total number of premiums received exceeds the total amount of claims processed. Pre-existing conditions have a higher probability of larger claims, so the total amount of claims may exceed the total premiums received if visitor insurance companies were to cover pre-existing conditions.
What Is a Pre-Existing Condition in the Eyes of Insurance Companies?
If you file a claim, the insurance company will verify that you were medically stable during the look back period. The look back period refers to the period that the insurance company examines for pre existing conditions. If you were not medically stable – or, free of new medical conditions or prescription changes – during the look back period, then your claim could be denied for reasons relating to a pre-existing condition.
Pre-Existing Conditions Waiver
Some insurance policies offer a pre existing conditions waiver if the policy is purchased within a certain period of time. The pre-existing conditions waiver qualifies you to receive insurance benefits if an incident related to your pre-existing condition occurs.
Examples of Pre-Existing Conditions
The following medical conditions are considered pre-existing conditions and are not covered under visitors insurance policies without a pre existing coverage waiver.
- High Blood Pressure
- Heart Problems
If you do have a pre-existing medical condition, consider purchasing a pre existing coverage waiver or select a visitors insurance plan with acute onset of pre-existing conditions coverage.
Never assume that travel medical insurance will cover any incident. If you were not considered medically stable during the look back period and try to file a claim for an incident related to a pre-existing medical condition, your claim may be denied. Pre-existing conditions are one of the top reasons for denied claims.