What is Pre-Existing Condition?
What are Pre-Existing Conditions? A Pre-existing Condition is any illness or ailment that you’ve been diagnosed with and treated for over a specific period of time. Any claims or consultations for this condition is usually not covered by the insurance company. It’s a necessary protection for the insurance company, and a way to keep premiums down.
One common misconception is that anything that is diagnosed, even if it’s a day after taking out the policy, will automatically be covered by the insurer. This is not so. Depending on the insurance company, they usually set a time frame of 3 to 6 months from the time you signed the contract to the time you are diagnosed with that disease. This usually applies to illnesses that are proven to be genetically inherited, like asthma, or illness that will prove to have been already present, but the symptoms are masked, like cancer.