Recently as I was doing some internet research on affordable health insurance plans, I came across a health insurance term that had never heard of…guaranteed issue health insurance. Now I dont claim to be a health insurance expert…far from it, but surely I would have heard of that before. Well in some circles it is referred to as a Mini Med health plan (as opposed to a major medical plan which is what most people have) or as a guaranteed acceptance health plan. The bottom line is this a health insurance plan for people who either have pre-existing conditions that prevents them from getting a major medical plan or for people who just do not have access to a reasonably priced major medical plan…like people in between jobs or something.
Like the name suggests, guaranteed issue health insurance is truly guaranteed. There are no medical questions answered and virtually everybody can qualify. Essentiall the only people who get turned down are those with a history of financial fraud or poor payment practices. Of course guaranteed issue health insurance plans are not as comprehensive as a full blown health insurance plan, however it does have most of the necessities that someone would look for in a plan like accident coverage, emergency room fees and things like that, although some exclusions do apply. All i know is this type of insurance sounds pretty great for the population of people who are considered “uninsureable”.