What to Do If Denied for LTC Insurance with Health Conditions Before
If you’ve been denied for LTC insurance before, the first question to ask is to find out if the insurance company have an appeals procedure?
If that’s the case, have a copy of the organization’s rejection letter into your physician. The letter will define the reason why you’re rejected (or whacked using a superior much higher than you’re expecting).
The physician’s answer to the reasons that the
Here’s a good example of what we’ve seen in the past. An insurance company denied an LTC due to several medical conditions that our client’s doctor had never found in our client before. This allowed the doctor to include this in his letter: I understand and appreciate you requesting my attention to the health conditions you addressed. In over 20 years of being this individual’s doctor, I have not encountered these conditions within this individual.”
Regardless of the letter’s tone (whether it’s a casual or very formal letter), the physician made such a persuasive case that the insurer issued a policy after all.
It’s also good to clarify that appeals usually don’t guarantee approval; in fact most of the times it’s very hard to change an insurance company’s decision. However, we’ve seen cases where the decision is changed and our client is approved so it’s worth trying.
Applying to Another LTC Insurance Company that You Are Likely to Be Approved
Although each agent works differently, at I Am Future Proof we represent you as our main client rather than representing any particular insurance company. What this means is that we’re experienced brokers that specialize in long-term care insurance policies and we can talk to different insurance companies until we find you the right coverage at the right price.
Being refused for a long term care policy with
pre existing conditions is not the end; you still have an opportunity to get approved!