How Much Do I Need To Disclose On A Medigap Application?
When applying for a Medicare supplement plan, a person may find the questions that the insurance company asks incredibly invasive. The insurance company does not need to know a person's credit history on the application, but it does need to have a complete and accurate medical history. A recipient usually only needs to disclose billing information in addition to this. Asking more than medical questions or billing information is an invasion of a person's privacy and a person can either not answer them or politely inform the insurance company what they are doing is wrong.
What Happens If I Do Not Disclose This Information?
The Medigap application does not go out of its way to ask questions that do not deal with medical information. As long as the information is accurate and detailed enough, an applicant should have no problems making it into the program. The questions deal with his own personal history and his family history. Even if a person is in his open enrollment period, he still needs to provide this information on his Medigap application. The information must also include a family history. This information helps a company determine premiums, lets the company's know about preexisting conditions, and is important when a person applies for a new Medicare supplement policies.
What Can Happen If I Do Not Fill This Medigap Application Out?
Most insurance companies that receive an incomplete Medigap application wills send it back to a consumer so he can fill out the missing information. The process can get annoying, especially if the customer is not exactly sure what a company wants. In some cases, an insurance agent can help a person fill out the forms to avoid this process. If a person deliberately hides or conceals information, a Medicare supplement insurance provider can choose to drop a client's coverage.