Will My Company Health Insurance Scheme Provide Cover for Existing Medical Conditions?

There are three types of medical underwriting when it comes to Company Health Insurance:

• Full medical underwriting
• Moratorium underwriting
• Medical history disregarded.

Full Medical Underwriting

With a fully medically underwritten scheme you disclose your past medical history when taking out the policy The insurer then makes a judgement based on the information disclosed as to whether any exclusions are to be added to your plan.

Moratorium

A plan underwritten on a moratorium basis usually states that any medical conditions suffered in the past five years will not be covered for the first two years of the policy.

Should you not suffer any symptoms of that condition during the first two years of the plan, it may be re-included within the policy at the insurer’s discretion. Read our guide for an in-depth comparison between full medical and moratorium underwriting.

Medical History Disregarded

If your company scheme is large enough (typically at least between 20-25 members), the policy can be underwritten on a medical history disregarded basis.

With this type of underwriting, there’s no need to declare your medical history, and your employees’ acute pre-existing medical conditions will covered upon joining the scheme.

Need Help?

Deciding the best type of underwriting for your Group Health Insurance scheme can be tricky. That’s why our friendly consultants are on hand to help you find the right fit for your business. Call 02074425880, email help@drewberry.co.uk, or submit an enquiry to find out your options.

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• Award-winning independent employee benefits consultants, working with leading UK insurers and benefit providers
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