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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Effect of declined health coverage

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: I have recently been approved for a short term health plan. After reading over the information I have a few questions. It asked during the application process, if you have every been turned down for insurance. At the time I had not been turned down, however a few days after I filled that out I was turned down by another company? Will this effect my coverage? Also I am taking Lipitor, will this effect my coverage?

A: No, the decline has no effect on your current short term medical insurance coverage; this is why it is important to be enrolled in a short term health plan before applying for a medically underwritten insurance. Be careful of applying for insurance without knowing the eligibility criteria. When you have a pre-existing medical condition, it always makes sense to speak to a qualified enrollment adviser before submitting an application. If you are uncertain, have the adviser mark the application as an inquiry to avoid the risk of a declined application. A decline has a harmful effect and is often reported to the Medical Information Bureau. There is more information on this subject at asktony.tonynovak.com

Summary

More resources:

www.asktony.tonynovak.com Declined for Coverage Medical Information Bureau