Health insurance 2 year rider turns into lifetime rider
Posted: Fri Apr 27, 2007 11:43 am
I Yesterday I received an e-mail from a friend that from time to time I've worked with over the years. She has a husband / wife friend that bought individual health insurance that had a 2 year exclusion on a neck problem. Well the 2 years was up and they called the insurance company to talk about it.
The couple were informed that there is no 2 year exclusion rider but it is a lifetime rider. The couple have the 2 year rider included in the issued policy. The story that the couple is being told is: the policy was issued with a 2 year rider but several days later a lifetime rider was issued. The couple does remember the agent coming out to get something signed but (bad bad consumer here) they didn't read what the agent brought for them to sign. Plus apparently the the agent didn't tell them they were signing a lifetime exclusion. I do believe most people would remember a lifetime exclusion.
Here's a question......
If the policy was issued with a 2 year rider, what if the couple had refused to sign the lifetime exclusion that was sent out days later? I think in my State an individual health policy, once issued can't be individually pointed out for cancellation.
Any thoughts?
The couple were informed that there is no 2 year exclusion rider but it is a lifetime rider. The couple have the 2 year rider included in the issued policy. The story that the couple is being told is: the policy was issued with a 2 year rider but several days later a lifetime rider was issued. The couple does remember the agent coming out to get something signed but (bad bad consumer here) they didn't read what the agent brought for them to sign. Plus apparently the the agent didn't tell them they were signing a lifetime exclusion. I do believe most people would remember a lifetime exclusion.
Here's a question......
If the policy was issued with a 2 year rider, what if the couple had refused to sign the lifetime exclusion that was sent out days later? I think in my State an individual health policy, once issued can't be individually pointed out for cancellation.
Any thoughts?