Health Insurance : Health Insurance Applications
Hello my name is Vic Schumacher. The company
is HPE Financial Services. The question and the topic today is, “How does the insurance
application work and how do you fill one out?” Well you can fill it out on paper, on a long
form. You can fill it out online, most of the insurance companies have that available
today. And they will, like any other application, they’ll ask you the particulars: your name
and you date of birth, and your social security number. They get past that, then they want
to know how are you going to pay for the policy? They’ll give you a credit card or a bank draft,
or your account number. Then they’ll get into the medical questions and those questions
can be 25 or 30 questions long. There’s always one question in there comes down and says,
if in the event we have not covered a particular medical topic, would you please indicate what
particular topic you have that we did not cover. They will always want to know what
medications you’re on. They will always want to know when is the last time you had coverage.
And they will always want to know, basically, how they can reach you. Then after this is
all done, they will go to underwriting and they’ll make a decision as to what that quoted
premium will actually be. It’s not a long process; it’s just a rather lengthy process.
My name is Vic Schumacher; the company is HPE Financial, helping people everyday.