It is because they have to make a profit, and the cost of maintenance medications like Glyburide is too high for them to be able to keep business going in many situations. The reason that insurance companies balk at giving coverage to patients with chronic conditions is not because they don't care. Like most chronic conditions, insurance companies are always a little difficult when it comes to getting coverage for this type of medication. Glyburide is specifically designed to help in the management of Diabetes Type 2, which is the non-insulin dependent form of the disease.
When you need medications for your Diabetes and you are having trouble finding a company that can give you insurance, you just have to look a little harder. There are many companies who refuse to sell policies to people with chronic conditions or who will exclude that from the covered services, but don't worry about them. The thing that people don't realize is that they often don't search hard enough to find the companies that will help them get the coverage that they deserve. Some companies are willing to work with patients who need Glyburide and other medications for the treatment of Type 2 Diabetes, but they are few and far between.
But don't give in to this temptation. Your insurance company will eventually find out about your failure to mention this life-changing condition, and they may choose to rescind your coverage and you may even be found guilty of insurance fraud, which could result in hefty fines or even jail time. It's not worth the risk. It's best to be honest and up-front about every aspect of your health. When you first ask an insurance company for a rate quote, they'll ask you for your medical history. It may be somewhat tempting to leave your Type 2 diabetes out of the picture, especially if you're managing it through diet and exercise instead of medication.
The better you are at handling your condition, the lower risk you will be to them. That means that you can get coverage and get low rates, as well. You should also look for policies that take a look at your overall health. If you've been healthy for the past 30 years of your life and suddenly become diabetic, they have to consider that if you can manage that, your other expenses won't be high either. Show the insurance company that you can manage your Diabetes well. If they see that you can handle basic maintenance without their help and won't cost them a fortune in doctor bills and emergency visits because of poor management, they will be more likely to give you insurance.
They're also asking so that they can get a full picture of your needs and offer you adequate coverage. There's no point in purchasing the cheapest insurance policy out there if it's not even going to cover your most basic medical needs. Being forthcoming about your Type 2 diabetes also helps the insurance company to offer you the most adequate coverage. They have experience with other diabetics and know what kind of policy would best fit your needs. They're not just asking about your health in order to minimize their risk
When you need medications for your Diabetes and you are having trouble finding a company that can give you insurance, you just have to look a little harder. There are many companies who refuse to sell policies to people with chronic conditions or who will exclude that from the covered services, but don't worry about them. The thing that people don't realize is that they often don't search hard enough to find the companies that will help them get the coverage that they deserve. Some companies are willing to work with patients who need Glyburide and other medications for the treatment of Type 2 Diabetes, but they are few and far between.
But don't give in to this temptation. Your insurance company will eventually find out about your failure to mention this life-changing condition, and they may choose to rescind your coverage and you may even be found guilty of insurance fraud, which could result in hefty fines or even jail time. It's not worth the risk. It's best to be honest and up-front about every aspect of your health. When you first ask an insurance company for a rate quote, they'll ask you for your medical history. It may be somewhat tempting to leave your Type 2 diabetes out of the picture, especially if you're managing it through diet and exercise instead of medication.
The better you are at handling your condition, the lower risk you will be to them. That means that you can get coverage and get low rates, as well. You should also look for policies that take a look at your overall health. If you've been healthy for the past 30 years of your life and suddenly become diabetic, they have to consider that if you can manage that, your other expenses won't be high either. Show the insurance company that you can manage your Diabetes well. If they see that you can handle basic maintenance without their help and won't cost them a fortune in doctor bills and emergency visits because of poor management, they will be more likely to give you insurance.
They're also asking so that they can get a full picture of your needs and offer you adequate coverage. There's no point in purchasing the cheapest insurance policy out there if it's not even going to cover your most basic medical needs. Being forthcoming about your Type 2 diabetes also helps the insurance company to offer you the most adequate coverage. They have experience with other diabetics and know what kind of policy would best fit your needs. They're not just asking about your health in order to minimize their risk
About the Author:
Sean L Johnson is a journalist for Health Insurance Buyer a referral service that connects consumers to the insurance carriers that can best fit their wants or special needs. Click on link to access your free instant direct quote for people with pre-existing conditions
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