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Originally Posted by bdeutsch
BeanCounter, to be honest this is something I was not aware of. All of this happened about 5-years ago for us, so not sure if this was even an option then.
With you regarding comment on family...
Hope things work out for your daughter.
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Certificate of Credible Coverage has been around for many years now. I can imagine an insurance company not wanting to cover someone who had any pre-x, to 'forget' to mention that clause. Once, long ago at the beginning of widespread group policies. A group policy was much cheaper than an individual policy and there were no medical questions or exams. But as the volume grew and the payouts increased, insurance companies wanted to medically underwrite the policies. Government regulators said OK, underwrite, but if a person has CREDIBLE COVERAGE under a group policy, he can carry coverability to a new company without underwriting. Just a guess, but I'd say that was well over 20 years ago.
In my agency we had over 100 agents, only 4 were allowed to write major medical policies, individual or group, because the chances of problems [mistakes] were so great. ALL were licensed to write major medical but the mass of regulations were too much of a mine field.
We had a great desire to help people and write whatever they needed. But first priority was to stay out of court and stay in business.