When applying for Long Term Care Insurance it is common for Insurers to take a genetic test when you are applying for Long Term Care Insurance. They can technically choose to offer you coverage off of the results of your DNA tests as well.
The Federal Genetic Information Nondiscrimination Act prohibits health insurers from asking for or using your genetic information to make decisions about whether to sell you health insurance or how much to charge. When applying for Long Term Care Insurance insurers like to review your medical history and go over any family health questions that they might have. This is all apart of the underwriting process which allows them to offer you coverage if you are in the clear. Any medical information that is relevant to you or your family history should be talked about. Depending on your medical history insurers can deny you coverage. Preexisting medical conditions can sometimes put you a risk for being declined.
Qualifications for approval for Long Term Care insurance include: over the age of 40 and must be in good health. If you already need help with daily activities such as getting dressed, eating, bathing, or moving around you may be denied. Reasons for being declined Long Term Care Insurance would include: IDS, Alzheimer’s, Parkinson’s, MS, any dementia or progressive neurological condition or have had a stroke or metastatic cancer.
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