Health Care Recission – What is it, and when does it happen?
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WHen a applicant lies on their application its possible for Recission to occur. Recission means that the policy will be cancelled. If you lie on an application, chances are this can occur to you.
It doesn’t seem to be that common, Assurant CEO Don Hamm mentions that:
“Rescission is rare. It affects less than one-half of one percent of people we cover. Yet, it is one of many protections supporting the affordability and viability of individual health insurance in the United States under our current system.”
In the long run, its best not to lie on your Health Insurance application, or any application for that matter. It just creates a future situation where your coverage will be most definitely uncertain. Be honest, and even if its difficult to qualify because you have conditions or other situations preventing you from getting coverage, keep shopping.
Or, you could always contact an agent at VitalOne Health, we have a plan for everyone, and I do mean everyone! Contact us at 1-866-488-5200 or via the Web or Twitter.
