Question and Answers to obtaining Life Insurance after WLS

I have had many people question me about not being able to obtain Life Insurance after WLS, whether it be Lapband, RNY, VSG or DS.    I met with an Insurance broker to get answers to some of your questions to me.   I questioned why is it so hard to underwrite a policy for WLS patient.  Answer:  They can and will write policies for Life insurance through an underwriter but you have to be 5 years out from the Surgery and goal.  Now for regular medical insurance if you have a policy now that you pay yourself as indidvual coverage not through a employer or your self employed.   You may be paying a higher rate because when policy was taken out during your obesity,  after 18 month of being at goal a underwriter will re-rate you and can most likely lower your monthly premium.

I spent several hours today in this one on one meeting with this insurance broker and she went over several things with me and I have touched on the most asked questions.   If you have any others just PM me and will try and answer anything she and I may have touched on.

Vicki

A client of mine who also had RNY attempted to get health insurance through BCBS NC and was given a policy at the highest risk rated (it is guaranteed issue in in NC) and the premiums would have been $1,300 per month.  She was three years out and at goal.  She was told that she would always be rated at the same level as someone who has had a surgery such as cardiac bypass.  It is not urban legend because I confirmed the information with them.  Maybe it varies by state?

Sam I can see that in health insurance, I agree at the rating and the rationale is having health insurance and problems can go on and on for years and can easily hit millions of dollars in medical bill catastrophic where as life insurance would be a 1 time pay out.   But in regards to your rriend most states have avaibility for high risk patients but the premiums are so outrageous and the statistics of those who need it are the lower class or even middle class individuals who barely keep their head above water.

Politicians need to wake up and start regulating some of these issues as our population are dieing at alarming rates for the lack of medical care due to not being insurable

ok off my soap box now.

V icki