Buying Insurance Means Opening Medical Records.(Brief Article)
Kiplinger's Retirement Report, March, 2005
BUYING INSURANCE MEANS OPENING MEDICAL RECORDS
When I applied for long-term-care insurance, the company asked if it could review my medical records. If I had refused, would I have been allowed to buy a policy?
Probably not. Companies that sell disability, health, life and long-term-care insurance policies to individuals demand the right to review your medical records to make sure you're not omitting relevant information or misrepresenting your health. In most cases, insurers use the database owned by the MIB Group, which was created by its insurance-company members.
MIB gathers information on broad categories of medical conditions that may affect an insurance applicant's longevity. For example, if you have twisted your ankle in the past or...
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