Tips For Successfully Completing Your Insurance Application

The following are tips to avoid delays in underwriting processing of your health insurance application. Simply by following these guidelines can save you days or even weeks of processing time for your health insurance application.

The top five reasons for delays in processing are:

Verify Height and Weight: Height and weight accuracy, especially for children, is necessary to properly process applications.
» This area of the application amounts to 25% of the call-backs underwriters make for incomplete or inaccurate information.

Specify Diagnosis: A specific diagnosis needs to be provided (e.g. Crohn’s disease) not a general description of health issue (e.g. digestive issues).

Specify Affected Areas: Accurately identify areas of the body that have been treated (e.g. RIGHT foot broken, LEFT knee replaced, etc.).

Specify Treatment Dates: Both beginning and end dates are needed. Also, details about the treatments success, i.e. if the treatment is ongoing or if there has been a complete recovery.

List Medications - Name, Dosage and Frequency: Many medications share similar names and accuracy is key. Specific dosage amounts (e.g. 50 mg) and directions of use (how many times a day) should also be provided.
» If a prescription is taken “as needed” or “seasonal,” please provide information how often it is refilled.

The people we work with are saving 1,000’s of dollars each year without sacrificing benefits. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

IQ Financial Group, llc. is a licensed insurance agency in the state of Arizona.  We offer a complete selection of health insurance, term life insurance, disability insurance, long term care insurance and supplement plans to individuals, families, self-employed and small businesses throughout Arizona.  We offer the best in Arizona Health Insurance.
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