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What are chronic condition limits in disease specific insurance?

Dr. Jeanne Morrison, PhD
Family Practitioner

A chronic condition in the medical world is a condition that can be managed but not cured, like allergies or asthma, as opposed to an acute condition, like appendicitis, that will resolve within a short period of time. Disease specific insurance pays a lump sum benefit to the beneficiary at the time of diagnosis to cover expenses beyond the specific medicines, procedures, and doctors or hospital visits. Disease specific insurance policies differ from provider to provider and disease to disease. It is very important to know the specifics of your policy if you have purchased disease specific insurance.

Dr. Michael Roizen, MD
Internal Medicine
Disease-specific insurance usually sharply limits coverage or doesn’t cover chronic conditions at all. These policies vary as much as gas prices across states, however, so it’s impossible to say what limits might apply. Make sure you read the fine print very carefully before signing up, and then good luck collecting -- your grandchildren are more likely to collect than you. You see, some call these legal robbery policies, because the restrictions are often so encompassing that you are more likely to be hit by lightening twice in a day than benefit from one.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.