Medical illnesses or injuries that a patient has before the purchase of a health insurance policy are called:
A) riders.
B) exemptions.
C) policy precursors.
D) preexisting conditions.

Question

Quizplus · Accepted Answer

Preexisting conditions are medical illnesses or injuries that the patient had before purchasing a health insurance policy. Insurers often exclude coverage for preexisting conditions or charge higher premiums for individuals with such conditions. This is done to prevent adverse selection, where individuals only purchase insurance once they become ill, which raises costs for insurers and other policyholders.

Medical Illnesses or Injuries That a Patient Has Before the Purchase