Compare Medical Insurance Moratorium and Full Medical Underwriting
The advantages of the moratorium method are that it simplifies the process of obtaining cover, as no detailed health questionnaire has to be completed. It also allows for automatic cover of pre-existing conditions providing you have had two consecutive years free of advice, medication and treatment after the start of your policy.
The advantages of the completion of a full health statement are that you would receive a certificate stating any specific exclusions. Therefore you would know precisely what you are not covered for and it enables you to judge before joining whether or not you consider the cover as providing value for money.
However, it is important to understand that when completing the form, you must reveal all important information otherwise a claim could be turned down. the answers you give will be used to assess your application. Failure to disclose material facts which would be likely to influence the acceptance of the application may lead to the non-payment of any future claim and the cancellation of the contract.
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