2007-03-23 12:07:34 · 2 answers · asked by Giggly Giraffe 7 in Business & Finance ➔ Insurance
If they ask if you have existing insurance, you will need to tell them. Otherwise, you risk having your coverage canceled. If you are looking to replace, the new company may have to have certain forms completed. Also, they may have to send notification to the old company that you are looking to replace them.
Remember, insurance companies have MIB, which is like Equifax or Experian, that has your insurance history(difference being that MIB is not-for-profit and does not sell your information to anyone). Any company will probably find out if you are working with multiple companies.
2007-03-25 06:02:50 · answer #1 · answered by Christopher B 1 · 0⤊ 0⤋
No, your existing plan will not be canceled. Getting approval for a new health insurance does not mean it is immediately effective until you sign all the papers. First, you should find out when your current plan expires and if you like your new plan that was approved, go ahead and sign the papers so that the new coverage begins after the current plan is finished.
2007-03-23 19:09:59 · answer #2 · answered by homertorpedo 3 · 0⤊ 0⤋