Medical underwriting

{{Short description|Health insurance term}}

'''Medical underwriting''' is a [[health insurance]] term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for [[life insurance|life]] or [[health insurance]]. As part of the [[underwriting]] process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more in-depth analysis of a client's health information.{{cite web|url=http://www.health401k.com/index.php/2011/12/23/medical-underwriting-health-insurance-underwriting/|title=Medical Underwriting – Health Insurance Underwriting|date=23 December 2011|publisher=Health 401k|accessdate=19 January 2012}} The use of medical underwriting may be restricted by law in certain insurance markets. If allowed, the criteria used should be objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance system.[https://www.actuarialstandardsboard.org/pdf/asops/asop012_101.pdf "Risk Classification (for All Practice Areas),"] Actuarial Standard of Practice No. 12, Actuarial Standards Board, December 2005

'''Medical underwriting''' is a [[health insurance]] term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for [[life insurance|life]] or [[health insurance]]. As part of the [[underwriting]] process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more in-depth analysis of a client's health information.{{cite web|url=http://www.health401k.com/index.php/2011/12/23/medical-underwriting-health-insurance-underwriting/|title=Medical Underwriting – Health Insurance Underwriting|date=23 December 2011|publisher=Health 401k|accessdate=19 January 2012}} The use of medical underwriting may be restricted by law in certain insurance markets. If allowed, the criteria used should be objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance system.[https://www.actuarialstandardsboard.org/pdf/asops/asop012_101.pdf "Risk Classification (for All Practice Areas),"] Actuarial Standard of Practice No. 12, Actuarial Standards Board, December 2005