What is a guaranteed issue health insurance plan?
Guaranteed Issue Health Insurance is just what it says — if you apply for the policy, you will receive it, regardless of any pre-existing health conditions. But most of these policies are not considered major medical policies. They are considered mini medical policies. They will pay some of your bills, but not all. If you got very sick and your medical bills were in the hundreds of thousands of dollars, you’d probably have to pay a large amount of those bills. Most higher quality mini-medical plans (guaranteed issue TRUE health insurance plans, as opposed to simple medical discount plans, which are not insurance policies) will pay you around $1,000 per day when you are hospitalized (and more if you end up in an intensive care unit), for up to 30 to 100 days per year. They also will pay a pre-determined amount for a surgeon, but many times the amount paid to the surgeon may not be enough to pay his or her bill in full.
