What Information Do Health Insurance Companies Need?

If you’re applying for a healthcare policy like Medicare from an insurance company, you’d be forgiven for thinking you needed to undergo a background check and provide any criminal record. While it’s true that some insurance agents will want to look at the public record of each applicant, you’ll be happy to know that applying for a policy like the Medicare Supplement Insurance Plan doesn’t require a criminal background check.

What Do Insurance Companies Need?

Each applicant will have to part with some of their personal information when applying for health insurance or the Federal Medicare Program. This personal information includes—but isn’t limited to—your email address, Social Security Number, and occasionally a credit report or tax information provided to the United States Government. Each health plan will vary depending on your specific needs. Sometimes, you’ll need to provide some employment history to see if there are applicable federal laws that allow you to qualify for tax credits. Medicare insurance quotes will want more of your available data to match you with qualified health plans. However, it’s rare that any health plan will ask for criminal history or prior criminal convictions.

Applying for health insurance is fairly simple, too. With any web browser, you can browse the Health Insurance Marketplace website. The Health Insurance Marketplace website can match you with a health insurance plan if you provide general contact information like your date of birth. You can even sign up for text message alerts about basic benefits. The Health Insurance Marketplace website is a great resource if you need to learn more about the Affordable Care Act (ACA), receive a Medicare quote, or purchase a general insurance policy. Of course, for some, purchasing a health policy from an insurance agency can be complicated. With providers like the Medicare Advantage Plan and Aetna often limiting care availability to a specific service area, you may want to seek some outside assistance.

Working With an Insurance Agent

Contacting an insurance sales agent or broker is a great way to get the health insurance plan you need without taxing your resources. If you’re a small business owner, you don’t even need employee background checks to offer insurance. A sales agent can help you understand plans like Medicare Advantage and the Medicare Supplement Plan and walk you through the privacy policy of each provider. You’ll still need to provide personal information such as your social security number but no agent should ask you to undergo a background check or criminal record check. They may, however, request a credit report on occasion.

Especially where Medicare Supplement insurance and Medigap insurance are considered, it’s in your best interest to choose an agent. They can help make sure that you properly qualify and review your finances. This is important due to the fact that, as a form of government-sponsored healthcare, your eligibility can be impacted if you apply for Original Medicare with incorrect information. You may find yourself liable for some larger expenses or without coverage as a result of a faulty application.

Know Your Options

Whether you’re working with a Healthmarkets Insurance agency to purchase a policy or are considering a Medicare Supplement Insurance plan, there are hundreds of potential healthcare options at your disposal. Naturally, this can be difficult to navigate. Before you purchase a plan, do the math to see how it factors into your monthly budget. If a certain plan costs too much, review the basic benefits. Does it provide more medication coverage than you need? Are you paying a higher monthly premium in exchange for a lower deductible? All of these can impact the month-to-month costs.

Understanding what information you need to provide to an insurance company is a critical component of applying for a policy. Know your rights and also know when to say “no” if an agent is asking for too much information.