Pre-existing Health Conditions
DEFINITION
Pre-existing health conditions are illnesses, injuries, or medical conditions that a person already had before getting health or life insurance cover. Because of these known conditions, insurers may charge higher premiums or refuse coverage, especially when the conditions are long-term or chronic.
ELI5
These are health problems a person already has before buying insurance. Because of them, insurance may cost more or may not be offered at all.