Pre-existing conditions

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What is a pre-existing condition?

A pre-existing condition refers to a medical condition, whether diagnosed or not:

  • for which the insured person sought medical investigation, medical care or services, diagnosis, treatment, including diagnostic measures, medication or medical advice, or
  • for which there were symptoms, signs or evidence that should have caused an individual to seek medical care or services, diagnosis, treatment, including diagnostic measures, medication or medical advice.

What is the pre-existing condition limitation?

No benefit amount will be payable for a pre-existing condition, whether diagnosed or not, that existed within the 24 months before your effective date of coverage, and is diagnosed within 24 months of your effective date of coverage.

What if my PARACHUTE policy is replacing coverage under a prior policy?

The pre-existing condition exclusion period will still apply, but it will be reduced by the time you, your spouse, and your dependents were covered under your prior policy. However, this reduction applies only to grandfathered coverage. Any covered conditions that were not included in your previous policy or any coverage amount that is higher than that of your previous policy is deemed issued on your PARACHUTE policy's effective date and subject to its standard pre-existing condition limitation.

Full definitions and benefit provisions can be found in the policy and all coverage is subject to the terms and conditions of the policy
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