Americans of all ages are afraid that they may face new forms of discrimination if they lose their jobs or become ill.
Now that the pandemic is even affecting our insurance policies, Americans of all ages are afraid that they may face new forms of discrimination if they lose their jobs or become ill. It has also become difficult to find out if our insurance premiums may change – or if we might be granted any grace periods for payments so that we can hold on to critical homeowner insurance and auto policies.
Fortunately, various government websites, AARP (the American Association for Retired Persons), and publications like the Gallagher Report are addressing many of these concerns.
Here is a brief review of some key insurance topics and a reminder that we must keep pursuing timely answers to our questions so we can stay healthy and remain afloat financially.
Regular health insurance policies, Medicare, Obamacare, and long-term care coverage
In addition to a possible increase in fees for new life insurance policies, companies are now far more likely to require new prospective customers to undergo medical office testing and evaluation before providing new policies. This poses problems for many, since numerous medical offices are only open for a few hours each day -- or will only provide virtual office visits using software programs like Skype and Zoom.
Finally, anyone seeking a new life insurance policy must be ready to answer written questions about their exposure to (or personal battle with) COVID-19. Many other health related questions must also be answered in writing that might not have been asked prior to the pandemic.
Please feel free to contact any of our Murray Lobb attorneys with questions you may have about your insurance policies. We also remain available to help you with all your general business, corporate, and estate planning needs -- and can readily help you by drafting any contracts or other documents you may require.
700 Gemini, Suite 115 Houston, Texas 77058