Thinking About Omitting Health History on a South Carolina insurance Application?

DON’T! In this age of electronic information, life and health insurance carriers operating in South Carolina will uncover all of your health history. The insurance companies have an untold number of resources at their disposal to investigate your health history.

Insurance companies use many investigative techniques including referencing Equifax, TransUnion, Experian, the Medical Information Bureau (MIB) and IntelliScript. It’s true. Life insurance carriers and some health insurance carriers check your credit report to reconcile information on your insurance application.

The Medical Information Bureau is a membership organization used by the insurance companies to uncover medical fraud. The MIB manages a database containing specific medical information about life and health insurance applicants. The MIB obtains this information from various sources including listed health history from previous applications or discovered from previous underwriting findings.

Milliman IntelliScript maintains files of applicant prescription histories. They obtain this information from previous insurance applications. They can also obtain this information electronically whenever you have a prescription filled regardless of whether or not the claim is submitted to an insurance company. Your prescription history can be reconciled by social security number, phone number, address and name, etc..

So if you think you can omit pertinent health information on a life or health insurance application, think again. Your omission will be revealed and you could be subject to an insurance fraud investigation.