Being diagnosed with diabetes can be overwhelming. Not only does it require significant lifestyle changes, but it can also have a significant impact on your ability to get insurance coverage.

Insurance companies view individuals with diabetes as high-risk due to the potential health complications associated with the disease. While it may be more difficult to obtain insurance coverage if you have diabetes, it is not impossible.

In this article, we will discuss ways to get insured even if you have diabetes.

Understand the Types of Coverage Available

Before you begin searching for insurance, it is important to understand the types of coverage that are available. There are two primary types of insurance coverage: individual and group.

Individual insurance is purchased by individuals for themselves and their families. Group insurance is purchased by organizations for their employees.

Group insurance policies typically have lower premiums than individual policies because the risk is spread out among a large group of employees.

An individual with diabetes may find it more difficult to obtain individual insurance coverage than group coverage, but it is still possible.

You may also be eligible for government-funded insurance programs, such as Medicare or Medicaid, if you meet certain income requirements.

Begin Your Search Early

If you have diabetes and are looking for insurance coverage, it is important to begin your search as early as possible.

It may take some time to find an insurance provider that will cover you, and you do not want to risk being without coverage during this time.

Starting your search early will also give you time to research different insurance providers and compare their policies. This will help you find the best policy for your needs and budget.

Work with an Insurance Broker

An insurance broker can be a valuable resource for individuals with diabetes who are looking for insurance coverage. Brokers have access to a wide range of insurance providers and can help you find the best policy for your needs.

When working with an insurance broker, be honest about your diabetes diagnosis. The broker will be better able to help you if they have a full understanding of your health history and current health status.

Consider High-Risk Insurance Pools

Many states have high-risk insurance pools for individuals who are unable to obtain insurance coverage on their own. These programs are designed to provide coverage for individuals with pre-existing conditions, such as diabetes.

High-risk insurance pools may have higher premiums than traditional insurance policies, but they can be a good option for individuals who are unable to obtain coverage elsewhere.

Shop Around

When looking for insurance coverage, it is important to shop around. Different insurance providers may have different policies and premiums, so it is important to compare your options.

It is also important to read the fine print of any policy you are considering. Make sure you understand the deductibles, co-payments, and coverage limits of the policy before signing up.

Improve Your Health

One way to improve your chances of obtaining insurance coverage is to improve your overall health. This can include making lifestyle changes, such as adopting a healthy diet and getting regular exercise.

Working with a healthcare provider to manage your diabetes and other health conditions can also improve your overall health and reduce your risk of health complications. This, in turn, may make you a more attractive candidate for insurance coverage.

Consider Term Life Insurance

If you are unable to obtain traditional life insurance coverage, term life insurance may be an option. Term life insurance provides coverage for a specified period of time, such as 10 or 20 years.

Term life insurance policies may have lower premiums than traditional life insurance policies, but they do not offer the same level of coverage.

If you are considering term life insurance, be sure to read the policy carefully and understand the terms and coverage limits.

Disclose Your Diabetes Diagnosis

It is important to disclose your diabetes diagnosis when applying for insurance coverage. Failing to disclose your condition can result in a denied claim or even the cancellation of your policy.

While disclosing your diabetes diagnosis may make it more difficult to obtain coverage, it is important to be honest about your health status.

Insurance providers have access to medical records and can easily verify your health status during the application process.

Conclusion

Obtaining insurance coverage when you have diabetes may be more difficult, but it is not impossible.

By understanding the types of coverage available, beginning your search early, working with an insurance broker, considering high-risk insurance pools, shopping around, improving your health, considering term life insurance, and disclosing your diabetes diagnosis, you can increase your chances of finding coverage that meets your needs.