What is Guaranteed Acceptance Health Insurance ? It is health insurance that is guaranteed issue, meaning no one is turned down for healthcare coverage. It simply refers to health insurance that has no medical underwriting. A policy will be issued even if you have pre existing conditions. You choose your medical provider and the plan pays regardless of any other insurance coverage. Who needs this type of health insurance? What does this insurance cover? For individuals with pre-existing conditions, a guaranteed acceptance health policy may still be your best option. Is Guaranteed Acceptance Health Insurance right for you? For some people, these "guaranteed issue" and "guaranteed acceptance" individual life insurance policies can be the only way to buy insurance protection. "For a true guaranteed issue policy, there are no medical questions — you just send your money and get insurance." "For a true guaranteed issue policy, there are no medical questions — you just send your money and get insurance." Some insurers sell guaranteed issue policies only to folks age 50 to 85. With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums. Introduced to avoid insurance fraud, graded benefits clauses in guaranteed issue life insurance policies allow the insurer to refund a policy's premiums, plus interest, instead of paying the death benefit if the insured dies within two to three years after buying the insurance. Insurers couldn't offer guaranteed issue policies without the protection these clauses provide, he says. In general, if you can buy life insurance after answering medical history questions or by undergoing a physical examination, you'll probably end up paying much less for a greater death benefit than you would with a guaranteed issue life insurance policy. For more Information : http://hubpages.com/_17piswnnxdqut/hub/Guaranteed-Acceptance-Medical-Health-Insurance