MrSockMonkey
Expert
- 73
60 + male enrolled in Marketplace Silver Plan through an agent (not me). Fellow already knew what tobacco rate was. Goes to the agent who "didn't ask me about smoking and I didn't tell him". Agent exclaimed when fellow quoted what he knew to be $130+ per month......"Who told you that? Because you live in ....... county, the premium is 0."
So he goes with it. Now I know the app had to be signed one way or the other. This fellow is scheduled for surgery and says will not take smokes with him to the hospital.
My question is....what happens next? How do the insurers learn about misstatements on the application? And what happens when they do? Thank you for insight here. This is a hypothetical situation, for the record.
So he goes with it. Now I know the app had to be signed one way or the other. This fellow is scheduled for surgery and says will not take smokes with him to the hospital.
My question is....what happens next? How do the insurers learn about misstatements on the application? And what happens when they do? Thank you for insight here. This is a hypothetical situation, for the record.