Question
I live in Texas. I have had group long term disability coverage through my employer with one insurance carrier for the last eleven years. In January of this year the employer changed the insurance carrier and now I am being told there is a twelve month waiting period for any pre-existing condition since this coverage just became effective, and that there is not any pre-existing credit. Is this correct?
Answer
It is if those are the terms of the policy. The law neither requires nor prohibits such a waiting period.
Answer
Generally, ins. companies can establish their own criteria re pre-existing conditions. They are not legally required to cover pre-existing conditions without a waiting period if their policy provisions say there is a 1 yr. wait for such conditions.