The festive season is with us again. For many, this is a period of relaxation and being with friends and family. As is our culture, parties and large social gatherings become unavoidable. But, what does this really mean for your health insurance

We all know that health insurance plays an important role in our well-being. As such, it is paramount that one has it. When acquiring one, policy givers require to know certain things in our lives in order to determine our eligibility for the same. This in turn affects whether we are accepted into the schemes and the premium cost we pay amongst other things.

Amongst the many issues to consider are high alcohol consumption, among other drugs and their long-term effects to your health and if your insurance can cover you if things go south.

Eligibility

While consuming alcohol in limitation is deemed admissible, extreme drinking can be a matter of serious concern for all insurance providers. This is because drinking in abundance has been associated with adverse health diseases like increased blood pressure, kidney and liver ailments, and coronary disorders. Apart from this, there are also occurrences where unrestrained alcohol intake can cause mental imbalance and obstinate cravings. The same is true for tobacco.

Therefore, while assessing your eligibility for a life and health insurance policy, alcohol intake plays a dominant role in defining eligibility. If you are a regular drinker, your odds of receiving a life insurance policy are extremely low.

Increased premium

While it may be difficult for a drinker to avail of a health insurance policy, it is certainly not impossible. Insurance companies may issue a policy but charge a higher premium. Insurers test if a person is a moderate drinker or a heavy drinker. If a person has been an average drinker for a short time, they may be able to avail at least a basic health insurance policy.

Alcohol and substance charge Exclusion.

In some cases, alcoholism diminishes the chance of an individual benefiting from health care coverage inclusion and eliminates the chance of claim settlement. One of the normal exclusions of all medical coverage arrangements is that accidents or diseases brought about by substance abuse or can’t be claimed by the holder. This is at times what is considered as self-hurt.

As established, alcohol and substance abuse have different hurtful impacts on health care coverage approaches. It is, therefore, prudent to try not to drink and lead a solid way of life. Notwithstanding, in the event that one should indulge, it is important to reveal this to the insurance company. Assuming the truth of the matter isn’t accounted for and the insurance agency discovers that the candidate had not said before, they might decide to dismiss the claim or terminate the policy altogether.