Definitions for "Preexisting Conditions"
Keywords:  diagnosed, und, illness, payable, took
This is an insurance term which refers to an old medical problem that was present before the insurance became effective. Typically an insurance company will not pay for costs related to a preexisting condition.
A preexisting condition is defined as an illness or injury for which the Covered Person has consulted with a physician, or for which advice, treatment (including prescription drugs), or diagnosis was received or recommended, within the three-month period immediately preceding the effective date of his/her coverage und the plan.
Medical conditions that existed, were diagnosed, or were under treatment before you took out a policy. Long term care insurance policies may limit the benefits payable for such conditions.