With medical technology constantly advancing, our knowledge of our bodies inside and out has grown more and more every day. Many Americans have already taken advantage of this fact, to undergo genetic testing that would tell them if they were carriers of any genetic mutations that could lead to certain diseases at some point in their lives. This testing is especially important to individuals who may have serious inherited diseases from their parents or grandparents.
According to an article in The New York Times (NYT), while over 700,000 Americans have already undergone genetic sequencing, many are hesitant to have the testing done out of fear that the outcome will make it difficult for them to get disability, life or long term care insurance.
A federal law, the Genetic Information Nondiscrimination Act (GINA), does not prohibit employers or health insurers from gaining access to individuals’ genetic sequencing results. According to the article, “While patients seek the protection that insurance offers, many are concerned about the possibility of paying higher premiums or being denied coverage altogether because of the known existence of a dangerous mutation.”‘
For now, there are only three states who prohibit the use of genetic information when it comes to life insurance underwriting accepting or denying insurance, and many insurance companies are still not requesting access to the documents. But with the information available, the NYT says its just a matter of time.
Regardless of your current medical diagnosis, having the right health and life insurance for your needs is crucial to putting your mind at ease. Make sure that you are aware of all your options by visiting Local Life Agents’ website today. With our help, you can find the life insurance quotes online that best fit your needs.