If an applicant for life insurance, health insurance, disability
insurance, or long-term care insurance is denied coverage, it may be because of
information contained in the applicant’s MIB file. The Medical Information Bureau (MIB)—a sort of credit bureau for
medical information—keeps files on millions of individuals. More than 600 insurance companies supply MIB
Insurers use MIB reports in deciding whether to issue a policy to an
individual (MIB’s information serves various other purposes, too). The MIB report contains information on
chronic health conditions, accidents, and so on.
If insurance coverage is denied, check the MIB report to make sure it’s
accurate. Even if insurance coverage is
in place, it’s a good idea to check out the MIB report to avoid problems in the
future. Contact: MIB; P.O. Box 105;
Essex Station; Boston, MA 02112; 617-426-3660.
Their website is http://www.mib.com. Reports are free if insurance has been
denied; otherwise the cost is $8.50 per report.
For further information, contact Louis P. Stanasolovich, CFP™ at (412)
635-9210 or mailto:firstname.lastname@example.org