If you’re planning to purchase private medical insurance, you must know that you have the option of not disclosing some of your personal details. There are two diverse ways a private medical insurance company will look at you as a potential client. The first involves a medical history declaration. In this scenario, you have to fill up a form that requires you to divulge all of the details of your past medical history.

When you fill in a medical history declaration, it’s vital that you give all of the information that the insurance company asks for or else you’ll surely encounter trouble when the time comes you need to file a claim. This kind of declaration also allows the insurance company to provide you a private medical insurance policy that will cover future problems while excluding medical problems that have existed in the past.

The second type of application is popularly known as moratorium. A moratorium doesn’t oblige you to give out the details of your medical history. Instead, the insurance company just excludes any medical condition you may have had over the past five years. In the long run however, these problems can become eligible to be covered, but only if you don’t have any recurrences for a period of time, usually a couple of years.

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