What is the MIB and what can I do about it?
If you've applied for health insurance you've probably heard about the MIB or Medical Information Bureau. When you apply, they check your health history against MIB records fairly automatically. If you've had trouble getting accepted for health or life insurance or disability insurance, you may get a notice that you've been declined or need an APS (attending physician statement) because of information on the MIB.
If this sounds like a credit report, it sounds like that to me too! The same good advice to check your credit report for errors, would apply to the MIB. Here's how you can check your MIB information for free.
Here's the About Me From the Official MIB Website:
MIB Group, Inc. ("MIB") is an association of over 500 U.S. and Canadian life insurance companies providing information and database management services to the financial services industry. Organized in 1902, MIB's core fraud protection services protect insurers, policyholders and applicants from attempts to conceal or omit information material to the sound and equitable underwriting of life, health, disability, and long term care insurance. Fair pricing of insurance products is largely dependent on accurate "risk assessment", "risk classification", and "risk selection". A determination of these factors begins with the assurance of accurate health information supplied on the insurance application concerning the proposed insured.
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