What Is MIB (MIB (Medical Information Bureau))?

Why it matters

Carriers use MIB to confirm answers and flag conditions. It is not a full medical record. You can request your own MIB consumer file and dispute errors. A hit does not mean a decline, but a mismatch with your application can cause delays or problems. Rules and reporting vary by carrier.

Source: mib.com

Where we use this term

Related terms

MIB Code: A MIB code is a short number that stands for a medical condition or other risk fact reported by a carrier to MIB. Other member carriers see the code, not full medical details.
Underwriting: Underwriting is the process a carrier uses to review an application, judge the risk, and decide whether to offer coverage and at what price. It looks at health, age, habits, and history.
Health Questions (Knock-Out Questions): Health questions are the application questions a carrier asks about medical history. Knock-out questions are the ones where a yes answer makes the applicant ineligible for that plan.
Prescription History Check (Rx) (Rx): A prescription history check is an underwriting step where the carrier reviews a database of past prescriptions filled by the applicant. It helps confirm health answers and find conditions.
Underwriter: An underwriter is the carrier professional or automated system that evaluates an application and decides whether to accept it, rate it, postpone it, or decline it.

All 241 terms

MIB (Medical Information Bureau) (MIB)

Why it matters

Where we use this term

Start your climb.