Save Money on Health Insurance!

Recently, critical illness protection insurance has been heavily promoted by the insurance industry and financial consultants.  Is this supplemental type of health insurance a passing fad or really necessary? Do you need critical illness protection insurance? In order to answer that question, consider these statistics: Nearly one in five Americans will become disabled for a year or more before the age of 65 – U.S. Census Bureau, 2010 Working age people are more likely to become disabled than die prematurely, even though twice [...]

As healthcare costs continue to rise (8.5% in 2011 and an estimated 8.5% in 2012, according to PricewaterhouseCooper’s Health Research Institute), how can you find low cost medical insurance? Since health plan premiums are a function of the underlying cost of healthcare, the cost of individual medical health insurance will continue to increase too. If you are searching for tips to secure low cost medical insurance, then please read on. The PricewaterhouseCooper’s survey also revealed that high deductible health plans will [...]

Almost everyone knows someone who has suffered a critical illness and physically survived. Medical conditions that were once considered fatal are now treatable due to advancements in modern medicine. Survival rates are definitely up, as advanced medical technology increases an individual’s chance of recovering from a critical illness. For example, cancer survival rates have increased from 53% in the mid 1980′s to 65% in the period of 1999-2007 thanks to early detection and improved treatment methods. These enhancements, however, carry [...]

Although medical insurance plans cover healthcare expenses relating to a critical illness, there are still many other expenses that are not covered, such as: Medical insurance copayments, deductible and prescription drugs Out-of-network treatments Non-covered “experimental” treatments Home health care Cost of caregivers Travel to treatment centers Lost income or wages Mortgage or rent payments Utility payments and other household bills Dependent care expenses A critical illness insurance plan pays a “living benefit” upon the first diagnosis of a covered condition, [...]

The chance of surviving a critical illness before age 65 is almost twice as great as dying, according to the National Center for Health Statistics. In 2007, illness and healthcare expenses contributed to 62% of personal bankruptcies. Of these, 60% were individuals who had some form of medical insurance. While advancements in modern medicine have resulted in increased survival rates, 9 out of 20 patients suffering frοm severe injury mау nοt return tο work.  Chances are you probably know someone who [...]