With the economy being what it is today, many people are concerned with the expense of life insurance. Is it necessary to have health insurance? Those seem appropriate questions to ask especially for young people. After all, if you’re only in your 20s, you aren’t always thinking about the future and the implications from not having insurance.
When you’re young, it seems that you view the cost of life insurance and health insurance as “rip offs,” a way for insurance companies to take your money and give you nothing in return. It’s only when you begin to approach middle age or have children that the reality sets in. You need life insurance to take care of your family when you die, and you need health insurance to take care of them while you are still around. That doesn’t mean that you don’t have a choice in how much you pay in premiums.
Each of us has been faced with the dilemma of asking ourselves the question, “How costly is health care insurance today?” The worst part is that health care costs are skyrocketing causing some individuals to have to pay premiums as high as $700 per month, or even more for a family coverage plan. It appears that in today’s economy, people can’t afford health insurance and can’t afford to be without it, either. Health insurance is a Catch 22 situation. You can’t live with it, and you can’t live without it.
What is the answer to the increasing costs of health care? Some believe that it’s based upon the number of malpractice lawsuits that face doctors and hospitals, but that is more than likely only a small portion of the problem. In many places, there are no county hospitals, so the private sector must pick up the tab for the indigent patients who have no health care and don’t qualify for state assistance.
Before purchasing insurance, there are several important questions to ask your health care provider. There are also questions to ask your health care insurance company. This article describes five of the most important.
#1. How does my health care insurance stack up compared to other health care insurance policies?
If you have a good working relationship with a doctor’s office, this is one of the most important questions to ask your healthcare provider. Some doctors work very closely with insurance companies and can tell you which ones pay fast and which try to find an excuse to deny every claim, which will approve much needed tests and which will not. Read the rest of this entry »
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