Hidden Health Insurance Costs
On top of your hefty insurance premium that you pay for each month, there are actually more costs that can come into play if you ever need to use your coverage for medical services. There are co-pays and deductibles for emergency room visits, ambulance transportation, urgent care visits, hospitalizations, surgery and physician charges, physical therapy, certain exams, x-rays, and medications administered within a medical center.
If your child were to break their ankle at a sports game, or you were to shatter your wrist in a car accident, you're looking at $3,000 minimum depending on the injury. Accidents happen every day where emergency medical services are needed. In fact, 60% of bankruptcies are due to unexpected medical bills. So how do you minimize these financial risks?
The answer is supplemental accident coverage. You can add this to your regular health plan, or you can use it as stand alone coverage. The great thing about this option, is that it's affordable for the average person, coming in as low as $20 a month. These plans will cover up to $10,000 in medical expenses for any of the services listed in the first paragraph. You can also add an additional $10,000 for critical illness coverage. This includes heart attack, stroke, and invasive cancer.
Accident plans are not commonly thought of when it comes to health insurance, but they can save you a lot of grief on your finances when the unexpected occurs. You can learn more about them in this video, or you can ask one of our agents about them at 770 945 5261.