Error 1: Health insurance is unaffordable:
There are many types of plans available. The Health Savings Account (HSA), and traditional copay type plans are the most popular. How do they compare?
The HSA plan is a high deductible health plan that covers you if there was a catastrophic health event. It does not cover the daily expenses such as buying drugs or doctor visits. Therefore, these plans were more favorable in general andthe premiums are more stable from year to year. When you purchase a high deductible plan, you will limit your financial burden.
The copay type plan offers several advantages over the HSA plan. You first need a copay of typically $ 30 to $ 50 have to consult a doctor. This makes it easy, a doctor, without seeing a big hit in the monthly budget. The misconception is that you a copay, the insurance company, how often do you think go to the doctor.
IfAsk a family to insure that sees a doctor very often, like once or twice a month, the insurance company will lose money because it represents the difference between the amount of copay and the actual level of service available made. They do not like losing money, so they build in a cushion. They assume that you will frequently use your insurance and take the monthly premium is high enough to cover this possibility. Consequently copay plans have not the slightestexpensive way to self-insure - especially if you get a doctor only once or twice a year.
To plan affordable insurance, the purchase of a very high deductible HSA. It offers catastrophic coverage at an affordable price.
Mistake 2: I do not have much to lose:
They have a house, a nice new truck, a relatively new car, but you have no health insurance. It's just a question of priorities. Drive older cars, and you canthen afford health insurance. Why, you say? If I have to go to the hospital, they will take care of me and they are a payment plan. The fallacy here is hospital admission. The hospitals have not, admit it, unless it is an emergency. If you do not expect a hysterectomy, that the hospital admitted her.
Payment plans are offered by hospitals and doctors for whom you work, but what if you have a very expensive procedures such as bypass surgery necessary? These costs are approximately$ 130,000. Do you want to make monthly payments for the next twenty years? As might be expected that you will always be financially sound to bear this burden?
What about bankruptcy? That is no longer an option. The courts have ruled that medical payments are not forgiven by bankruptcy.
They have much to lose. Do not waste your money, we raise a long-term debt and to deny, perhaps, be admitted to a medical facility.
Error 3: All or nothingThink:
If you can not afford a Cadillac, you should not buy a cheap Ford, Chevy or even a Yugo? Yes, you need protection from financial ruin. Consider a $ 10,000 deductible plan. Oh, snap, that's not very good. Where would I $ 10,000? Ok, then what is your deductible, if you have no plan to do the health? It seems to me that your deductible without limit! Just over productive person can be worth 10,000 U.S. dollars over a period of time. It is, however, pay much more difficult toFrom $ 100,000, $ 200,000 or more.
There is a widespread misunderstanding of insurance concept. Insurance will not cover the "little things" should the great events that you can not return from the cover. There is a 1 in 1200 chance that you will lose your house on fire and weather events. Probably you have assured your house because you could not afford to lose your home.
It is a 1 in 30 chance that you will be hospitalized. As you can see, the probability that youhealth insurance need is much greater. Do not be wise to protect themselves.
Summary:
Health Savings Account (HSA) type plans are affordable. Purchasing HSA plans rather than copay plans.
If you go without a health examination schedule, you may incur costs that prevent you your future.
You can not gain entry into the health care you need.
You can not drift into bankruptcy by medical expenses to relief.
A high deductible plan provides aLimit to your expenses. There are almost no limits to your costs if you lan no health risk and will have.
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