Catastrophic Major Medical Insurance
Catastrophic major medical insurance can be very important for people who are in a major accident or develop a major illness. This coverage, in addition to normal health coverage, does not cover all expenses. It is very important for consumers to read all the terms of service when shopping around for catastrophic medical insurance. Before even starting the hunt for such coverage, consumers need to have a full understanding of what their regular medical coverage will cover. This will help them determine where the 'holes' are in the regular coverage. These 'holes' should be covered with catastrophic major medical insurance. Not everything will be covered, but consumers should make sure the major things like hospital stays, medical treatments, and emergency services are covered with the plan.
As with deciding on any type of policy, the policyholder needs to make sure and fully understand all the terms in the coverage. A representative with the insurer can answer any questions or explain any stipulations of the policy. The last thing anyone wants to do is have to pay big bills. It might even be a good idea to involve a third party in their decision. This person will be familiar with catastrophic medical insurance while keeping their best interest at heart.
Deciding to have such a policy should be a decision that is well thought out. The cost can be high for catastrophic medical insurance, but if the policy holder doesn't have it and needs it, the costs will be higher. It is a personal financial choice that needs to be reflected upon. Having a full understanding of the risks involved if one doesn't have catastrophic major medical insurance should not be the most important deciding factor. If the consumer cannot continue to live a comfortable lifestyle because they have to pay for the coverage, then they need to either reassess their whole budget or reassess the need for catastrophic medical insurance.
God calls us to be wise with our earthly possessions and wealth. This is His test to us of whether we are worthy for heaven. This is not to say that if one makes some mistakes God won't accept them. After all, God is the one "Who forgiveth all thine iniquities; who healeth all thy diseases" (Psalm 103:3). He does give lots of advice and sets specific financial rules in the Bible. Taking time to look over these principles should help anyone make a decision concerning catastrophic major medical insurance.
Major medical health insurance is a policy that covers most medical expenses that are incurred by a family. There can be restrictions with major medical insurance policies with various limits, but most of these programs provide health care for extreme cases of illness with major illness expenses, including hospitalizations. Most of these programs with policies have deductibles and co-pay options to make the coverage more affordable.
With today's medical expenses, no one can afford to be without some sort of protection that will help to meet the cost of serious illness or injury. Major medical health insurance polices are policies that protect family members from spending hundreds of thousands of dollars in cases of extraordinary illness situations. While most large corporations offer their employees this coverage as a benefit, there are thousands, perhaps millions, of Americans who have no major medical insurance coverage. There are many reasons that a family or individual may not have this coverage, often, small businesses do not extend health coverage benefits to employees. However, making sure that your family is financially covered, should there be a major illness or accident, is important. Finding affordable coverage for individuals and families is possible and families can research various options to discover the best program for their unique health needs.
The choices available have never been more varied. There are many different options for major medical insurance plans available. There are HMO and PPO policies and other group insurance plans available through different major medical health insurance companies. Experts advise that consumers research many different plans and companies before deciding on a course of action. There can be discounts available through various organizations such as professional organizations, labor unions, and clubs. The Internet can offer the information needed to thoroughly research these policies and prices. The Internet also provides a prime source of price comparison-shopping for these policies.
Understanding what a family needs in the way of protection is crucial. Once a family decides on a major medical health insurance program or policy, it is important that the provisions of the policy be fully understood. Take the time to speak with the agent or representative with the health coverage company. Most major medical insurance policies have a grace period, offering a cancellation should the insured determine that the policy is not acceptable within ten days. Insurance can be difficult to understand and shop, so take your time in determining the best possible plan for your over-all health care and take the time to pray about your decision. God is interested in the small details of our lives, just as He is interested in the large decisions. "Rejoice evermore. Pray without ceasing." (1 Thessalonians 5:16-17)
High Deductible Health InsuranceHigh deductible health insurance provides coverage after the policyholder pays an established portion of the medical expenses first. This is a great type of coverage if a person seldom needs the services of a doctor or hospital. High deductible medical insurance is also an inexpensive option for employers who would not be able to afford coverage for their employees. Often times this is less expensive then plans with a lower deductible. Policies of this nature are not for everyone but they can help many individuals and families pay for their healthcare expenses.
Employers, to help offset the high deductibles, can set up a non-taxable medical savings account for their employees so they can afford this coverage. These non-taxable savings accounts are established so the employer and the employee can contribute money to the account. When the money is not used towards high deductible medical insurance or other healthcare costs, at the end of the year the amount of money in the account can be used in the next year. The accounts can help pay the deductibles as well as pay for prescriptions, medical supplies to manage diabetes, oxygen, or the supplies needed to treat sleep apnea. In addition, the savings account will help until the high deductible health insurance will pay for chronic and acute healthcare services.
This type of policy or plan is usually very inexpensive for the consumer and the employer. High deductible medical insurance is often a program that many small business owners, small non-profit organizations, or individuals who are self employed purchase. High deductible health insurance is a great way for employers to save money but it is not always the best plan for people who need frequent care. A good feature of this coverage is that once the high deductible is met, the insurance will cover all of the medical expenses without the individual having to pay co-pays.
Having medical coverage, regardless of the policy, is a great way to protect a person and their family. Having high deductible health insurance protects the individual financially in a crisis that requires a great deal of care. While these plans can be very useful, the best way to protect loved ones is to have faith in God for protection and care. Teaching children from a young age about the love, care, and healing powers of Jesus Christ will be a much better way to protect them from emergencies and other negative situations. "I am come that they might have life, and that they might have it more abundantly." (John 10:10)
Catastrophic health insurance is a basic medical policy that covers extreme emergency situations and is the perfect way to financially guard against any tragic event. Most emergencies of this nature potentially require many medical specialists, extended period of hospital stay, as well as transportation costs between medical facilities. All of these services are extremely expensive and could financially devastate anyone involved. Acquiring a catastrophic medical insurance policy can protect an individual and their loved ones in the event of a disastrous crisis.
This is also a great type of insurance for international travelers. If someone frequently travels overseas on mission trips, vacations, to visit family and friends, or on business, they may want to purchase additional catastrophic medical insurance that will provide assistance in the event of a health crisis away from home. If the individuals intent when buying catastrophic health insurance is for international coverage, they should make sure that the policy will work outside of the United States. They may also want to check out their current comprehensive coverage to make sure that they do not already have international coverage for unexpected emergencies of this magnitude.
A plan to cover major catastrophes will give a person peace of mind knowing that, financially, all of their medical bills will be paid. Anyone can purchase this type of health coverage alone or as an add-on to their current policy. Catastrophic medical insurance is typically less then comprehensive coverage, but often provides less benefits as well. This type of plan will not cover chronic health maintenance costs except for chronic illnesses or injuries resulting from a catastrophic event. With so many natural disasters and other emergency situations that can occur, it is very important to at least research this coverage to determine if it is necessary or not.
For a person, being able to protect themselves and loved ones is a major responsibility and of utmost importance. Owning a catastrophic health insurance policy is one of the many ways to protect do this in the event of a medical crisis. It is important not only to be prepared but rely and trust in God when moments of crisis arise in life. God promises in His Word that He is a person's helper and that He will never leave them. A promise of protection and care is greater than any type of health coverage including catastrophic medical insurance. "Behold, God is mine helper: the Lord is with them that uphold my soul." (Psalm 54:4).