Prepare for the Unknown with Alternative or Additional Insurance

health insuranceMy friend recently took his kids to a local mountain resort to enjoy the summer activities in Colorado. They took the chair lift up the slopes to ride mountain bikes back down.

As they were enjoying the scenery, complete with the mountain vistas and wildflowers down the bumpy trail, something unexpected happened. My friend’s front tire hit a rock, causing him to sail head-over-heels above the handle bars. One broken arm and a few stitches later, my friend left the local emergency room with more than a few bumps and bruises. He walked out with a bill for over $1,000.

Luckily, he had accident insurance. He only had to pay $100 out of his own pocket. If he hadn’t had this valuable coverage, he would most likely have paid the entire bill before meeting his major medical deductible.

You don’t have to be as daring as my friend (hurtling down a mountain on two wheels) to experience a costly accident. Just last summer, another friend of mine got a call at work that her son broke his nose on the baseball field. During a college practice on a rugged infield, a line drive ricocheted off a rock – past the glove and smack into the shortstop’s nose. You’d think a bag of frozen peas and some ibuprofen would do the trick, but not for the unfortunate infielder.

X-rays, stitches and a procedure to reset the nose (plus basic office fees) produced a bill of close to $1200. This friend wasn’t as prepared as the mountain biker and was out the cost before meeting her deductible. Her son wasn’t the only one with a nose out of joint!

I am always looking for ways to let people know about the value of boosting your health insurance coverage with additional benefits. They really should be called “necessary” benefits, because sooner or later, you’re more likely to need the coverage than you think.

Supplemental Insurance Saves Money on Ordinary or Serious Health Care

What would you do if you were diagnosed with a major critical illness such as cancer or heart disease? Would you have the money to seek the treatment you need or to continue paying for your living expenses while out of work? Would you be able to afford travel and lodging while seeking alternative treatments?

Critical Illness insurance is something I recommend to all my friends and family. The premiums are low but the benefits are great.

If we had a crystal ball to prepare us for health care emergencies or unwelcome diagnoses, we could be a little better prepared to handle them without the added stress of wondering how we’re going to pay the bills. I encourage you to consider boosting your current or lapsed coverage with additional benefits or alternative ways to bridge the gap before the next open enrollment period begins.

Don’t Go Without Health Insurance Until November!

Short-term health insurance is more popular than ever between Affordable Care Act enrollment periods and can become effective the day after you sign up. In Colorado, you can choose coverage for up to six months. Combine it with an accident plan and you can go about enjoying your summer without worrying about a fly ball!

Check with a licensed, independent insurance agent to add extra coverage to your health insurance protection plan.

  Date posted: Wednesday, July 2nd, 2014
Category: Health Insurance, Lower Medical Costs

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