The risks of being under-insured
I just came across this rather heart-rending tale of the risks of being under-insured.
Families like the Martins (depicted in the story above) are struggling to make ends meet. I’m hopeful that reform would help families like the Martins afford better health insurance plans. But for now (and pretty much until 2014), families with stretched budgets are very likely to accept the insurance plan offered by one of their part-term employers, even if it is not the plan that is perfect for their family situation. In this case, it came back to bite them, in the form of health bills that they are needing to pay for expenses incurred — about $400/month.
Our recommendation is this — when you’re backed into a corner with a stretched family budget — and you know your health plan is not perfect, please do consider targeted forms of health insurance coverage. An accident medical plan would pay for any medical expenses incurred in virtually any form of accidents. An E.R. plan would pay for E.R. visits. Usually, such plans pay for coverage in addition to your usual health insurance plan. Also, they can be quite affordable, under $50/month.
To your health,
Chini
Posted on Friday, May 28th, 2010 at 11:33 am. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below. Your comments will appear immediately, but the author reserves the right to delete innapropriate comments.