Navigating the Health Insurance Landscape by Robert Adziashvili - HTML preview

Navigating the Health Insurance Landscape

7. Fixed Indemnity Insurance: Example 2

Meet Fran k , a fri en dl y an d en erget i c 4 1 -year-o l d man who rec en t l y fo un d hi msel f i n n eed o f a surgi c al pro c edure. Luc k i l y, he had a sho rt -t erm heal t h po l i c y t hat pro v i ded c o v erage fo r hi s surgery an d a t hree-day ho spi t al st ay. Ho wev er, t here was a c at c h: Fran k had a heft y $1 2 ,0 0 0 deduc t i bl e spec i fi c al l y fo r surgi c al pro c edures. U n derst an dabl y c o n c ern ed abo ut t hi s subst an t i al expen se, he dec i ded t o expl o re o pt i o n s t o ease t he fi n an c i al burden .

Aft er c areful researc h, Fran k di sc o v ered a v ery affo rdabl e Fi xed In demn i t y pl an t hat wo ul d hel p o ffset t he c o st o f hi s deduc t i bl e. Thi s pl an was desi gn ed t o pro v i de a fi xed ben efi t amo un t fo r c ert ai n medi c al serv i c es, i n c l udi n g surgi c al pro c edures. Wi t h t hi s i n mi n d, Fran k fel t mo re at ease k n o wi n g t hat he c o ul d rel y o n t he Fi xed In demn i t y pl an t o assi st hi m i n c o v eri n g hi s deduc t i bl e expen ses.

As Fran k pro c eeded wi t h hi s surgery, he fel t rel i ev ed k n o wi n g t hat hi s i n suran c e wo ul d t ak e c are o f t he c o st . Than k s t o hi s Fi xed In demn i t y pl an , t he i n suran c e c o mpan y c o v ered n o t o n l y t he surgery i t sel f but al so hi s t hree-day ho spi t al st ay an d o t her n ec essary t reat men t s. Thi s pro v i ded hi m wi t h peac e o f mi n d duri n g hi s rec o v ery, al l o wi n g hi m t o fo c us o n hi s heal t h an d wel l -bei n g wi t ho ut t he added st ress o f mo un t i n g medi c al bi l l s.