Navigating the Health Insurance Landscape by Robert Adziashvili - HTML preview
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Navigating the Health Insurance Landscape
7. Fixed Indemnity Insurance: Example 1 Rec en t l y, Jo hn had t o be admi tt ed t o a ho spi t al due t o a heal t h c o n c ern . Luc k i l y, he had c ho sen a n et wo rk ho spi t al , whi c h t urn ed o ut t o be a smart mo v e. O n e o f t he great ben efi t s o f bei n g i n a n et wo rk ho spi t al i s t he av ai l abi l i t y o f di sc o un t s. Than k s t o t hese di sc o un t s, Jo hn di dn 't hav e t o wo rry abo ut t he sk y-hi gh medi c al bi l l s t hat usual l y c o me wi t h ho spi t al st ays.
But i t get s ev en bett er. Jo hn 's i n suran c e pl an al so pro v i des fi xed ben efi t s fo r spec i fi c serv i c es. Thi s mean s t hat n o t o n l y were hi s ho spi t al expen ses c o v ered, but ev en hi s t i me spen t i n t he i n t en si v e c are un i t ( ICU ) an d t he mi n o r surgery he n eeded were pai d i n ful l by t he i n suran c e c o mpan y. Tal k abo ut peac e o f mi n d!
What 's i mpressi v e i s t hat Jo hn 's mo n t hl y premi um fo r t hi s In demn i t y In suran c e pl an i s t hree t i mes l o wer t han what majo r medi c al pl an s usual l y c o st . S o n o t o n l y i s he sav i n g mo n ey, but he's al so gai n i n g ac c ess t o a t o p-n o t c h n et wo rk o f heal t hc are pro v i ders. Thi s mean s t hat Jo hn c an rec ei v e t reat men t fro m so me o f t he best do c t o rs an d spec i al i st s i n hi s area, en suri n g he get s t he hi ghest qual i t y c are po ssi bl e.
In si mpl e t erms, Jo hn has made a wi se dec i si o n by o pt i n g fo r an In demn i t y In suran c e pl an . It o ffers hi m c o mprehen si v e c o v erage, i n c l udi n g ho spi t al st ays, ICU expen ses, an d ev en mi n o r surgeri es. Pl us, t he c o st o f hi s mo n t hl y premi um i s si gn i fi c an t l y l o wer c o mpared t o majo r medi c al pl an s. An d l et 's n o t fo rget t he c herry o n t o p – ac c ess t o a n et wo rk o f o ut st an di n g heal t hc are pro v i ders.