altrua health

altrua health

Deficiency of health insurance Policy for over 41 million
Americans is one of the country’s most pressing problems. While most older Americans have coverage through Medicare and almost two-thirds of non-elderly
Americans receive health coverage through employer-sponsored plans, many
employees and their families remain uninsured because their employer does not
provide coverage or they can’t afford the price of coverage. As a result, millions of Americans without
health insurance policy face adverse health consequences because of delayed or
foregone health care and expanding coverage to the uninsured has become a
federal priority. – (Information obtained from kff.org)

The number of people that have been forced to go without health

Insurance is nothing less than a crisis in this country today. We’ve become a vicious cycle during the last few decades where health insurance
premiums have become too expensive for even a middle-class household to manage.
This, in turn, results from the inability of the uninsured to cover medical expenses which often times results in the financial ruins of the family, and consequently leads to the continuing loss of income from the health care community, which in
turn drives the cost of health expenses greater, finally cycling back to the insurer which then has to induce the premiums of health insurance greater to help pay the rising cost of health care.

Many proposals have been pitched by politicians on

Both sides of the isle which range from socializing health care comparable to The Canadian system into endorsing health savings accounts and cracking down on
frivolous lawsuits against the health care community. Many of these suggestions have
good points, but along with whatever good points, they attract they also bring
key downfalls. For instance; a socialized national health care program would
remove the need for health insurance entirely as well as the price would be
obtained on by taxation, which in concept doesn’t look like a lousy idea. On the other hand, the
downfalls to this system comprise a shortage in fresh doctors willing to get in the field due to the inevitable decline in income while the requirement would grow
because of no personal obligation. In short, if people didn’t have to fret about deductibles or copays that would normally keep the individual from seeking
medical treatment for minor matters, they would simply go to the doctor every
time they had an ache or pain. So today we must await lines for those who have major health problems since everyone is scheduling a consultation while at the
same time we are losing doctors because of insufficient incentive.

altrua health

The present battle cry from the Republican Bush administration
Is to drive HSA’s (Health Savings Accounts) which reduce the premium by choosing a
less costly high deductible health insurance plan with a tax deduction that a savings account that earns a small interest on the side which you contribute to
along with your premiums each month. Any cash is withdrawn in the savings
account for qualified medical expenses are accepted”tax-free”, and
also unlike a flex spending account just like a lot of men and women are familiar with in employer
based plans, you don’t lose the money you put in the account that you don’t
use. Essentially, if you never used some of that cash in the savings account you
could withdrawal or roll it over into another vehicle as soon as you turn 62 1/2
penalty free to be used for retirement. This is a viable solution for some
people, nevertheless for many the premiums for those plans are still too pricey,
and the problem remains that in the event that you need major treatment from the first few years
of the coverage, you will not have a big enough amount from the savings account to
help pay the openings leaving that person accountable for a large part of the
cost out of pocket.

Now we come to what I think is among the biggest problems
From a medical insurance agent’s standpoint, which is the inability for
men with preexisting health conditions to obtain policy. From the quantity of individuals that contact my office searching for health insurance policy, I
would need to say about half of these have a health condition which will
either cause an insurer declining that person application, or
lead to an amendment rider that essentially excludes coverage for any claims
related to this condition. An example of a state that I run across
constantly is hypertension or higher blood pressure. This condition will
occasionally lead to a company declining an application all together if other
factors are included, but most commonly lead to an amendment exclusion
rider. You may think that this isn’t that big of a deal, after all, blood
pressure medication is about the only thing they’d need to cover out of
pocket, but what a lot of don’t see is that this rider will exclude
ANYTHING that may be considered part of this illness including heart
attacks, strokes, and aneurysms which would all result in a huge out of pocket
case. Consider the fact that my father had a double by-pass operation recently
that ended with a last charge of around $150,000. This entire amount would
have had to come out of pocket had he had a gas driver on his health
insurance plan, not to mention the extra price of two months from work thrown
into the mixture.

So what how can we fix this issue? Evidently, the proposals

Thus far have been flawed from the start, and even though one of these plans
gained support from the American people odds are it might never be passed
to law simply due to political infighting. 1 side wants to keep healthcare privatized while another needs to socialize it, which as we discussed earlier both have upsides and downsides. It seems that we’re doomed on this issue and
there is not any real thoughts or mild at the of this tunnel right? Maybe not, let me
inform you about a client I had in my office a year or two back.

A young woman came in needing to compare health insurance.
Plans to see whether there were any choices for her or his family

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