Lack of health insurance coverage is a problem that has afflicted many low-income Americans for decades, and has spread to an overwhelming majority of Americans given the recent turbulence in our economy. In 2009 it was estimated that 50.7 million Americans had no health insurance, which is approximately 16.7 percent of the population.
With unemployment in the United States at over 10 percent, the highest rate in 25 years, Americans are in dire need of affordable health insurance coverage. Transitional employees who cannot afford the expense of staying on their previous employers health plan through COBRA (monthly payment of the full premium plus 10 percent) have the struggle of deciding to spend more of their savings on costly major medical insurance or go without insurance – and take on the risk of having an accident or needing emergency care. Luckily there are short-term health insurance options with low-monthly prices, and discounts on upfront payment coverage.
Gaps in health insurance coverage can pose huge financial and logistical problems. For those persons without coverage, trying to access health services when sick or addressing chronic medical problems is difficult when faced with the high cost of medical services.
One reason health care costs are so exorbitant is due to a domino effect – lack of insurance coverage means many Americans forego preventive care or do not treat early symptoms. Response to abnormal health results is expensive and many times caught in a dire stage. Emergency care is common in those adults and children who don’t have coverage, resulting in large medical bills, and sometimes long-term credit woes.
Short-term medical insurance provides the insured health care benefits for the transition period between jobs. Low monthly payments for coverage from one to 12 months allows people the freedom to see a physician during periods of unemployment.
In a limited benefit medical plan there are no deductibles or coinsurance levels to meet. The application status is easy and the multiple payment methods makes this insurance option attainable for part-time, hourly or seasonal workers. Limited benefit medical insurance plans are recommended for employers with over five employees. The flexible plans ensure clients get the best plan for their organization.
The limited benefit medical plans have set rates for doctor visits, surgical inpatient, outpatient stays and preventive, diagnostic and advanced care studies. These set costs make obtaining health care easier.
People who find that they spend very little in annual health care costs and don’t visit a doctor often but want protection incase a catastrophic event occurs, may find the benefit in this health insurance option. The fixed hospital costs per illness or injury give the insured a sense of security in knowing that they can get care without facing a world of debt upon release.
Taking financial responsibility for the health of you and your family, at a lower cost, will alleviate the already stressful time of unemployment.
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