Health Insurance Solutions

Much has been said about the latest developments in the healthcare industry. Politicians continue to quarrel and have no solid plan to change the current plan. Some Analysts believe that if this Trump Administration plan passes the Senate, its proposals will exclude more than 23 million people from coverage by 2026. The Affordable Care Act law was enacted and simply introduced to help the once underserved American people. the type of coverage, get the care he might need in the end. Second, it has helped enough people with pre-existing conditions get coverage. Third, there is the concern of affordability; This is for people who do not have enough money to cover their insurance costs on their own, current law provides financial assistance to those who qualify for government money.

The problem with today’s guidelines is that plans are based on age, geographic location, solvency, the rising cost of medical technology, and taxes. Note that nothing is mentioned about your general health. Until the underwriting process is reintroduced into the equation, insurers will never be able to accurately measure their risks and set premium prices at affordable prices. The message to insurers is that no one should be denied health insurance because of their financial situation or health-related condition.

During this period, the majority of insurance companies, especially those specializing in the healthcare industry, jumped on the bandwagon with lower premiums, knowing that financial aid would be there to help pay for insurance coverage. The schemes were basically conceived and designed to take the money of the American people before paying any compensation. When claims from enough people started coming in, insurers realized that their premiums were kept too low and started to suffer financial losses. It is no coincidence that today, as consumers, we hear about the withdrawal of major healthcare carriers from the market and are no longer eager to participate in the upcoming 2018 season under the ACA format.

See also  Why Are Health Insurance Premiums Increasing After the Patient Protection and Affordable Care Act?

The solution for consumers is to educate ourselves and have a good understanding and not listen to all the rhetoric in the media. We need a package of insurance products that will benefit us in case of certain types of losses. Whether it is loss of life, inability to work for a certain period of time, or deterioration of health, our money needs to be protected at reasonable rates. Do this now while you are still healthy with the right life and health insurance plans; Insurance is key.

There are more than enough life and health insurance companies that offer benefits to protect your money. They never got into this affordable maintenance dilemma. Insurance is still sold today, led by the individual’s risk factors. Whether such plans are accident, cancer, critical illness, dire illness, hospitalization, preventive care and wellness, also known as MEC (minimum basic coverage) or life insurance policies, and will always be available.

The Affordable Care Act is a good law that should be reviewed and not changed. In today’s environment of government uncertainty, why listen to such chaos? “People die from lack of knowledge.” Hosea 4:6a. Now that this knowledge has been given to you, do not perish; Encourage and do what is right for your family and finances.

About Lily Hammond

I have been working as an insurance consultant in my own insurance agency since 1998. Because I've been doing this for so long, I know every detail and I'm here to help you. You can find my e-mail address and work phone on the contact page.

Leave a Reply

Your email address will not be published. Required fields are marked *