Health insurance is a vital component to the financial security of any American citizen. Without it we take the chance of severely and permanently disrupting our financial well-being in the event of a major or catastrophic medical event.
The entire purpose of health insurance is to prevent financial ruin due to a catastrophic medical event such as a heart attack, stroke, catastrophic injury, or any other event that leads to major medical expenses. It is important to choose the correct type of health plan to prevent this financial scenario and it is the job of the licensed insurance agent to help the applicant apply for the best health plan to fit the applicant’s needs.
A major medical policy includes the following:
- Lifetime benefits maximum
- Stop-loss and out-of-pocket maximums
- Policy limitations and exclusions
In soliciting the correct health insurance policy to clients, it is important to research the correct insurance carriers. The most popular carriers provide for national coverage, meaning that they protect the insured anywhere they may travel throughout the U.S. While there are hundreds of insurance companies that offer health coverage, generally it is best to select among the largest, most prominent carriers available. Read More