The number one reason for bankruptcy in the U.S. is because of medical expenses. It is obvious that medical expenses are constantly increasing and a simple medical procedure in a hospital can costs thousands of dollars. A heart attack, a major surgery or a serious illness can easily costs hundreds of thousands of dollars. Most people cannot afford the high costs of unplanned medical expenses. Health Insurance helps you manage your risks and pay for the expenses that normally would bankrupt you.
Health Insurance can protect you from these unexpected risks and expenses. For most individuals and families the best type of health insurance is a Major Medical Policy. It is designed to pay for major expenses but not every expense. A person will choose an annual deductible amount that must be paid by the insured before the insurance policy begins to pay. Normal deductibles are $500, $1000, $2500, $5,000 or even more.
Another option for some people would be to enroll in a HSA (Health Savings Account). This allows a person to establish a high deductible plan, place the savings in an account thus saving on the cost of insurance but providing for insurance for catatrosphic procedures.
We would be glad to share with you and help guide you in selecting the health product that best fits your needs.
Although we shop a variety of Health Insurance companies, most of our clients choose Blue Cross Blue Shield of Oklahoma. To fill out an application for Blue Cross Blue Shield of Oklahoma, just click on the BCBS button below.