| Sure cheap hospitalization rates open ears, but | | | | outpatient coverage in a matter of life and death |
| major medical coverage policy benefits open | | | | situation, and a choice to cover outpatient |
| eyes. No real comparison exists between cheap | | | | surgery. If a cheap hospitalization policy was |
| hospital insurance and comprehensive major | | | | properly constructed, the rate was near the cost |
| medical except the rates. This is not a true policy | | | | of major medical coverage, and it did not cover |
| benefits comparison. See how to rate the | | | | any benefits outside the hospital. |
| difference of hospitalization benefits paid when | | | | No one should ever buy hospital coverage as a |
| coverage is used. Since major claims are never | | | | gap supplemental insurance if you already have |
| cheap, unpaid medical bills, including outside hospital | | | | major medical, as you are only overlapping |
| services can be a financial killer. | | | | benefits. You could consider buying it as |
| Listen to the television advertisement on how you | | | | supplemental coverage if you cannot afford the |
| can have cheap hospitalization rates of $6.00 a | | | | cost of the higher quality comprehensive plan. |
| day, meaning only $180.00 monthly for a hospital | | | | However, hospital medical plans usually have a |
| policy. How can you beat the rates of as low as | | | | maximum cap for the total benefits that are paid |
| $10.00 daily for family benefits? That calculates to | | | | for a single medical situation or over a lifetime. |
| around $300.00 monthly. My wife pays $800.00 | | | | Major Medical Coverage |
| for her comprehensive major medical coverage | | | | This is medical insurance for inside and outside the |
| with a small co-pay for prescriptions. You can see | | | | hospital with very little exclusion. Some plans |
| that something is wrong here. That is because | | | | require that you pick from an approved list of |
| you are looking at two rate pictures where the | | | | doctors, or the insurer may insist approving your |
| benefits comparison is in no way equal. Compare | | | | doctor's request to see a specialist before |
| the major medical coverage as a whole apple, | | | | expenses are covered. There is a unique feature |
| with the hospitalization policy as a smaller apple | | | | called catastrophic. This means the policy may |
| with a big chunk bit out. | | | | have a maximum lifetime payout of $2,000,000 |
| Cheap Hospitalization Rates | | | | or higher. The purpose of accident and illness |
| First, remember that a hospitalization coverage | | | | insurance is to avoid exposure to a financial risk |
| policy means only providing some benefits for | | | | you could never pay back. |
| expenses that incur during a hospital stay. It is | | | | There is another choice to hospitalization |
| rare that outside services like seeing specialists, | | | | insurance, which you should check out if you do |
| regular physician care, rehabilitation, and | | | | not want to pay bills the rest of your lifetime. |
| examinations like an MRI are covered. An MRI | | | | That is where you receive all the normal |
| detailed scan providing x-ray views can easily cost | | | | comprehensive benefits of major medical after |
| over $1,000 alone. Other drawbacks are that | | | | you decide on a deductible of $2,000 to $10,000. |
| benefits are set on few schedules. This means | | | | Yes, you would be responsible for the initial |
| either there is no payable benefit; there is a limit | | | | amount of satisfying the deductible. After that, all |
| for the service, or a 20% or higher co-pay for | | | | your benefits kick in. The price is extremely |
| surgery and other items. | | | | reasonable. |
| As an agent for a major insurance company | | | | Under this alternative, you could have $85,000 in |
| specializing in medical coverage, they did not even | | | | total charges in and out of the hospital plus |
| offer a comprehensive major medical plan. So | | | | rehabilitation. With the $5,000, deductible you are |
| beware of the difference. Rates are based on | | | | not ruined for life. Most hospitals would take a |
| adding up a number of benefit riders, similar to | | | | $100 monthly payment plan, so in 50 or so |
| starting to build a plan after the base is | | | | months the debt would be paid off. Under the |
| established. The options that factored in the final | | | | cheap hospitalization plan with higher rates, you |
| rate were numerous. They included a maternity | | | | would be stuck with huge unpaid costs. Giving you |
| option, the daily room rate payable for a | | | | a fair estimate on this $85,000 bill, the amount |
| semi-private room, the co-payment for surgery, | | | | unpaid would certainly exceed $25,000. |