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I just happened to come across this Time magazine cover over the Memorial Day weekend when I visited my in-laws.
So You Think You're Insured
The cover article discusses various health insurance policies that people buy that offer less coverage than many consumers expect. I agreed with a lot in the article. The author seems to think, however, that a $1,000 deductible is too big. That is a little yesterday in my opinion.
I have noticed that certain insurance companies, even some that offer good coverage with their other policies, can also offer pretty crappy ones.
I noticed recently that Aetna has a plan with a $5 million lifetime maximum but a $50 k annual cap. What's hospital care for a heart attack cost in your town? Is $250,000 a little closer to the mark than $50,000?
It really muddies the water when companies that also offer substantial policies that I would sell to a family member also sell crappy policies that won't cover you for the big stuff.
One time I purchased an off-off brand tape player. I brought it home and realized that there was no rewind button. There was nothing on the box that promised a rewind button. However, I expected one and felt ripped off.
When insurance policies don't cover what people expect whether or not they are legal, people who have big expenses can get #$@^ed and they can't just drive back to Wal-mart and ask for their money back.
I've decided not to promote policies with:
So You Think You're Insured
The cover article discusses various health insurance policies that people buy that offer less coverage than many consumers expect. I agreed with a lot in the article. The author seems to think, however, that a $1,000 deductible is too big. That is a little yesterday in my opinion.
I have noticed that certain insurance companies, even some that offer good coverage with their other policies, can also offer pretty crappy ones.
I noticed recently that Aetna has a plan with a $5 million lifetime maximum but a $50 k annual cap. What's hospital care for a heart attack cost in your town? Is $250,000 a little closer to the mark than $50,000?
It really muddies the water when companies that also offer substantial policies that I would sell to a family member also sell crappy policies that won't cover you for the big stuff.
One time I purchased an off-off brand tape player. I brought it home and realized that there was no rewind button. There was nothing on the box that promised a rewind button. However, I expected one and felt ripped off.
When insurance policies don't cover what people expect whether or not they are legal, people who have big expenses can get #$@^ed and they can't just drive back to Wal-mart and ask for their money back.
I've decided not to promote policies with:
- less than a $5 million lifetime cap
- hospital only coverage
- annual caps
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