If you don’t have health insurance, join the ‘club’
If you don’t have health insurance, join the ‘club’
Insurance is risk coverage. It is a payment that one makes to cover you against future dangers. These dangers are unknown and so they a too many. If insurance has wide scope coverage against majority of risks then it is good insurance. Invariably such insurance comes at high cost.
Insurances are of various types. They cover business risks, goods which are in transit, material assets etc. Life insurance or life cover as it is called; covers life of person insured for the specified years and in case of unfortunate demise of the person the beneficiary gets the insured amount. Mortgage insurance is for covering risks of lenders against default in repayment of mortgage loan. Health insurance and critical illness insurance, covers range of expenses in case of insured persons needing medical help, ranging from doctors visits, critical illness, medication, expenses for hospitalization and so on.
Majority of employed people get health insurance from their employer. The problem comes when you loose the job and automatically with that loose your insurance too. COBRA plan is an expensive plan and not affordable to most of those who have lost the job. In such case people tend to go without health insurance and take very high risk.
To find golden mean in such not so good situation, Braircliff Medical Associates in Kansas City, Missouri, have formulated a program called ‘No Insurance Club’. One can join the club at low cost of $480 per year for an individual and $680 for family of any size. Though No Insurance Club dose not cover visit to emergency rooms, hospitalization and specialists it does cover good number of visits to doctors and generic medicine expenses up to reasonable value.
Tags: health insurance