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Health insurance for $260 a month

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Health insurance for $260 a month

  1. 1. A HOLISTIC APPROACH TO HANDLING HEALTH CARE Why Health Insurance Is Not Enough
  2. 2. Affordable Health care can be complicated and hard to compare. You should consult a health benefits advisor.
  3. 3. Health Insurance pays for this. Who pays you when you are sick or injured? Doctors Fees Hospital Bills Medications Major Medical Expenses Income Loss Mortgage Living Expenses Credit Card Bills
  4. 4. Medical Bankruptcies Average medical bankruptcy filer: 45 years old, employed, college educated. 40% of medical bankruptcies due to lose of income as a result of medical illness or accident. 6% of medical bankruptcies mortgaged their home. 20% of all medical bankruptcies listed continued prescription drugs and therapy long after the recovery. 61% of all bankruptcy filings are directly related to health care costs. 78% of medical bankruptcies had health insurance coverage.
  5. 5. Entrepreneur, Businessman, Communi ty Volunteer • 40 year-old man • 6 foot tall • 195 lbs • Non-smoker • No pre-existing conditions • Family cancer history • No meds
  6. 6. Health Care Insurance $2,500 Deductible • $35 copay with any physician (specialist included) • $2,500 accident supplement • Prescriptions Coverage • 80/20 Coinsurance $10,000 Deductible • $35 copay with any physician (specialists included) • $10,000 accident supplement • Generic Prescription • 70/30 Coinsurance • Essential Components – Critical Illness Supplement – Accident Hospital Supplement – Hospital Confinement Supplement
  7. 7. What would happen if I ended up here in the Emergency Room?
  8. 8. I am having a heart attack…what do I do now?
  9. 9. Example: Heart Attack: Critical Illness (Out-of-Pocket) Costs $2,500 Deductible • $2,500 Deductible • $2,500 Accident Supplement • Coinsurance 80/20 another $5,000. • 10 day Hospital Stay • Total Out-Of-Pocket $5,000 • NO INCOME PROTECTION • NO CASH FOR HOUSEHOLD EXPENSES • NO CASH FOR MEDICAL EXPENSES NOT COVERED $10,000 Deductible • $10,000 Deductible • $10,000 Accident Supplement • 10 day Hospital Stay • Coinsurance 70/30 another $5,000 ($10,000 +$5,000) • Critical Illness Supplement – $52,500 paid directly to policyholder.
  10. 10. What would happen to me and my business if I fell off these ladders?
  11. 11. Example: Ladder Accident (Out-of- Pocket Expense) • $2,500 Deductible Plan • $2,500 Deductible • $2,500 Accident Supplement • 3 days in the hospital for tests and observations • 80/20 coinsurance another $5,000 out of pocket • $10,000 Deductible Plan • $10,000 Deductible • $10,000 Accident Supplement • 3 days in the hospital for test and observations • 70/30 coinsurance another $5,000 out of pocket • 30% of $25,000 coverage • $2,500 in your pocket
  12. 12. Health Insurance For $200 a Month $2,500 Deductible • $35 copay with any physician • $2,500 accident supplement • Prescriptions • 80/20 Coinsurance • Major Medical $10,000 Deductible • $35 copay with any physcian • $10,000 accident supplement • Generic Prescription • 70/30 Coinsurance • Major Medical • Essential Components – Critical Illness Supplement – Accident Direct Supplement – Hospital Confinement Monthly Premium $180.14 Monthly Premium $180.92
  13. 13. “Life Insurance takes care of your loved ones after you are gone. Health Insurance enables you to enjoy your life with your loved ones.” Cody Randazzo
  14. 14. “The only thing that can change between now, tomorrow, next week, or next year for an affordable health insurance plan for you is your health.” --Cliff DiRoberts
  15. 15. Health Insurance is a lot like an umbrella; it’s only when you use it do you find the holes in it. Review your plan with a health care benefits advisor.
  16. 16. Mike Becko Benefits Advisor Cell (480) 203-6827 Work (480) 350-7597 mbecko@insphereis.com Linked In www.linkedin.com/pub/micha el-becko-mba-lion/1/174/424 Facebook mike.becko@facebook.com

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