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After reading this article you will become health insurance expert. You will be able to teach your broker about health insurance. Health insurance is simpler to understand than you think. There are only about three most important things to know about health insurance. The most important thing is the one that is over looked the most.

Let’s think about it for a minute what could be the most important thing when it comes to Health Insurance. When I asked someone that question I usually get responses like deductible or co-pay to go to a doctor. Well not quite… there is one thing its the reason you have health insurance in the first place. Ask your self this question. Why do you really have health insurance?… Let’s take a look at some facts. Based on IRS Census number one reason for bankruptcy in the United States is medical bills, specifically the ones over seventeen thousand. Then number one reason to have health insurance is to protect your self from medical bills that are over seventeen thousand. We do not have to be that extreme. We can just say to protect you from anything that is out of your budget. There fore health insurance is designed to protect our self’s from large unexpected medical bills. In fact about twenty to thirty years ago all the health plans only really were designed to protect us from large medical bills. Most plans did not cover things like doctor visits, physicals, lab work and etc… No one ever went bankrupt because they could not pay their doctor visit bill.

Here is why we have health insurance plans that cover doctor visits and other small things. Back then insurance companies were competing for business from large companies and they wanted to offer benefits that would appeal to large companies and their employees. There fore they started adding things like coverage for doctor visits. It would be the same as having car insurance and having car insurance pay for things like oil changes, break downs, anytime you need a part for your car the insurance company would just pay for it. It doesn’t make any sense does it? The car insurance companies will just charge you a lot more money for coverage like that. That is exactly what is going on with health insurance. We are used to corporate plans where plan covers everything and all we would pay for is a small co-pay of like $10. Now these same plans are bankrupting the large companies as they are getting huge rate increases. I recently heard that part of every GM car there is about $1500 worth of health insurance expenses, in every car. Read more of this >>