Cheap Hospitalization Insurance Rates Versus Major Medical Coverage Policy Benefits Comparison

Sure cheap hospitalization rates open ears, but major medical coverage policy benefits open eyes. No real comparison exists between cheap hospital insurance and comprehensive major medical except the rates. This is not a true policy benefits comparison. See how to rate the difference of hospitalization benefits paid when coverage is used. Since major claims are never cheap, unpaid medical bills, including outside hospital services can be a financial killer.

Listen to the television advertisement on how you can have cheap hospitalization rates of $6.00 a day, meaning only $180.00 monthly for a hospital policy. How can you beat the rates of as low as $10.00 daily for family benefits? That calculates to around $300.00 monthly. My wife pays $800.00 for her comprehensive major medical coverage with a small co-pay for prescriptions. You can see that something is wrong here. That is because you are looking at two rate pictures where the benefits comparison is in no way equal. Compare the major medical coverage as a whole apple, with the hospitalization policy as a smaller apple with a big chunk bit out.

Cheap Hospitalization Rates

First, remember that a hospitalization coverage policy means only providing some benefits for expenses that incur during a hospital stay. It is rare that outside services like seeing specialists, regular physician care, rehabilitation, and examinations like an MRI are covered. An MRI detailed scan providing x-ray views can easily cost over $1,000 alone. Other drawbacks are that benefits are set on few schedules. This means either there is no payable benefit; there is a limit for the service, or a 20% or higher co-pay for surgery and other items.

As an agent for a major insurance company specializing in medical coverage, they did not even offer a comprehensive major medical plan. So beware of the difference. Rates are based on adding up a number of benefit riders, similar to starting to build a plan after the base is established. The options that factored in the final rate were numerous. They included a maternity option, the daily room rate payable for a semi-private room, the co-payment for surgery, outpatient coverage in a matter of life and death situation, and a choice to cover outpatient surgery. If a cheap hospitalization policy was properly constructed, the rate was near the cost of major medical coverage, and it did not cover any benefits outside the hospital.

No one should ever buy hospital coverage as a gap supplemental insurance if you already have major medical, as you are only overlapping benefits. You could consider buying it as supplemental coverage if you cannot afford the cost of the higher quality comprehensive plan. However, hospital medical plans usually have a maximum cap for the total benefits that are paid for a single medical situation or over a lifetime.

Major Medical Coverage

This is medical insurance for inside and outside the hospital with very little exclusion. Some plans require that you pick from an approved list of doctors, or the insurer may insist approving your doctor's request to see a specialist before expenses are covered. There is a unique feature called catastrophic. This means the policy may have a maximum lifetime payout of $2,000,000 or higher. The purpose of accident and illness insurance is to avoid exposure to a financial risk you could never pay back.

There is another choice to hospitalization insurance, which you should check out if you do not want to pay bills the rest of your lifetime. That is where you receive all the normal comprehensive benefits of major medical after you decide on a deductible of $2,000 to $10,000. Yes, you would be responsible for the initial amount of satisfying the deductible. After that, all your benefits kick in. The price is extremely reasonable.

Under this alternative, you could have $85,000 in total charges in and out of the hospital plus rehabilitation. With the $5,000, deductible you are not ruined for life. Most hospitals would take a $100 monthly payment plan, so in 50 or so months the debt would be paid off. Under the cheap hospitalization plan with higher rates, you would be stuck with huge unpaid costs. Giving you a fair estimate on this $85,000 bill, the amount unpaid would certainly exceed $25,000.

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Being Prepared For Hospitalization

Most people would not think of undertaking a rigorous physical activity, such as running a race or playing competitive tennis, without first taking steps to prepare themselves for the stress and special stamina that the activity will require.

While we certainly don't think of going into a hospital for an extended stay as a sporting event, it actually can present many of the same physical and mental challenges as a grueling athletic event. As importantly, it's often possible to do "training" for your hospital stay to ensure that you're in the best shape to weather whatever your hospital experience and subsequent recuperation may require of you.

Of course, while there are many times when a hospital stay will be unexpected, often a patient will know well in advance that a certain procedure, such as joint replacement surgery, is in his or her future and that an extended hospital stay and subsequent recovery period will have to be faced. Because the prolonged periods of bed rest associated with many surgeries can increase your risk for deep-vein thrombosis and pulmonary embolisms, it makes excellent sense to take whatever steps you can before entering the hospital to ensure that your risk for these complications will be as low as possible.

Get Knowledgeable

Knowing that your are facing a serious medical procedure and hospital stay in the near future can produce a lot of stress. It's important to take whatever steps you can to minimize this stress.

Start by meeting with your physician and getting your questions answered. A smart move is to write down questions you may have about your surgery, hospital stay and subsequent recovery before that meeting. Take the time to write down the answers he or she gives you to those questions. If you find that you get nervous speaking with your physician, you might ask a family member or a friend to come with you to take notes, allowing you better to ask your questions and concentrate on the answers you are receiving.

Also make sure that you understand the procedures related to your hospital stay. They might include coming in several days early for various lab tests, or avoiding food or drink the night before the surgery. You might also talk to your doctor about whether there is a need for you to donate blood, prior to your surgery, in case it is needed during the procedure. Getting all these questions answered and clearly understood well before your hospital stay can do a great deal to lower your overall stress level.

Get In Shape

When you know you have a hospital stay in your future, talk to your physician to find out what you can do to strengthen your muscles and to promote good circulation prior to your hospitalization. The better shape you're in going into surgery, the less risk you have for complications and general health problems after the operation.

If your medical condition allows it, your physician may allow some moderate aerobic activity, such as walking, jogging, swimming or cycling, to help strengthen your muscles, lungs and circulatory systems prior to your hospital stay. He or she might also recommend calf, leg and ankle exercises, both before and after surgery, if you will be confined to a bed or chair for an extended period of time.

It is essential, however, that you discuss any exercise program with your physician before undertaking an increased level of physical activity.

Another step for a healthier and stronger you can be to change those factors that are known to compromise your health. If you are overweight, making changes for healthy weight loss (not crash dieting) is one of the smartest moves you can make. While you probably won't reach your ideal weight before your hospital stay, just losing a few pounds can help you be better prepared to face your upcoming surgery.

Similarly, if you are a smoker, now (or actually, any time) is a great time to give up the habit. You are certainly not going to be allowed to smoke while in the hospital, so use it as an excuse to begin a smoking cessation program now. Your physician can offer advice, program suggestions and even medical help to assist in stopping smoking. Most importantly, you'll be making a change that will help reduce your health risks in a variety of areas.

Be Prepared For Your Recovery Period

Before your surgery and hospital stay is the time to talk with your physician about what is going to happen after the surgery. Find out if there are any special dietary restrictions, for example, that you may have to follow during your recovery. This is also a good time to discuss any dietary needs you may currently have and whether the hospital will be able to accommodate them during your stay.

Be sure to talk to your doctor about some of the health risks associated with hospital stays and any recovery period where your mobility will be limited for some time. Deep vein thrombosis (DVT) and very real health risks that are associated with it through pulmonary embolisms (the blood clots that form under DVT and then move through the circulatory system into the lungs) are a risk that anyone who will be bed or chair bound for some time must face.

Ask your physician about preventive measures, such as compression stockings, external compression devices or anticoagulant therapy, that might be used to reduce your DVT risk. There may also be specific exercises that the doctor or hospital recommends to reduce DVT risk during hospitalization.

If you currently have circulatory problems with your legs, ask your doctor about the use of quality compression hosiery prior to your surgery as a means of possibly improving your condition and preventing any worsening of your condition prior to your surgery. Now is also the time to find out if you should be using support stockings

during your recovery period. You'll probably find most doctors recommend compression hosiery as a means of promoting better circulation while your ability to be physically active is restricted.

Make It a Success

No one look forward to surgery and hospital stays. But you take the time, prior to such events, to ask questions, get answers and do all you can to be in the best possible shape to face the upcoming ordeal, you greatly increase your ability to minimize your stress and maximize your chances for a successful outcome. And isn't that the best prescription for recovery?

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Hospitalization Only Insurance vs Catastrophic Insurance

Some strategies on finding affordable health insurance.

Over the years I have changed my mind about hospitalization only insurance. These health insurance policies have significant limitations that are not found in the typical health insurance plan. I tend now to help my clients who express an interest in hospital only policies find catastrophic health insurance providers. High deductible or catastrophic medical insurance policies are also low in cost, but have fewer drawbacks.

I've been a health insurance agent since 1985. I help Connecticut residents find health insurance and have for the last several years have also managed a website that helps people in other states find medical and hospital policies online.

Why I don't like hospitalization only insurance:

Hospital stays are getting shorter and shorter. However, people are not necessarily healing any more quickly. The medical care that years ago, you might have received in the hospital during the last day or two of your stay is today care that you are likely to receive outside of the hospital. This care is not likely to be covered. A hospitalization only health insurance plan may cover the hospital stay, usually not the medical care that takes place outside of the hospital.
X-rays, lab work, MRIs, etc. often take place outside of a hospital. These can be expensive and may not be covered by a hospitalization only insurance policy.
A long-term illness may require years of doctors visits, none of which are likely to be covered by a hospitalization only insurance policy.
People buy hospitalization only insurance policies to save money. Saving money is of course a good thing. However if it was the only thing we'd all buy the least expensive car and wear the least expensive clothes. If you need to keep your costs for health insurance lower, I recommend searching for medical and hospital policies online or elsewhere and looking for a catastrophic or high deductible policy that covers you both in the doctor's office and in the hospital. In my opinion, a catastrophic health insurance policy that has a $2,000 deductible, but covers you in the doctor's office and the hospital is a better deal than a hospitalization only policy that has a $1,000 deductible even if they cost the same.

Hospitalization only insurance is like a bullet-proof vest that is only bullet-proof in the front. Catastrophic health insurance may be a better option. If you need to save money, go for a higher deductible medical insurance policy that is "bullet-proof" on both sides.

Good Luck,

Alston J. Balkcom

This article can be copied and reprinted but only in its entirety and with the links intact. The article was originally published on [https://lovetherates.com/articles/hospitalization-only-insurance-article.htm] . The article starts with the heading "Hospitalization Only Insurance" and ends with this sentence.

Alston J. Balkcom has been a Connecticut insurance agent since 1985. His practice primarly involves helping Connecticut residents find health insurance. His focus is on those who do not qualify for health insurance through their employers. Most of his clients reach him after visiting his Connecticut health insurance focused web-site . He has taken several advanced courses over the years to increase his knowledge of health and other types of insurance. His resume includes time with Metropolitan Life, and Mutual of Omaha.

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