Major Medical Health Insurance

Sometimes in business it seems like getting several services from the same company is a value, and it can be. We use Bellsouth for our internet, phone and fax needs. It just worked out better.

But sometimes a “bundle” can be little more then a distraction.

Sometimes with health insurance, certain companies will offer a substandard major medical plan combined with a substandard dental and vision plan.

At first glance, a potential consumer may be fooled into thinking that they are getting more for their money. And in reality they end up with a whole lot …of nothing.

It can turn into a bit of a “shell game.” Money gets wasted like this all the time. I believe what happens is that people want to feel like they are going to get something for their health insurance premium and they say to themselves, “Well, we will probably never use up our deductible, so we might as well take this guy’s plan with the dental attached to it and then at least we will get some use out of our insurance.” Every single time they lose money this way.

Even the best individual plans out there that offer the best dental available have a benefit maximum of $1000 per person per year. So, when you take into account the monthly premium, the per family member dental deductible and the 50% coinsurance

On all procedures that are above preventative … is it worth the money?

That goes double for these “association” based plans that offer additional benefits for the self employed, etc.  Again, a distraction and not in your best interests. All these “techniques” are designed solely to take the consumer’s eyes off of the details of their major medical health insurance coverage. End of story. You pay for your own cleanings and the possible root canal, etc. on your own; you will ALWAYS save money at the end of the year when measured against your dental coverage and premium. Insurance companies LOVE when agencies attach or sell plans with these built in ancillary products because they ALWAYS make money on them. Us, we don’t care about insurance companies, we care about our clients.

You want to focus on one thing at a time with the understanding that acquiring the most value possible for your health insurance dollar is of paramount importance.