Medical Insurance
Medical insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees.
The Features Of Medical Insurance Plans
Financial protection to individuals with catastrophic health events.
Tax benefit on health insurance premium
Easy application process
Fast approvals – coverage can often be issued in days
Affordable rates
Health check-ups
affordability focus
We provide a whole health service platform with a personalized, predictable and simple customer experience that drives affordability of medical plans. Bespoke products, services and resources are combined into one intuitive offering.
By enabling more choice and flexibility for improved customer experience, we’re able to create healthier futures for our clients and customer
Medical Bills
The current state of the healthcare industry has led to higher prescription costs, expensive medical procedures, and health insurance that doesn’t always cover consumer needs.
Of the 2.6 million people who died in the U.S. in 2014, more than eighty percent were on Medicare before they passed. A disproportionate share of Medicare spending occurs in the last year of life, covering costs related to chronic conditions, inpatient hospitalizations, and hospice care.
But government programs like Medicare and Medicaid only cover about two-thirds of healthcare spending by the elderly, according to the National Bureau of Economic Research. The report, which is based on data collected through the Medicare Current Beneficiary Survey between 1996 and 2010, found that healthcare spending for people aged 65 and over was approximately $18,424 per person, per year.
Medicare paid an average of $153 per day, per person, in 2016 to cover hospice care, in the following categories:
- Routine home care – $193 per day for services that patients need on a day-to-day basis.
- Continuous home care – $41 per hour for services during crises or at least eight hours a day to manage acute symptoms.
- Inpatient respite care – $173 per day to relieve unpaid caregivers on an occasional basis for no more than five days at a time.
- General inpatient care – $744 per day for care that cannot be provided in other settings.
Patients may still be responsible for co-payments, prescription drugs, emergency care, inpatient facilities, nursing care, and other end-of-life expenses. This leaves many people with a significant financial obligation that they can’t always afford. Final expense life insurance can help protect loved ones from the financial responsibility of any outstanding medical bills.
Save With Life Insurance LLC.
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