altrua health

altrua health

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Lack of health insurance Policy for over 41 million
Americans is one of the nation’s most pressing issues. While most elderly
Americans have coverage through Medicare and nearly two-thirds of all non-elderly
Americans receive health coverage through employer-sponsored programs, many
employees and their households remain uninsured because their company does not
provide coverage or they can’t afford the cost of coverage. Consequently, millions of Americans without
health insurance policy face adverse health consequences due to delayed or
foregone health care and extending coverage to the uninsured has become a
federal priority. – (Information obtained from kff.org)

We have become a vicious cycle over the past couple of decades where health insurance
premiums are now too expensive for a middle-class household to afford.
This, then, results in the inability of the insured to cover medical costs
which often times leads to the fiscal ruins of their family, and in turn
results in the continuing loss of income by the health care community, which then drives the cost of medical expenses higher, finally cycling back into the insurance company which then has to induce the premiums of health insurance greater to help pay the increasing cost of healthcare.

Many proposals have been pitched by politicians
Both sides of the isle which range from interacting health care akin to The Canadian method into endorsing health savings account and breaking down on
frivolous lawsuits against the medical community. Many of these suggestions have
great points, but combined with whatever good things, they attract they also bring
major downfalls. For instance; a socialized national medical care plan would
eliminate the need for health insurance altogether as well as the cost would be
obtained on by taxes, which in concept doesn’t seem like a bad idea. However, the altrua health
downfalls for this system include a deficit in new physicians willing to get in the field due to the inevitable drop in earnings while the requirement would grow
due to no personal responsibility. Simply speaking, if people didn’t have to fret about deductibles or copays that would normally prevent the individual from seeking
medical care for minor things, they would only go to the doctor each time they had an ache or pain. So today we have to await lines for people with
major health issues since everyone is scheduling a consultation while at precisely the exact same time we are losing physicians because of lack of incentive.

The current battle cry from the Republican Bush administration
Is to drive HSA’s (Health Savings Accounts) that reduces the premium by taking a
less expensive high deductible medical insurance plan with a tax deferred a savings account that earns a little interest on the negative that you donate to
along with your premiums each month. Any money is withdrawn in the savings
account for qualified medical expenses are taken”tax-free”, and
unlike a flex spending account like many men and women are acquainted with in company based plans, you do not lose the money you put into the accounts which you don’t
use. Basically, if you never used some of the money in the savings account you
could withdrawal or roll it over into a different vehicle once you flip 62 1/2
penalty free to be used for retirement. This is a viable solution for some
folks, nevertheless for many of the premiums for those programs are still too pricey,
and the issue remains that in the event that you require major treatment from the first few years
of this policy, you are not going to have a large enough amount from the savings account to
help pay the gaps leaving that person accountable for a big portion of the
price out of pocket.

We come to what I believe is one of the biggest problems
From a medical insurance agent’s standpoint, that’s the inability for
persons using preexisting health conditions to attain policy. From the quantity of individuals who contact my office looking for health insurance coverage, I
would need to state about half of these have a health condition which will
either result in an insurance company declining that individual application, or
result in an amendment rider which basically excludes coverage for any claims
associated with this condition. An example of a state that I run across
constantly is hypertension or higher blood pressure. This condition will
occasionally result in a company decreasing an application all together if additional variables are involved, but most commonly lead to an amendment exclusion
rider. Consider the fact that my dad had a double by-pass surgery recently
that ended with a final bill of around $150,000. This whole amount would
have been required to come out of pocket had he had a gas driver on his health
insurance plan, not to mention the extra cost of 2 months from work thrown
into the mixture. On a modest income of $40,000 per year, this could have ruined him
financially.

So what how can we fix this problem? Obviously, the suggestions
Thus far have been flawed from the start, and even though one of those plans
gained support from the American people chances are it might never be passed
to legislation simply as a result of political infighting. One side wants to maintain health care
privatized, while the other wants to socialize it, which as we discussed before
both have upsides and downsides. It seems that we are doomed on this problem and
there’s no real ideas or mild in the of this tunnel right? Not, let me
tell you about a customer I had in my office a year or two back.

A young girl came in wanting to compare health insurance.
Intends to see if there were any options for her and her loved ones

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