There must have been times, where you think about how you’ll have health insurance when you get old. If you do, then maybe you should consider long-term health insurance.
Long Term Care Insurance or LTCI will be useful when you’re in the twilight of your years and probably no more resource for money to pay for a normal health insurance policy. However, deciding when to buy an LTCI policy will depend on a lot of factors, as buying them while you’re young means less expensive premiums to pay but you may be paying it over a very long time. It’s suggested that one should buy this type of insurance at around the 50’s to 60’s age range.
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If you’ve just graduated and now looking for a job or you just gotten a new job but the health insurance benefits are effective on your 3rd month in the company, then it is suggested that you and your family get covered for short-term health insurance.
Most short-term health insurance has a coverage ranging from 180 days to 12 months tops. It’ll cover accidents or sudden illnesses. You’ll be in charge of picking your own doctor or clinic, and get in and out patient services as well.
The negative side of it all is that it won’t offer all permanent plan benefits. It won’t include pre-existing conditions, routine medical exams, preventive care, optical or dental care, or pregnancy and childbirth expenses.
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In Ohio, two citizens between age 25-64 die every day because they don’t have health insurance, according to a report released by Families USA, a health-care consumer advocacy group. According to the report, more than 5,100 working-age adults in Ohio died because they lacked health insurance between years 2000-2006.
Previous studies show that uninsured residents are three times more likely to delay or forgo needed medical care like checkups, screenings and other preventive care. Because of this, they are more likely to be diagnosed with disease in an advanced stage and thus their chances of survival are decreased.
U.S. Rep. Betty Sutton said the study underscores the need for Democrats’ national health care reform proposals.
Do you know that employment-based health insurance is the only serious source of coverage for young Americans who cannot apply for Medicare? Medicare is available for the poor yet those who are not so poor can’t receive it. Studies show that between 2000 and 2004 the number of Americans younger than 65 rose by 10 million but the number of non elderly Americans covered by employment-based insurance fell by 4.9 million. This means that fewer and fewer Americans apply for employment-based health insurance though it is a necessity for many.