I found a policy that will pay
$1200-1500/day for inpatient care plus
additional payments for other prodecures.
I am considering this as my BC rates
rising so fast I can no longer afford it.
Does anyone have a plan like this? I would
appreciate any thoughts, good or bad.
Thanks.
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Carifairy
Extremely EHEALTHy
Joined: 12 Nov 2005 Posts: 2610 Location: Charlotte n.c.
Thanks: 12
Thanked:0
Posted: 08-03-07 19:04pm
It could be okay.
AN appendectomy is 20,000-30,000, and this
may or may not include hospital stay.
Would that money/policy cover that?
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robbie25
New User, Becoming EHEALTHy
Joined: 03 Aug 2007 Posts: 6 Location: ,
Posted: 08-03-07 20:18pm
Thanks for responding. That is a great
question and I will contact the company
and ask. Is there a site where I can get a
list of average costs for various
procedures?
The average cost of a day in the hospital
in my area is $1695. Since so many
procedures are done with very limited to
no hospital time, the daily inpatient rate
may be misleading. Thanks again.
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Carifairy
Extremely EHEALTHy
Joined: 12 Nov 2005 Posts: 2610 Location: Charlotte n.c.
Thanks: 12
Thanked:0
Posted: 08-07-07 15:44pm
That's a tough one!
I have worked in a hospital, and each
facility will vary. There is not really a
way to 'know' unless you contact a few
hospitals and find out.
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DoorIn
New User, Becoming EHEALTHy
Joined: 16 Aug 2007 Posts: 19 Location: Coral Springs, Fl
Posted: 08-16-07 13:07pm
Sounds like a mini-medical plan.
(sometimes refered to as an indemnity
policy or first dollar policy) Of course,
I can't be certain without know the exact
plan we're talking about.
Unlike Major medical plans which limit
your out of pocket expense, a mini medical
plan limits the insurance company's
expense.
In other words, with Major Medical, you
pay a certain amount and they pay the
rest. With Mini Medical, they pay a
certain amount and you pay the rest.
These plans are used primarily for people
who don't qualify for anything better.
They can sometimes be identified by an
unusually high application fee. (Around
$100 above the monthly cost of the plan)
As for replacing a more expensive policy,
the general rule of thumb with insurance
is "pay a little more now or pay a lot
more later." Reducing your coverage to
save money may put you at risk for very
high medical bills in the future.
