Health insurance is something we don't want to have to use, but
something we need to have. According to Kathleen A. Dobie, of
ehealthinsurance.com, a "large percentage of bankruptcies in the US are
at least due partially to medical bills."
Having
health insurance doesn't mean unlimited coverage though. A report by
the Labor Department reported by Catherine Rampell of the NY Times, of
business sponsored health plans in 2009, found coverage limited for
treatments such as kidney dialysis and diabetes management, as well as
pregnancy and mental health.
Fortunately, under ObamaCare,
starting in 2013, some of that will change. Some ten categories of
essential health benefits that insurers must provide include maternity,
prescription, mental health and rehabilitation--- but according to each
state's specifics in every category. Starting in 2014, insurer's will be
restricted from placing caps on annual or lifetime limits.
Healthcare.gov has the full list of benefits. Out of pocket expenses
will also have a maximum deductible.
Each state will iron out its
own details based on other models such as the largest insurance
provider's small group policy for that state. What one state may
consider essential, another state may not--- such as certain treatments
or prescription drugs.
Choosing a health insurance plan can be
confusing. As reported by Consumer Reports in 2009, Politz, of the
Kaiser Foundation, says there are really no good other options, other
than a comprehensive health plan.
ObmaCare now requires insurers
to disclose through a Summary of Benefits and Coverage what's covered
and a comparisons of plans offered. This can make a great difference
when choosing a plan. According to Consumer Reports, if a policy makes
no mention of it--count on it not being covered.
ObamaCare hopes
to strengthen healthcare through a comprehensive healthcare policy. But
coverage has its limitations.. Under the new health reform, there will
be four levels of health insurance offered: bronze, silver gold and
platinum.
A good health insurance policy can be costly. Taking
advantage of employer health incentives can reduce your premium
significantly. Shopping around and taking time to make a decision is
important. Rates can vary and a bare bones policy may cost more than you
think, says Consumer Reports. Always ask questions when in doubt and
call the provider. They're more likely to be honest and informative than
someone pressuring you to enroll. Since we don't know what the future
holds, a comprehensive policy can offer the best coverage, less debt and
better health in the long run.
