Insurance in Today’s Economy

With the advances in today’s technologies, medical science research, and day to day breakthroughs, the cost of average hospitalization is not feasible for the average American. Most Americans can’t even find affordable health insurance with today’s economy and all the recent layoffs going on. The truth is it’s more important to have insurance now more than ever. Imagine the thought of giving up everything you worked so hard for because of an unexpected accident, surgery, diagnosis, cancer and so on. Statistics prove that the number one reason most people file for bankruptcy is medical expenses for unforeseen incidents.

Nobody plans on getting hurt or ill obviously but we are all human and something is bound to happen sometime. I have a friend; young fit guy in his early twenty’s who was feeling really sick. Long story short, he was hospitalized for diagnostic testing and observation. After a week of testing they diagnosed him with crone’s disease which is not curable and requires expensive medication for life. He was billed about $80,000 for everything done to him. It will take him a very long time to pay that off because he had no insurance. Now he is uninsurable and he would give anything to go back and pick up a policy that would have at least covered him for major medical expenses.

If everyone would understand the nature of insurance and how it works, I believe everyone will be better off and maybe the economy would not be as bad as it is. People insure cars, houses, boats, business, even pets. But what good is all that if, god forbid, you develop a serious condition and require serious medical attention. I know until people get to that point or know someone who has, the thought will be put on the back burner. As an insurance agent I believe I’m part of the solution to our medical crisis by finding affordable policies that fit the price range and provide quality coverage for my clients. I’m grateful for all the referrals from previous clients over the years and I’m glad to have helped so many obtain peace of mind and protection from what really matters most: Your health and financial security.