The Health Insurance Dilemma

I cannot imagine anyone wants another human being to go without health care. We all need it at some point in our lives. However, health care has become an incredibly polarizing subject in America and that is a shame.

We’ve been discussing health insurance in the United States for many years now. If you are curious, I am not a proponent of Obamacare primarily because it was more about the government overseeing and taking over the total health care industry than in covering the 30-40 million uninsured. When has the government ever done anything efficiently over a long period of time without becoming bloated and hugely inefficient, and without growing far beyond their intended scope and purpose.

I would be happy if the government had formulated a more simple plan to figure out how to provide services to the uninsured and let the rest of the health care industry alone. We have had the best health care in the world and Obamacare is likely to reduce our quality of care. If you disagree, we will simply have to wait and see.

Perhaps one exception to the above comment is our need to reduce the cost of prescription medicine. Anytime you can drive across the border into Mexico and buy the same drug for far less there is a problem. Of course you hear and read about political parties being in bed with the drug industry. Does anyone believe that likely is not accurate?

Anyway, no matter how you land on this difficult subject there is no arguing the impact health insurance or lack of health insurance has on our nation and people.

Back in 2002 the Institute of Medicine figured that around 18,000 U.S. citizens between the ages of 25 and 64 die annually due to a lack of health insurance. The following information is not rocket science yet still informative.


Uninsured adults without health insurance:

…are far less likely to receive preventive services

…and with cancer are generally in poorer health and die more prematurely than those with insurance primarily due to delayed diagnosis issues.

…and with diabetes are less likely to receive recommended services, which causes uncontrolled blood sugar levels which puts patients are greater risk

…and with hypertension or high cholesterol are less likely to be screened, less likely to receive prescription medication and are at greater risk

…and with end-stage renal disease receive dialysis later than other patients

…and with HIV receive medication later that can improve odds of survival and die sooner

…and are hospitalized are more likely to die in the hospital, receive fewer services after being admitted and experience more substandard care.

…and experience a trauma injury are less likely admitted to hospitalization, receive fewer services and more likely to die as a result

…and with acute cardiovascular disease are less likely to receive hospitalization to receive angiography or revascularization procedures and more likely to die

Again, nothing in this that would shock your world. It’s still important to remember that we have lot of people who forgo health care and the basic services they need.

Health Insurance Premiums to Rise?

It is being reported, and widely expected, that as Obamacare is fully rolled out consumers will see a tick upwards in premiums. The younger generation, for example, will likely see a bigger jump than they expected. One reason, older adult healthcare will be covered in more robust ways. Costs to care for older patients will be passed down along the lines and effecting the rates of everyone else, even for the young and healthy. Don’t gripe too much because we all will arrive there one day.

The Oregon insurance commissioner believes, according to online reports, that health insurance rates in his state could swing upwards by as much as 30%. Even the California insurance commissioner, a big proponent of Obamacare, has expressed concerns about rising costs. If costs rise as many believe it makes a person wonder as to whether care for our senior population will go down. There is no free lunch, even in government.

Businesses Dumping Spousal Health Coverage

More businesses are opting to not allow spouses of employees to be covered under their health insurance. Businesses not only save the premiums it costs to pay for spouses but also new, rising fees due to Obamacare. The fee used to be a few dollars but will jump to $65 per person in 2014.

Spouses who do not work tend to use health care more, according to reports. While kids are mandatory to cover under Obamacare husbands and spouses are optional. One news story said that the city of Terre Haute, Indiana stopped offering coverage for spouses effective July 2013. Again, that leaves people scrambling and particulary those spouses with health issues wondering what to do next. So much for covering all those uninsured with ease, as we were told would happen under the new health insurance law. From what we read it seems to be cause more people to be uninsured and disrupting lives and finances.

Insuring Celebrity Body Parts

It is not surprising to read that celebrities are insuring their body parts. Here is a list of some:

Tina Turner insured her legs for $3.2 million
Heidi Klum insured her legs for $2 million
Bruce Springsteen insured his vocal cords for $6 million
Dolly Parton insured her breasts for $300,000 each
Michael Flatley insured his legs for $40 million
America Ferrara insured her smile for $10 million
Keith Richards insured the middle finger on his left hand for $1.6 million
Holly Madison insured her breasts for $1 million

And here are most consumers wondering how to pay their basic auto insurance premium. Such is life.

Long Term Care Insurance

may be one of the most least known insurance plans in our country.

LTC Insurance helps pay the cost of a nursing home, assisted living facility or at-home care if you are too sick or injured to care for yourself.

Surprisingly, many young people need Long Term Care. Yet, for the most part, LTC is a product designed for our senior population. Senior citizens usually understand long term care and the impact of paying for it.

Nursing homes can easily cost $50,000 or more today – and those costs are rising. Imagine needing 3-4 years of long term care. How much of a dent will that put into your savings and investments?

If you are age 55 or older you seriously should consider asking us for quotes on Arizona Long Term Care Insurance. We can shop your LTC quote with a lot of top rated and top ranked insurance companies to find the BEST plan for you.

Our goal is to assist you in finding a LOW rate with the BEST carrier.

If you are unfamiliar with long term care or Arizona long term care insurance, please call our office today.

As always, we never pressure anyone and there is no obligation to get more information.
Are you getting older? Concerned about what will happen if you become sick and need assisted living care, at-home nursing assistance or even a nursing home?

A nursing home can cost upwards to $75,000 per year. How long can your finances hold out at that cost? Also, if you need a nursing home care you will need to spend most of your assets before government assistance will kick in.

Long Term Care Insurance is the one product that can help you:

1) Pay for long term care expense
2) Gives you or your family control over where you stay
3) Protects your assets

Call us if you want to learn more about Long Term Care Insurance.
MetLife recently announced they are pulling out of the Long Term Care Insurance market. They still have to continue servicing existing LTC clients and paying claims.

Other carriers may follow suit or make changes to their policies. It was also reported one other long term carrier provider lost a billion dollars, primarily due to costs associated with their long term care payouts.

When insurance companies began selling LTC insurance policies they likely expected a certain percentage of clients to keep their policies for a few years before stopping payments and letting them expire. That has not happened.

To their surprise, a vast majority of clients who bought LTC insurance are keeping the policies.

Truly, it really should not have come as a surprise to insurance companies that this happened. The majority of people who LTC insurance are older and in better shape financially – they can afford those higher LTC premiums.

Plus, Americans are living longer and needing more care than ever before.

There are still companies offering LTC insurance. If you believe you may need this type of coverage, please call me. We can help you make sense of which companies are “A” rated and offer the best rates.

Do we still recommend LTC insurance? Absolutely, maybe now more than ever. If you want to discuss or get a quote, please call me.