Unfortunately, most people covered by health insurance have a false sense of security, especially if they are covered by an employer sponsored health plan. Almost 7 out of every 10 bankruptcies filed each year are due to catastrophic medical expenses, and most of those individuals had health insurance coverage. If you or your spouse is covered by an employer sponsored health plan the chances are high you will suffer a catastrophic medical expense due to a critical illness. Here’s why:
- If you become unable to work, you will be forced to go on COBRA which could be 2 to 3 times what you are paying now.
- COBRA limits currently are 18 months, then the alternatives are much more expensive than COBRA, if you can get coverage at all.
- If you become unable to work, the chances are you WILL NOT be able to continue to pay for your health insurance.
- In that case your medical options are limited unless you can pay out of pocket.
- Your chances of survival decrease dramatically with limited access to the newest and most expensive treatments.
Don’t take my word for it. Learn about Keith Blessington story in his own words in this short video.
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