Because they can't pay for it, more and more Americans don't have health insurance. But there's a way out. There are now new health insurance portfolios that are made to help people and employees of small businesses get coverage at a price they can afford.
This is good news for a lot of people in the United States who can't afford health insurance or whose employers don't offer it. This includes people who are self-employed, work for a small business, or run a small business. It also includes people who have to buy their own health insurance because of something else.
"More than 45 million people in the U.S. belong to one of these groups. "Many of these people don't have insurance or can't afford the traditional plans that insurance companies usually offer," says Melissa Crawford, senior vice president of Physicians Mutual.
The company combines new and old products to make an Integrated Health Portfolio (IHP) with a range of options and prices.
The IHP has a variety of benefits, such as insurance for:
• Visits to the doctor
• Preventive care
• Hospital stays
• Surgeries
• A major medical disaster
• Outpatient treatment.
"This group of products is made for Americans with middle-class incomes whose only option has been major medical plans with high deductibles, like $5,000. "That's too much for them to pay for themselves," says Crawford. "They want a plan that helps pay for some of the everyday costs of health care, like doctor visits, immunizations for children, and screenings like mammograms and prostate cancer tests. They also need discounts on prescription drugs and glasses.
Crawford says, "We have options with no deductible, so policyholders get benefits the first time they have a covered medical expense." "This type of policy also has no lifetime limits."
Crawford says that most people and small business owners don't have benefits managers who can help them figure out what insurance options are best for them. A needs assessment is part of the health portfolio. It helps customers figure out which insurance products are best for them.
Physicians Mutual Insurance Company and Physicians Life Insurance Company, which are both part of the Physicians Mutual family, offer a full range of insurance and financial products. Independent insurance analysts give both companies high grades all the time.
