Whether you are an individual looking to see a doctor in order to fight an illness or an elderly couple that need support from a care home, it can often be difficult to get any kind of support without paying huge amounts of money.
An individual scenario is likely to be someone who is self-employed and self-insured and until this year the only doctor’s visits she made in the last decade were for annual physicals.
Although the insurance covered the cost of the preventative care, it occurred to her that she might be better off putting her monthly premium in an interest bearing account and paying for those annual visits with money from that account.
Despite being a healthy individual, this patient pays £130 each month only to have a deductible of £3200, revealing that she would have to pay £3330 each year before her insurance would cover any non-preventative claim.
However, a person in this situation is likely to be told she will go bankrupt if her annual visit reveals cancer or if she was in a major car accident. Saving up to £1430 over the past ten years wouldn’t be able to put a dent in unforeseen hospital bills, so the individual remains trapped on the insurance escalator.
This also reveals that there is no discount for the healthy; as the insurance company pads its pocket because they might have an accident or major illness someday.
For people with Down Syndrome it is also difficult to find suitable support as people who have this disability frequently have foot problems.
An example of this is a doctor who sees residents from a local group home regularly. This doctor is very good at taking care of the group; however, payment often causes problems.
Although these individuals qualify for government assistance, the podiatrist’s assistant has to fight a battle after each visit from the group home in order to see any kind of payment.
However, many people don’t understand that a physician should not have to provide a service to these individuals at no cost simply because the government is unable to fund its own programs.
Although the physician enjoys helping these patients, he struggles financially as
the government and insurance companies refuse to pay in full which leaves him considering retirement.
Similarly to most elderly people, this couple have purchased long term care insurance before both were diagnosed with Alzheimer’s disease.
But after losing her son and her husband within the past two months, the widow needs assistance with her day-to-day life. Before her husband passed away the lady had some support within the home, however, when he passed away this care vanished.
In this situation, the couple have never planned to have enough money in their savings account to afford long term care insurance.
These three situations reveal that many people struggle to pay the increasing cost of health care and have to simply adapt to not having the appropriate care and support.
It is too easy to discuss the increasing cost of health care and long term care by citing statistics and census data. The reality is that each number represents a story like these of people who want to do what’s right, but whose hands are forced.
This article was provided by Cheselden.co.uk; Continuing Care Review specialists. Follow this for more information.