Merely 50 percent of Americans, who have medical insurance, admitted that they were perplexed by what their health insurance covered. Many admitted to not understanding the difference between a deductible, coinsurance, and co-payment. As many other policyholders consider the verbiage of insurance policies to be so incomprehensible, they generally end up with medical coverage that costs exorbitant out-of-pocket expenses.
As a first time expectant mother, Wanda Jones, was excited about giving birth. However, the affordable premium health plan that she bought as a small business owner uncovered some unforeseen surprises. Ms. Jones thought that her $2000 deductible should cover the cost of her hospital bill, when she learned that it would be an additional $4000 for the delivery of her baby.
According to analysts, these medical coverage missteps happen all the time. As an expectant mother facing childbirth on her own, running a craft store in Ann Arbor, Michigan, the out-of-pocket deductible exceeded Ms. Jones savings account. She reports, “Since the jargon used in Michigan health insurance plans is so confusing. I never made time to understand the policy,” Had Ms. Jones asked the insurance agent to explain the policy she concludes, “I would have reconsidered single parenting.”
Mike Novelli, president of MichiganHealthandLife.com finds that unethical insurance brokers vend Michigan health insurance plans without disclosing all the details of the policies. Mr. Novelli recommends obtaining quotes from an insurance broker, who has an affiliation with a variety of Michigan health insurance plans. He also offers advice on avoiding unscrupulous brokers, “Shop for medical coverage from an ethical and experienced agent, who exudes the following qualities:
- Thoroughly explains the terms of the policy (Compares options between deductibles, coinsurance and low cost premiums).
- Never charges an application fee. (There is no cost to obtain a quote for Michigan health insurance).
- Offers professional, resourceful advice free of pushy sales tactics.
For more consumer information regarding medical coverage in Michigan, one of the best resources, featuring Michigan health insurance and free Michigan medical quotes is Michigan Health & Life.
