Archive for Insurance

Insurance Additions/Alternatives

Health insurance is a large part of keeping your body healthy. If you ask any Presidential candidate, they feel that not enough Americans are insured. The obvious reason why so many Americans are uninsured is cost.

According to the Centers for Medicare and Medicaid Services (CMS), the U.S. is projected to spend over $2.2 trillion on health care in 2007, or just under $7,500 per U.S. resident. Health spending in 2007 is projected to accountfor 16.2% of GDP

In 1970, U.S. health care spending was about $75 billion on health care, or $356 per resident, and accounted for 7.2% of GDP.

Health care spending has risen about 2.4 percentage points faster than GDP since 1970.

CMS projects that by 2016 (nine years from now) health care spending will be over $4.1 trillion or $12,782 per resident, and account for 19.6% of GDP.

The primary reasons for the increase include longevity increase, inflation, and population growths.One insurance alternative is healthcare discount plans. These plans cost a low monthly fee and provide discounts with medical providers in your area. One such plan is AmeriPlan®

AmeriPlan® is not a health insurance plan, but a discount program. The company has a network of thousands of doctors and providers that have agreed to offer their services at discounted prices to members of the program. AmeriPlan® offers a variety of plans starting from $20 each, and plans can be purchased ala carte to customize your needs.

 

Plans like this are also very nice for additions to your health insurance. For instance, if your plan offers medical but not dental and vision, you can purchases a discount vision and medical plan.

 

These plans also work well for college aged students who no longer have coverage by their parents, but are in great health and have few health care needs.

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