At HealthTN, we feel it is important for you to understand the value of health insurance.
But first, what is health insurance?
Health insurance is a contract between you and an insurance company. You buy a plan, and the company agrees to pay part of your medical costs when you get sick or hurt.
Other important benefits of health insurance may include preventive care, and the cost of some prescription drugs.
Did you know the average cost of a 3-day hospital stay is $30,000? Or that fixing a broken leg can cost up to $7,500? Having health coverage can help protect you from high, unexpected costs like these.
Your insurance policy, or summary of benefits and coverage, will outline what your plan covers.
You’ll usually pay a premium every month for health coverage, and you may also have to meet a deductible once each year before the insurance company starts to pay its share. A deductible is the amount you owe for health care services your health insurance covers before they begin to pay. For example, if your deductible is $1,000, your plan won’t pay anything until you’ve met your $1,000 deductible for covered health care services subject to the deductible.
The deductible may not apply to all services.
How much you pay for your premium and deductible is based on the type of coverage you have, and just as important as the premium cost is how much you have to pay when you get services.
No one plans to get sick or hurt, but most people need medical care at some point. Health coverage helps pay for these costs and protects you from very high expenses.
HealthTN takes pride in assisting beneficiaries in navigating their health care needs. While the core reason many purchase insurance has not changed, the process has. Our agents are trained in multiple plans to help you find the health insurance that best fits you! Visit HealthTN.com today.