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Also known as self-insuring, because you assume the
entire risk and pay 100% of the cost of your health care needs.
- Eliminates
your monthly premium, but...
- The
cost of unexpected medical
needs can be catastrophic
|
| The
Cost of Getting Sick... |
| ...but not too sick.
What would you pay: |
| Condition |
Estimated Cost |
| Broken Leg |
|
| Appendicitis |
|
| The
Cost of Getting Sick... |
| ...but not too
sick. What would you pay if hospitalized: |
| Age |
Average days in hospital |
Estimated Cost |
| Less than 1 |
3.1 |
$7,305 |
| 1-17 |
4.2
|
$13,604 |
| 18-44 |
3.6
|
$12,201 |
| 45-64 |
5.3
|
$22,296 |
| The
Cost of Getting Sick... |
| ...very sick. What
would you pay: |
| You can't afford to be without it. |
|
Health coverage protects you and your employees
from the high financial exposure that may accompany even common
accidents or illnesses.
For a more acute condition, the costs could be
several times the amounts shown above. Maintaining comprehensive health
insurance at all times will help you avoid this kind of financial
burden. One of the most common reasons cited for personal bankruptcy is
lack of adequate health insurance.
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Note: If you choose not to elect continuation of
group coverage under COBRA you
will loose valuable rights under
HIPAA.
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