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Health Care By Itself Does Not Afford The Protection Needed To Properly Insure Your Family

Health Care By Itself Does Not Afford The Protection Needed To Properly Insure Your Family. Every 2 Seconds Someone Has A Accidental Injury Every 23 Seconds Someone Is Diagnosed With Cancer Every 34 Seconds Someone Has A Heart Attack

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Health Care By Itself Does Not Afford The Protection Needed To Properly Insure Your Family

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  1. Health Care By Itself Does Not Afford The Protection Needed To Properly Insure Your Family Every 2 Seconds Someone Has A Accidental Injury Every 23 Seconds Someone Is Diagnosed With Cancer Every 34 Seconds Someone Has A Heart Attack Every 40 Seconds Someone Has A Stroke The statistics alone are Alarming. So why is it that the financial impact they have on a business or a family is never discussed. Catastrophic claims, in the majority of cases, create additional expenses like, loss of all or part of yours or your spouses income, travel to the best doctors and hospitals, non-covered medical expenses, experimental or alternative medications or treatments, alternative child care and home adaptations just to name a few. When you buy a health insurance policy, the agent says “After You Satisfy Your Deductible And Co-insurance You’re Covered At 100%.” You think you’re adequately insured and all of a sudden you owe $25 or $30,000 in expenses associated with a major claim that no health insurance policy covers.

  2. Accident & Critical Illness Claims Represent 87% Of All U.S. Medical Expenditures This Year There Will Be 87,135,000 Accidental Injury And Critical Illness Claims – 28% Of Our Population Costly Accidents Or Illnesses Trigger 60% Of All Bankruptcies And 49% Of All Mortgage Foreclosures Even Though 77.9% Of Those Had Health Insurance The Odds Of Having A Disabling Injury Or A Critical Illness Before Age 65 Are At Age 30 – 1 in 5.8 At Age 40 – 1 in 5 At Age 50 – 1 in 4 At Age 60 – 1 in 2.8 Source; National Safety Council 2002 National Association For Critical Illness 2010 Emergency Department Summary Tables 2008

  3. Accident Claims Represent 18% Of All U.S. Medical Expenditures 84.1 Million Medically Treated Accidents In 2010 Every 2 Seconds There’s A Accidental Injury 2,330 Disabling Injuries Occur Every Hour 20,410,800 Per Year 2.9 Million Were Admitted To The Hospital For An Average Of 5.5 Days Average Work Loss 9.5 Weeks 42.4 Million Were Emergency Room Treatments 39.1 Million Were Urgent Care and Dr Visit Treatments Source: National Safety Council 2002 Ambulatory Medical Care Utilization Tables 2006 Emergency Department Summary Tables 2008 The University Hospital - Newark, New Jersey -National Study 2010

  4. Critical Illness Claims Represent 69% Of All U.S. Medical Expenditures Every 23 seconds there’s a cancer diagnosis. 1.4 million new cases this year in the U. S. 66% of men and 63% of women will survive. Represents 32.7% of all medical claims Cancer Every 34 seconds there’s a coronary attack 785,000 new cases this year in the U. S. 58% will survive. Represents 18.4% of all medical claims Heart Every 40 seconds there’s a new first stroke 600,000 new cases this year in the U. S. 85% will survive. Represents 14.2% of all medical claims Stroke Alzheimer's – Burns – Paralysis – Coma Represents 3.7% of all medical claims Other Source: Center for Disease Control and Prevention Cancer Facts and Figures - American Cancer Society 2009 Heart and Stroke Statistical Update - American Heart Association 2009

  5. Are You Capable Of Handling The Steep Cost Of Surviving A Critical Illness Or Serious Accident As our life expectancy continues to increase, principally because of advancements in health care technology, we find ourselves in a catch 22. The Positive; Survival rates for a major illness or accident are increasing. (1995–2005 deaths from heart disease declined by 34%) The Negative; The costs of extensive or non-insured treatments as well as costs associated with a loss of income while in treatment or recovery can lead to a loss of assets, bankruptcy and or mortgage foreclosure . In 2010 1.6 Million People Declared Bankruptcy 861,664 People Lost Their Homes 60% Of The Bankruptcies Were Due To Medical Bills 77.9% Had Health Insurance 49% Of The Foreclosures Were Because Of Medical Problems (57%) Medical Bills (29%) Lost Work (14%) Sick Relative Source; Harvard University Study 2011 Harvard Law School Study - C. Robertson, R. Egelhof, M. Hoke - 2009

  6. The Solution “A Structured Asset Health Plan” Providing A Balanced Risk Management Strategy Insurance is defined as a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. It involves the pooling of funds from many to pay the losses that some may incur. In today's world insurance covers a stubbed toe better than it covers your assets. The reality is that the average consumer spends substantial premium dollars on benefits that have little or no impact on the losses associated with a catastrophic claim. If you reallocated those premium dollars to a “Benefit Package” rather than just a health insurance policy, you would create comprehensive coverage, with little or no potential of loss of assets, mortgage foreclosure or bankruptcy.

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