San Angelo small business employee handbook

San Angelo small business employee handbook 

Policy Restrictions

Almost as important as knowing what is covered under your San Angelo small business employee handbook  plan is knowing the policy limitations. The following are some of the things to look out for in a hospitalization plan that can leap out of the tall weeds and bite you on the ankle if you don’t know they are there.

Waiting periods before coverage begins. If your hospitalization plan requires waiting period before coverage begins, you could end up in big financial trouble. Most hospital stays are relatively short and they have become even shorter in recent years thanks to insurance company pressure to keep cost San Angelo small business employee handbook  down. Thus if days you will have to pay the remaining three days’ worth of care yourself, which in all likelihood will be in the thousands of dollars.

Short periods of coverage. At the other end of the hospitalization spectrum are policies that cover only brief periods of hospitalization. These can be even more dangerous+ to your economic health since the amount of time they would not cover can be very long if you are seriously injured or ill. Moreover, if your policy restricts the length of your stay unreasonably, you could find yourself forced into a public facility that you would not choose for yourself.

Maximum payments that are too low. Some San Angelo small business employee handbook  policies are deceptive in their appearance. On one handbook they will set a seemingly high maximum number of days permitted to be paid under the policy. Then, on the other, they limit their maximums financial exposure to $10,000 or $25,000. Such financial maximums make a mockery of the “days in hospital maximums,” and unless supplemented by a catastrophic care policy, they are much too small to protect you against serious illness or injury.

Restricted payments for specialty care. Sometimes patients need the special attention provided by intensive care units or other specialty care wards. In these settings the patient receives a lot of attention—attention that can mean the difference between life and death. However, this extra-special treatment comes at a very high cost, often double the hospitals normal daily charge. If your hospitalization policy puts a cap on payments in need of intensive care.

Limitations on hospitals. Many hospitalization San Angelo small business employee handbook  policies now require you to be hospitalized at specifically identified hospitals that have contracted with the health insurance company to provide care at reduced rates. These hospitals are called contract hospitals. If you are admitted to a noncontract hospital (in other than a life-threatening emergency), your benefits are subject to being significantly reduced. Thus, if your doctor and you conclude you need care in a hospital, ask the doctor to admit you into a hospital where you will receive full benefits. If you don’t know which hospitals qualify, be sure to contact your plan administrator.

Obviously, there’s far more to receiving complete health insurance protection than is covered under a hospitalization San Angelo small business employee handbook  policy. There is a second part of most traditional health insurance, called a surgical/ medical policy. Hospitalization and surgical/medical coverage make up what is called a basic policy.

…Continued in San Angelo small business group health insurance