How does someone gain insurnace for expensive medical problems? Just curious.?
My Uncle Don have probably spent at smallest $2million on his medical problems in days gone by 12years. By the age of 35 he be 250pounds overweight and be a big smoker. He still lives one and the same lifestyle. He is getting surgery done that costs him $250,000 near insurance. What type of insurance covers associates next to expensive medical problems? Just curious.
Answers:
Through medicare or medicaid, if they are eligible, or a group robustness insurance policy.
Clearly, an insurance company would be NUTS to adopt a small amount of money from someone who is wracking up huge bills, and have no intention of doing anything to transport diligence of himself. So he would NEVER receive a private policy. Likely, he's employed, and on his employer's group policy. Or the taxpayer is paying for it, through medicare or medicaid.
Most insurance doesn't provide for existing conditions, so you will obligation to dance to a medical plan provider, which does cover adjectives existing conditions. With extreme cases such as your Uncle's, they will negotiate the best rate for you. Here is a dutiful Medical plan: www.everyonebenefits.com/forni...
Insurers will not insure population who enjoy existing
medical conditions but some will insure and exclude
the ongoing problems.
Since he already have pre-existing conditions, his simply hope at this point is to see whether his state have a "giant risk pool" for medically uninsurable individuals. Have him call his state's insurance commissioner's department and ask.
If he hadn't wait, he could own purchased a "Catestrophic" policy to cover his illustrious liability; but it's too belated at this point.
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Answers:
Through medicare or medicaid, if they are eligible, or a group robustness insurance policy.
Clearly, an insurance company would be NUTS to adopt a small amount of money from someone who is wracking up huge bills, and have no intention of doing anything to transport diligence of himself. So he would NEVER receive a private policy. Likely, he's employed, and on his employer's group policy. Or the taxpayer is paying for it, through medicare or medicaid.
Most insurance doesn't provide for existing conditions, so you will obligation to dance to a medical plan provider, which does cover adjectives existing conditions. With extreme cases such as your Uncle's, they will negotiate the best rate for you. Here is a dutiful Medical plan: www.everyonebenefits.com/forni...
Insurers will not insure population who enjoy existing
medical conditions but some will insure and exclude
the ongoing problems.
Since he already have pre-existing conditions, his simply hope at this point is to see whether his state have a "giant risk pool" for medically uninsurable individuals. Have him call his state's insurance commissioner's department and ask.
If he hadn't wait, he could own purchased a "Catestrophic" policy to cover his illustrious liability; but it's too belated at this point.