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One
repeated statement we hear
from the insured is, “I didn’t know that wasn’t covered on the
policy.” Of course, when we face a major medical difficulty it
is very discouraging to find out that a medical condition is not
covered on our insurance policy.
I know of no insurance policy that covers “everything.” Insurance
companies are very careful to state what they cover on the “Benefit
Page” and what they
do not cover on the “Exclusion Page” of their brochures. Although we
may not like the exclusion page, it is one way insurance companies
limit coverage on
certain conditions and thus control premiums.
It is also important to note that most insurance plans in the same
category cover basically the same things. When comparing plans that
are similar, do not
compare just the premiums, but also pay careful attention to the
small differences in benefits. For example, one plan may have better
maternity coverage.
Also, if one plan has rates that are much lower than others, you can
be assured that the benefits they are offering are not as rich as
other comparable
plans. |
