I had the privilege of taking a week long workshop on “sharpening your interpersonal skills” like listening, drawing people out, living in community, building personal trust, and many other areas. There were lots of thoughts and ideas that were elementary but it was wonderful to look at it again, especially at the young age of 42. There were also new ideas and thoughts I learned that I never heard, such as “people are the destination.”
Now what does understanding health insurance have to do with what I learned this past week? Plenty for sure but that would take a few more pages. What we need to do at times is go back to basics and understand what “insurance” really means. I like the definition Lloyd’s of London has created:
“A contract whereby an insurer promises to pay the insured a sum of money or some other benefit upon the happening of one or more uncertain events in exchange for the payment of a premium. There must be uncertainty as to whether the relevant event(s) may happen at all or, if they will occur (eg death) as to their timing.”
You may be surprised to know our office , www.gninsurance.com, receives at least one phone call a week and at least two emails per week asking to purchase health insurance since they realized they currently have a medical issue where they need to see a medical facility as of now and some as of yesterday! They didn’t plan for those “uncertain events” that Lloyds mentions, and so they were not prepared financially when they did happen.
There are times I wish I could predict the future but if I could I sure would not be writing this article and instead would be scuba diving the wreck at Tulamben , north coast of Bali, with laptop in hand emailing you my paypal account making you and I very happy indeed. But alas, we will have to just open up those fortune cookies at our favorite Asian restaurant for our “possible” future fortunes.
Another thing to consider as we go back to basics on understanding insurance is that we all help pay for each other’s care if and when that may happen in the future. So yes, we can call each of us the good Samaritan. I gather many have not thought about this but purchasing insurance on yourself is actually making others who have your type of insurance very happy. We can throw the six degrees of separation out the window because your insurance premium is actually helping the next person that is grouped in your policy portfolio. Wow, talk about being able to “touch someone” and help them smile. So when you are paying that monthly premium, which at times I do with a heavy sigh, realize that part of your hard earned income is helping pay for someone’s unfortunate medical concerns. Now if that doesn’t bring a smile to your face just grab another fortune cookie!
Well, I feel we have gone back to basics enough for today talking about insurance. If you want more, please feel free to email me. But in case you do not get a quick reply it is because my fortune cookie told me today that in 2 days I will be diving Tulamben. So, adios friends, I am heading to Phoenix Sky Harbor airport for some fun diving in Bali!
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