Health Insurance Basics
The Changing Face of Health Insurance
Health insurance has traditionally been seen as protection against catastrophic
loss caused by accidents or serious medical conditions.
Health plans have become more broad. Benefits are available for everyday
medical expenses…not just the “big ticket” items. This
shift has caused Americans to expect their insurance to pick up most of
the tab at the doctor or hospital.
As consumers are shielded from the actual costs of health care and the
demand for medical services increases, so does the cost of health care.
The increased costs are passed on to consumers in the form of:
- Higher premiums
- Higher deductibles and other out-of-pocket expenses
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