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Real health insurance has been around since the 1930s. Typically employer sponsored and paid for, almost everyone with the job was able to enjoy at least a small level of health insurance, no matter what, without worrying too much about major hospitalization or sicknesses.
Those early type of insurance was either called an 80/20 or an indemnity plan. The employer would pick up the entire cost for the insurance plan. And when it came time to put in a medical claim the employee would be responsible for 20% of the entire bill, and the insurance company would pay the majority or 80% of the bill. Based on today’s expensive health insurance this might sound like a considerable sum. However, keep in mind that decades ago, a typical hospital stay might only be a few hundred dollars.
This may sound like an extraordinary amount of money. However, decades ago, even a lengthy hospital stay which may have included surgery and private care nursing may only have been about $500.
Over the years insurance premiums have skyrocketed to the point that even large international corporations are finding it difficult to provide the level of insurance they had in previous years. Smaller employers with 10 to 20 employees now find it almost impossible to even consider offering any type of health insurance benefits to their staff. Group health insurance policies, of available to any employer, sometimes are offered as the benefit. However, the employees are responsible for paying the entire premium. For instance, an entire family may need to pay over $100 a month for what could be considered only basic care.
Even two income families that were once considered to be very well off are now forced into paying all doctor bills and even hospital stays from their own pocket. Very often, when considering that some families pay insurance premiums for years without putting in major claims for any health related issues, paying for occasional out-of-pocket expenses is cheaper in the long run.
These plans are very affordable, there are no lengthy contracts, and they cover everything, including office visits, preventive care, and in many cases, you can even have cosmetic surgery and still receive a very large discount on the surgery.
A popular option that has gained in popularity just over the last few years is not really a form of insurance, but it does help to reduce out-of-pocket medical costs. It is called a discount health insurance plan. These plans are available in every state, can easily be found online, and have many benefits that even insurance plans don’t offer. The major difference between these discount plans and a bona fide insurance program is that with the discount plan the patient is responsible for paying the entire bill.
These discount plans are similar to a PPO plan, where a patient can go to any doctor, for any specialty, for any reason. As long as the doctor is a member of the same discount plan as the patient. The patient can change doctors at any time, or use any doctor in any specialty at any time.
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