It is more important to know what is covered and the extent of coverage in a health insurance policy than to focus all of your attention on finding a health policy in Brainerd, Minnesota that has the lowest premium. If you need to see a specialist, or are admitted to the hospital, how much will you have to pay out of your own pocket for the care you need? In addition to your monthly premium, you may have to meet a deductible and also be responsible for part of the cost (a copay) to pay the doctors, undergo tests, and fill prescriptions.
If you become terminally ill, you may be able to use your health insurance policy to cover part of the cost of care in your remaining days. When you are very ill, you do not want to be worrying about how you will be able to afford the high costs of care. You may spend months going in and out of the hospital. You may spend your last weeks in hospice care.
Terminally ill patients in Minnesota may be covered by Medicare, MinnesotaCare or private insurance. No matter whether you have federal, state, or private health insurance, or any combination of the three, you should always contact the insurance company or agency to find out the specific coverage and limitations of your policy.
If you have a terminal illness and a life insurance policy, you may be able to access some part of your death benefit to help pay for the care that is not covered by your health insurance. You also may be able to access the secondary market for insurance and get a lump sum of money in the form of a life settlement.
At Hanneken Insurance, we understand how devastating it can be for someone diagnosed with a terminal illness. Call us and an independent agent will show you the different types of health insurance available and your options for care should you or a loved one become terminally ill.