Medical insurance continues to be one of the more sought after benefits in the country today. With more and more people succumbing to health problems these days, employees often have to consider the state of their coverage for both the long term and the short term. The question always remains however as to whether or not you have enough medical insurance; if you don't you might be caught unaware in the event of a medical emergency. Here are a few things to consider when assessing the state of your medical coverage.
When we say that a person is underinsured, meaning that person does not have enough medical coverage, the main definition is when a person has to shell out between five to ten percent of his income on out-of-pocket medical expenses. Add to that figure the extra charges such as co-payments and high deductibles, and you will find yourself as that part of the workforce that counts as being underinsured. With the economy being what it is these days, this can be a very traumatic situation to be in.
If you are indeed counted as one of the underinsured employees in the country, there are certain steps you can take to insure that you do not fall victim to high medical expenses. The first thing you can consider is co-pay relief. Co-pay relief is a system wherein certain groups provide direct financial assistance to individuals who are underinsured. Of course, one still has to qualify for co-pay relief, something that you can find out for yourself by calling a hotline and answering a series of questions to see if you can avail of co-pay relief. You can also enroll online for the benefit - just be sure that your social security number is ready. Your medical provider must be able to register for co-pay relief as well in order for you to avail of the benefit.
You can also try checking out the Healthwell Foundation to get additional medical assistance. The Healthwell Foundation is a non-profit organization aimed at providing assistance and medicines for qualified enrollees. The Healthwell Foundation is able to provide medical assistance and co-payment relief, as well as coinsurance for prescription drugs, health insurance premiums and other deductibles. There are also certain healthcare costs that the foundation can cover, provided that you qualify for these benefits. Try visiting the Healthwell Foundation website for more specific information.
Patient Services Incorporated is another one of these organizations that offers financial assistance for patients who suffer from a number of medical conditions, such as asthma. The program offers financial assistance for over dozen different chronic medical conditions, and has been in existence for over twenty years now. Patient Services Incorporated has partnered with 150 others as well, and works hand-in-hand with government agencies in providing more benefits for qualified and needy patients.
There are a good number of other options that you can consider if you now know that you are underinsured. Try researching for more sources online and you will definitely find additional healthcare options for the underinsured.