Where Do Your Premium Payments Go?
September 22, 2015 5 Comments
You’ve seen them taken out of your pay checks. You’ve seen them shipped away in the mail box. You’ve seen them eat up your checking and savings accounts.
You’ve heard it said that insurance is there for your protection. But like anything else in the world, there is a fee. Fair enough. If you want a roof over your head you’ve got to pay the mortgage. You want insurance coverage, you’ve got to pay the monthly premiums.
But what happens when you go to the doctor and they slap you with a co-pay on top of your portion of the medical bill? Or what about when you get a letter from your insurance company saying that your medical services were rendered “not medically necessary”?
Has anyone ever slammed on the brakes and asked, “What’s going on here?”
Why don’t our monthly premiums cover it all? What’s with the extra costs? What’s with the denied coverage? Who’s calling these shots? Who’s making these significant health decisions for us while raking in our hard-earned money?
Or asked another way, why pay premiums at all if we’re still having to fork out so much on our co-pays and partial medical bills?
Maybe we’re all just so numb to the system that we’ve just decided to go blindly along with what we’re told and pay what’s demanded of us. No questions asked.
Maybe that’s the way Big Insurance wants it. In that case, they’ve won and we’ve lost.
But maybe we haven’t yet lost. Maybe there is still hope to level the playing field for the rest of us. Maybe there is still a war to be waged.
But before I go on, what do you have to say about this issue? Where do you stand? Where do you think your premiums are going here in the U.S.? Are you benefitting from your insurance coverage? Do you feel safer with your insurance company around, or threatened?
Feel free to share your thoughts below or comment on this post on my Facebook Author Page, and we’ll continue this conversation in future posts!