Beware of Discount Plans and Limited Benefit Insurance Plans

When reviewing health insurance policies, don't confuse discount plans or limited benefit insurance  with actual health insurance. Be sure to ask the $100,000 question.

What would I have to pay if I were hospitalized with a severe illness or injury and facing a hospital bill of $100,000 or more?

This is, after all, the reason you have insurance.  Make sure the policy you are considering pays what you expect.  For instance, in the example below which would you prefer to pay:

Hospital Bill	You Pay	Insurance Plan Pays
$100,000	$1,000 - $5,000	$95,000 - $99,000
Hospital Bill	You Pay	Discount Plan Pays
$100,000	$75,000	$25,000

Beware of the discount plan that pays only $25,000. Protect your future; know the answers before you buy.