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The Business of Health Care Report
In North Texas, the hot, sunny month of July often arrives with a vengeance. This means warm-weather activities, such as swimming and boating, kick into high gear and bring fond memories of family vacations, picnics and softball games. For others, it will be fraught with peril – heat stroke, West Nile virus. Or even worse – diving and boating accidents – and catastrophic injury.
Have you ever considered who would pay the medical bills if a catastrophic injury were to strike you or someone in your family this summer? You would – and if you’re uninsured – the cost could be financially devastating.
If your employer doesn’t offer health insurance or you simply don’t want to pay for coverage you don’t believe you need, you may be a candidate for a “catastrophic” health insurance policy.
Sometimes called a “major medical” plan, catastrophic policies are characterized by high deductibles and low monthly premiums. These plans typically cover only major hospital and medical expenses, while you pay out-of-pocket for everything else, such as routine doctor visits and prescription drugs.
Sometimes called a “major medical” plan, catastrophic policies are characterized by high deductibles and low monthly premiums. These plans typically cover only major hospital and medical expenses, while you pay out-of-pocket for everything else, such as routine doctor visits and prescription drugs.
For Texas Health Resources and its faith-based hospitals – Harris Methodist, Presbyterian and Arlington Memorial – I’m
Doug Hawthorne.
©
2005 Texas Health Resources |
I'm Doug Hawthorne, President and CEO of Texas Health Resources, with
"The Business of Health Care Report."