Hospital Income for All

In: Business and Management

Submitted By adrianette07
Words 1453
Pages 6
Hospital Income for All
Reasons why Hospital Income should be available for people with chronic health issues.

Upon the start of this course my boyfriend’s son got sick. It wasn’t the first time that he’d gotten that sick because he has Sickle Cell Anemia. His deductible was high and he had lots of out of pocket expenses once the hospital stay lasted longer than expected. I began doing research on Hospital Income policies wondering if he would be eligible. Since I work for State Farm, I called a friend in Underwriting and was told that he was ineligible due to his preexisting condition. This was when I started comparing Hospital Income (HI) to the Affordable Care Act (ACA) wondering when all insurance will be on the same accord. What good is it when the people that need it most cannot use it?
Where the curiosity originated?
In the past two years I have become more educated on insurance products. Since I am pursuing a degree in Health Care quite naturally I was drawn to Health Insurance. An opportunity presented itself in a State Farm Agent’s office so I transitioned from sales to a more in depth position, which gave me the opportunity to expand upon my understanding of health products. Hospital Income was the first product that my new Agent taught me. This was where I was shown the statistical data behind why parents buy HI and why people do not buy it until it is too late. This curiosity lead to me purchasing a policy for my daughter and myself and pivoting to HI each time it was appropriate.
Basis for my research
Although there are several preexisting conditions to choose from, I decided to choose asthma because it yields the most data. Asthma is easily diagnosed and more patients are treated in the Emergency Room from asthma each year. Upon researching several conditions, asthma has the most patient trends and seems to be one of the most common reasons…...

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