Financial impact

Health care advances can improve our quality of life—but often at a price. We can face unexpected bills due to coverage gaps, plus nonmedical costs like lost wages add up, too.


Health care reform 

Health care reform Washington National sponsored a detailed yet easy-to-read report, “Countdown to 2014; The Employer’s Survival Guide,” produced by Healthiest Employers. The guide describes each ACA mandate that impacts employers and provides checklists and charts to help readers anticipate changes in 2014 and beyond.

Americans increasingly are taking control of the gaps in their health insurance. With supplemental health insurance, they gain a way to combat the uncertainty of unexpected, extended and out-of-pocket expenses associated with basic medical care. Quality care can be expensive, and more families are taking steps to prepare for potentially devastating circumstances.

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Coverage gaps 

 Coverage gaps Are most Americans prepared today for the potential impact of a critical illness? A landmark study from the Washington National Institute for Wellness Solutions explored whether middle-income individuals and families are able to handle the physical and financial costs of critical illnesses.

The Kaiser Family Foundation produced a report about how cancer patients confront holes in the health insurance system. This report highlights the severe challenges cancer patient may face in paying for life-saving care even when they have private health insurance.

The cost to treat and rehabilitate stroke patients can be significant, adding up to billions each year nationwide. More than a third of all costs related to stroke are indirect—and aren't covered by major medical insurance.

As more employers reduce benefits to manage their operating costs, individuals are paying higher out-of-pocket costs for medical care, including premium expenses, copays, coinsurance and more.

Cindy struggled to get appropriate follow-up surgery for her young daughter, born without facial nerves. After four years, she faced $122,000 in out-of-pocket costs for needed care. Health AdvocateTM was able to help schedule the surgery and spare Cindy the high price tag.

As healthcare costs have increased, most consumers—even those with major medical coverage—are paying more for less. You can help combat the rising cost of care by avoiding these big mistakes.

How much of your medical bills is your major medical carrier required to pay? What happens to any balance that's not covered? WebMD provides some answers.

Even when you have major medical insurance, you may feel the financial impact of coverage gaps. The Health Advocate Medical Bill Savertm program can help you. Through this service, a negotiation team works to reduce the amount of your uncovered medical bills.

Cancer not only presents health concerns, but it brings financial concerns, too. By managing your finances now, you can be financially ready if a critical illness occurs.

12-year old Jimmy struggled daily to hear because his implanted hearing device continuously broke down, requiring constant and costly repairs throughout the year. Jimmy's Personal Health Advocate was able to secure coverage for a brand new device which helped the family avoid numerous visits to hearing specialists and countless repairs of his old device. Now Jimmy is free to participate in all the activities a 12-year-old boy should.

Putting financial plans in place is important for everyone, but understanding money matters is especially vital for a person with dementia. The Alzheimer’s Association has identified costs you may face as your family member lives with dementia. Inside, you’ll also find different ways to help cover those costs.

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Health Advocate 

Health Advocate Washington National's health advocacy services can help you navigate the healthcare system and maximize your available insurance benefits. A personal health advocate works to resolve your clinical and administrative issues and help you access needed resources.

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Policies underwritten by Washington National Insurance Company, home office: Carmel, IN. These policies have limitations and exclusions. For costs and complete details of coverage, contact an agent.

Policies, benefits and riders are subject to state availability. Not all listed options, benefits and riders are available on all policies, and some may have additional cost.

Washington National Insurance Company is not licensed and does not solicit business in the state of New York.
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