Major Medical Insurance

We have all heard by now that the baby boomers are retiring at a steady pace. It is amazing how this post war baby boom has affected a large portion of our history. The neat thing about the people that are retiring today is that with the advancements in health care they are more active and adventurous.

I still believe in the thought that if you do not do some things like travel or garden or some other hobbies before you retire you most likely are not going to start at retirement age, but it seems like most people that plan to retire early have thought of how they are going to fill their time.

Many more people would retire earlier if they could afford to. They are predicting that we need a great deal of money in savings and investments in order to maintain the life we are presently living. For many people the major expense that they need to consider is major medical insurance. With the rising cost of health care you cannot afford to be without it but having to buy major medical insurance and pay for it out of pocket is an expense that most people cannot afford.

The result is that people are working longer than they want to in make certain they have medical coverage. This needs to be address as a nation sooner rather than later. The CEO’s of major medical insurance companies are raking in millions of dollars as their bonus checks each year while others go broke and bankrupt from not having enough medical coverage. A recent study showed that one of the leading reasons for families filing bankruptcy is due to a medical catastrophe.

This makes no sense to me. We live in a country with the best health care in the world. Many foreign diplomats and others with money come here to receive medical treatment, yet many of our children are only seen in emergency rooms at county hospitals because there they cannot be refused service for not having the means to pay. Many elderly need to choose between eating a good diet or purchasing their medications.

We have managed to make the Medicare system so confusing that many seniors refuse to even apply because the process is so intimidating and long. We need to reform the major medical insurance polices so that everyone has the right to adequate medical care under this insurance policy.

Being able to take advantage of the medical advancements that have been made should not rely on the amount of money that you have. Insurance companies need to pay better for procedures and cover the cost of treatments that are being recommended without making a person see two or three doctors.

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