Tuesday, November 2, 2010

Health Insurance


Health insurance, just like insurance in general, is a form in which people collectively pool their risk of incurring medical expenses.  This collective is usually publicly owned or organized on a non-profit basis for the benefit of the members of the pool.  In some countries, these health insurance pools are allowed to be managed by for-profit pools.  Depending on the type of coverage, health insurance just about covers anything that can go wrong with you physically and sometimes mentally.

Why do we need health insurance?  We never know what medical or health problems may arise just living day to day.  From broken bones to terminal diseases, the costs of treatment alone are enough to bankrupt even people who are financially stable.  Medical bills are the number one cause of Chapter 7 and Chapter 13 personal bankruptcies.

Typically, you can get health insurance as a benefit of working for an employer that provides this plan.  If you are self-employed  or not employed, you can purchase health insurance plans on your own.

76 comments:

  1. You should right a post about temporary health insurance. I need to brush up on my health insurance skills.

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  2. Hah. So typical. I saw one like this in the paper the other day where crims were putting the BANKSTERS in the jail. Maybe one day it will be real news and not just a picture. Anyway, nice post-- saved!

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  3. Well, that's a rather depressing end to the adventure there.

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  4. Nice post, thanks for sharing us!

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  5. Informative post. Good to know

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  6. Even though i'm in the UK, i still found this very interesting.

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  7. Hah! kinda funny one. I'm from Holland tho, where you HAVE to have an health insurance, much better system opposed to America imho. Nice post man!

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  8. God i really need to get back on health insurance

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  9. very helpful for people with no plans

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  10. I am trying to shop for car insurance. Sure is a pain.

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  11. Man, I didn't knew health insurance was such a hassle to get in the US...

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  12. That pic is depressing. lol

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  13. You know the deal right? Why dont you follow it then? Im expecting support :P

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  14. well US insurance system suck
    i dont understand why so many are against Obama's plan. The nantion should unite and stand behind him and force the congress and the opposition.

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  15. Hmm its a big risk without health insurence so better to get some

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  16. ah thanks, i think i'll need this

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  17. Jees.... thats alot of info!

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  18. everything ends with "the end" lol

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  19. There are so many loopholes in health insurance. Such a pain.

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  20. I might have to get me some health insurance soon, been feeling like death for weeks.

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  21. Health insurance greatly relies on scales of economy due to its collective risk pooling nature.

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  22. Health insurance is a real pain in the rear in the US. It's seen as more of a privilege than a necessity. Lots of working class people are left without adequate health coverage, so it's not an issue of wanting something for nothing.

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  23. nice blog dude..veri interesting

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  24. I'm Canadian. I always have a happy ending.

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  25. In portugal we have "almost" free health care, but we use health insurances too as a way to get the treatment faster and with private clinics involved.

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  26. The US system is so confusing..

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  27. you forgot the post, uplifting step: person gets denied by health insurance and dies, mother takes insurance to court and sues for millions, jury sides with mother every time and she wins. Insurance company still not down because not enough people understand their policies fully

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  28. That comic is perfect, haha

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  29. great post with a nice pic. great blog as always

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  30. lol so true. Unemployed people get the shaft.

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  31. I want coverage for the sickness i get from dealing with the Health Insurance.

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  32. Loved the comic style of the adventure hehe

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  33. it's getting more and more expensive each year, sad

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  34. kewl, thnks for the info :)

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  35. haha the comic is great D:

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  36. Health Insurance is Health Insurance

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  37. i guess everyone ends up in the same place in the end

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  38. So many arrows O_O

    Nice info, I am Canadian so I have no worries about my Health care :D

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  39. Very informative, thanks.

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  40. I really need to find a way to get insurance...

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  41. already got me some :)

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  42. very good info, i like the pic

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  43. looks like obama-care will end, what do you think that will do?

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  44. I need better health insurence.

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  45. Funny and true comic.

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  46. personally, i think they should have national car insurance, not health insurance lol

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  47. Good information for everyone, thanks!

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  48. Pretty cool. You should post about how exactly insurance works. Like the math involved. Economics of it etc.

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  49. very glad my job offers health insurance

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  50. hehehe, I'd like to be injured in my job, lol

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  51. hahaha good one :D

    saved that flowchart, thanks!

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  52. It's like SiCKO but a nice flow chart form heh

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