Have you ever noticed how money always seems to be going out to insurers; why not consider changing that situation around? Even though it would take some kind of loss on your behalf to gain something in return; to have some money coming back to yourself is worth the protection. In the insurance world carriers by far seems to be coming out ahead of the game on most occasions. However, as consumers we have to learn the fundamentals of the insurance industry.

Whenever there is a loss of some kind, insurance is there to ease the financial burdens that comes along with major mishaps. Have you thought about when things do go wrong, more funds are spent on fixing and repairing things that you have, rather than on ourselves. The human body is a mechanical machine that goes constantly; the only way to find relief is to rest and recuperate when fatigued.

However, when we do break down and have physical challenges of some sort; how many times have you received monies in return for a sickness or illness? Chances are you have not received a penny; if you do not have the right kind of health and life insurance products in your financial portfolio. We are of more value than anything we could possibly have in our possession; Luke 12:7 and life does not consist of the materialism we come so accustomed to; Luke 12:15.

To understand key elements of how a plan work; most health plans consist of deductibles, co-insurance, co-payments, and maximum out of the pocket protection. These four elements all require you as a consumer to spend money rather than receiving any funds in return due to any physical conditions you may experience periodically. These elements will eventually help pay your bills. For people who have group or individual coverage, how do you pay these medical expenses before these four elements begin working on your behalf?

To help fix this financial issue, why not get paid when an illness or sickness occurs? Out of pocket protection plans are perfect solutions for people with high deductibles. Think about it, when you experience loss to houses, cars, boats, and other personal or business related properties, a claim is filed and monies are disbursed if the claim is legitimate and things get fixed eventually.

Well, it should be the same with our physical health and well-being. The difference would be funds are coming directly to yourself, rather than to the provider who helped take care you when something happened to your physical man. Just as we protect our possessions, more importantly is to protect ourselves and the funds entrusted to us. This way financial worry would not be a concern and your recovery process can be normal as anticipated. Also, you will be able to keep the bills paid and concentrate on healing to get back on your feet again.

Now is the time to get serious about where you stand when it comes to both your finances and health and well-being. Get the insurance you need and not the coverage the government tells you, you must have. Be encouraged and don’t get caught being uninsured especially if you have good health and the discretionary income to do so. This is using good financial wisdom to make certain it is well with your soul and your pocketbook.

Source by Clark A. Thomas

By mike