Health Insurance Isn't Enough

1. A HOLISTIC APPROACH TO
HANDLING HEALTH CARE
Why Health Insurance Is Not Enough

2. Affordable Health care can be
complicated and hard to
compare. You should consult a
health benefits advisor.

3. Health Insurance
pays for this.
Who pays you
when you are
sick or injured?
Doctors Fees
Hospital Bills
Medications
Major Medical Expenses
Income Loss
Mortgage
Living Expenses
Credit Card Bills

4. Medical Bankruptcies
Average medical bankruptcy filer: 45 years
old, employed, college educated.
40% of medical bankruptcies due to lose of income as a result
of medical illness or accident.
6% of medical bankruptcies mortgaged their home.
20% of all medical bankruptcies listed continued prescription
drugs and therapy long after the recovery.
61% of all bankruptcy filings are directly related to health
care costs.
78% of medical bankruptcies had health insurance coverage.

5. Entrepreneur, Businessman,
Community Volunteer
• 40 year-old man
• 6 foot tall
• 195 lbs
• Non-smoker
• No pre-existing
conditions
• Family cancer history
• No meds

6. Health Care Insurance
$2,500 Deductible
• $35 copay with any
physician (specialist
included)
• $2,500 accident supplement
• Prescriptions Coverage
• 80/20 Coinsurance
$10,000 Deductible
• $35 copay with any physician
(specialists included)
• $10,000 accident supplement
• Generic Prescription
• 70/30 Coinsurance
• Essential Components
– Critical Illness Supplement
– Accident Hospital Supplement
– Hospital Confinement
Supplement

7. What would happen if
I ended up here in the
Emergency Room?

8. I am having a heart
attack…what do I do
now?

9. Example: Heart Attack: Critical Illness
(Out-of-Pocket) Costs
$2,500 Deductible
• $2,500 Deductible
• $2,500 Accident Supplement
• Coinsurance 80/20 another
$5,000.
• 10 day Hospital Stay
• Total Out-Of-Pocket $5,000
• NO INCOME PROTECTION
• NO CASH FOR HOUSEHOLD
EXPENSES
• NO CASH FOR MEDICAL
EXPENSES NOT COVERED
$10,000 Deductible
• $10,000 Deductible
• $10,000 Accident
Supplement
• 10 day Hospital Stay
• Coinsurance 70/30 another
$5,000 ($10,000 +$5,000)
• Critical Illness Supplement
– $52,500 paid directly to
policyholder.

10. What would
happen to me
and my
business if I
fell off these
ladders?

11. Example: Ladder Accident (Out-of-
Pocket Expense)
• $2,500 Deductible Plan
• $2,500 Deductible
• $2,500 Accident
Supplement
• 3 days in the hospital
for tests and
observations
• 80/20 coinsurance
another $5,000 out of
pocket
• $10,000 Deductible Plan
• $10,000 Deductible
• $10,000 Accident
Supplement
• 3 days in the hospital for
test and observations
• 70/30 coinsurance
another $5,000 out of
pocket
• 30% of $25,000 coverage
• $2,500 in your pocket

12. Health Insurance For $200 a Month
$2,500 Deductible
• $35 copay with any
physician
• $2,500 accident supplement
• Prescriptions
• 80/20 Coinsurance
• Major Medical
$10,000 Deductible
• $35 copay with any physcian
• $10,000 accident supplement
• Generic Prescription
• 70/30 Coinsurance
• Major Medical
• Essential Components
– Critical Illness Supplement
– Accident Direct Supplement
– Hospital Confinement
Monthly Premium $180.14 Monthly Premium $180.92

13. “Life Insurance takes care of
your loved ones after you are
gone. Health Insurance enables
you to enjoy your life with your
loved ones.”
Cody Randazzo

14. “The only thing that can
change between now,
tomorrow, next week, or next
year for an affordable health
insurance plan for you is your
health.”
--Cliff DiRoberts

15. Health Insurance is a lot like an
umbrella; it’s only when you use
it do you find the holes in it.
Review your plan with a health
care benefits advisor.

16. Mike Becko
Benefits Advisor
Cell
(480) 203-6827
Work
(480) 350-7597
mbecko@insphereis.com
Linked In
www.linkedin.com/pub/micha
el-becko-mba-lion/1/174/424
Facebook
mike.becko@facebook.com