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In Sickness and in Financial Ruin

By November 6, 2018 Personal Injury

Car insurance.  Home insurance. Renters insurance.  The point of each of these is to set aside money when nothing is wrong to assist you in the event something does go wrong.  If you get into a car accident, insurance will help you pay for repairs or a new car. If your house or apartment burns down, and you lose belongings, home and renters insurance will help you replace them.  But health insurance, despite the misleading name, is a different beast altogether.

If you experience a car accident, your car insurance company cannot tell you that it will compensate you less because the car that hit you was painted blue.  However, that is exactly what can, and often does, happen to people when their health and wellness takes a turn for the worse. If your condition warrants a trip to the hospital, your insurance might not cover each of the days you need to stay there.  If the medications you are prescribed are not generic, your insurance might not cover all or any of the costs associated with taking designer drugs. If your condition is rare, your insurance might not cover visits to a specialist. And if you have a pre-existing condition, you might not be able to get insurance at all.

Aside from the ramifications this insurance “system” has on your actual health, there will also likely be consequences for getting sick in other areas of your life.  If insurance does not cover the cost of your car, you will be paying for doctor visits, prescriptions, and surgeries out of pocket, to name a few possibilities. And money you have to pay for health care above and beyond your insurance premiums means less or no money you will have leftover to pay for food, utilities, rent, or other types of insurance you need to protect yourself and your family.  What happens if you lose your job as a result of your condition? The reality of living paycheck-to-paycheck is all too real for many Americans. What if there is no paycheck at all? Good health should not be a luxury reserved for the wealthy.

If you find yourself in a state of financial insecurity, instability, or ruin due to injury or illness, do not hesitate to contact an experienced attorney to see what options are available to you to get you back on your feet, i.e. bankruptcy, social security disability benefits, or personal injury compensation.