gainesville florida insurance facts

Health Insurance Facts

Health Insurance - Understand your Deductible and Out of Pocket Maximums - having a lower deductible doesn't mean you will spend less for your medical expenses. Some plans offer a lower calendar year deductible, but have high out of pocket maximums. Pay attention to your total out of pocket costs when considering a health plan.

Thinking about going without health insurance - Illness and medical bills caused half of the 1,458,000 personal bankruptcies in 2001, according to a study published by the journal Health Affairs.

A recent study by Harvard University researchers found that the average out-of-pocket medical debt for those who filed for bankruptcy was $12,000. The study noted that 68 percent of those who filed for bankruptcy had health insurance. In addition, the study found that 50 percent of all bankruptcy filings were partly the result of medical expenses.9 Every 30 seconds in the United States someone files for bankruptcy in the aftermath of a serious health problem.

Flood Insurance Facts

Did you know that 25% of all flood claims are from people who live outside a high-risk zone?

Image how expensive it would be to re-build your home or business and replace your valuable possessions. Flooding is responsible for a significant portion of property damage in the United States, but only 38% of people living in High-Risk flood zone have a flood policy.