Insurance! The word alone can make the strongest individual cringe.
I am writing to express my disgust with the insurance industry and the scam it has become.
In September 2022 my extended family sat in my Punta Gorda home hoping for the best. As the storm passed overhead, my pool's solar panels ripped loose from my roof and crashed through my pool cage. Moments later we watched as shingles from my one-year-old roof came flying off along with soffit and fascia. Screen doors were damaged on both sides of the house and my insulation was destroyed along with many other minor items. My homeowners insurance company's response? Damage amount $6,900. My deductible $7,000.
Fast forward to last month. I go down on my motorcycle losing consciousness and suffering a kidney bleed, severe concussions, cracked ribs and several other minor injuries. After a brief stay in the hospital, I am released and get orders for CAT scans. My health insurance company's response: patient responsibility $3,000 for the scan. After a few calls I find that I can pay cash out of pocket just under $1,000 total to get my scans done.
I understand that insurance companies are a business and need to make money but seriously! I don't pretend to know a solution but something needs to be done. Insurance companies pay executives millions and those of us who are at lifetime lows are left holding the bag. This election cycle I will be looking for solutions Mr. Politicians!
Healthy travel tips for older travelers
The Importance of Health Insurance
Advisor News
- How advisors can help frugal retirees finally enjoy their savings
- Wealth planning vs. estate planning: Honoring your client’s wishes
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
More Advisor NewsAnnuity News
- Jackson Announces New Annuity Offering for AARP Members
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
More Annuity NewsHealth/Employee Benefits News
- A Smarter Approach to Employee Health Insurance Costs
- Are GLP-1s Good for Business? The Jury Says …
- Closing gaps in group disability coverage
- STATE AUDITOR JAMES BROWN REMINDS MONTANANS TO UTILIZE ACA OPEN ENROLLMENT PERIOD, CAREFULLY REVIEW ANY LIMITED PARTNER' PLANS
- Anthem Blue Cross and Blue Shield Announces Agreement with Brokers Holding Group to Expand Reach in Georgia’s Small and Mid-Markets
More Health/Employee Benefits NewsLife Insurance News
- Corebridge Financial Announces Third Quarter 2026 Results
- MassMutual announces record $3.3 billion policyowner dividend for 2027
- Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
- Jackson Announces New Annuity Offering for AARP Members
- Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
More Life Insurance News