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!
Senate Special Committee on Aging Issues Testimony From New York University Assistant Professor
Arrest reports from April 29 – May 6
Advisor News
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
- Guide women along the walk through widowhood
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- New Arizona law provides clarity regarding firefighters’ health insurance
- Mid-year benefits review: What employers miss before renewal
- Downstream effects of federal cuts seen in Kansas budget, access to healthcare, food assistance
- REP. SUMMER LEE JOINS EDUCATION AND WORKFORCE DEMS IN INTRODUCING BILLS TO PROTECT AMERICANS FROM WRONGFUL HEALTH CLAIM DENIALS
- ICYMI: HOSPITAL CLOSURES AND DATA CENTERS PUT ASSEMBLY DISTRICT 92 IN THE SPOTLIGHT
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News