Lifetime Maximum Health Benefits Eliminated-How It Is Going To Affect You

Health insurance policies with a lifetime maximum benefits attachment, can quickly become a real problem. Unless you can guarantee yourself good health throughout your lifetime, the maximum benefit amount might easily be enough for health coverage, but as most anyone knows this isn't even remotely realistic. One serious health incident can quickly eat through a $1,000,000.00 maximum benefits policy; and then you are pretty much on your own, concerning health care coverage. This scenario makes great content for your own horror story.

The possibility of these policies holders finding themselves in a real health care dilemma has prompted the government to ban such health insurance policies and protecting many Americans, that would otherwise be at the mercy of no health care. On the surface this sounds like a really good thing; however, a closer look will reveal the complexity and maybe not such a good thing after all.

The true nature of this health insurance care option elimination by the Federal Government has given health insurance companies the green flag to drastically increase your policy premiums in exchange for this policy cap elimination. In other words, it will, without any doubt, significantly raise your cost to have a health insurance policy, while not having to worry about your policy expiring because your health care has reached its coverage amount and the policy is automatically voided.

The government's position is quite simple; after all the dust settles in the long run, everything will average out for both the insurance company and the individual policy holder. However this is just one of the many government changes about to take place on the health care landscape and the cost will most likely shift to the shoulders of the policy holders.

Looking at the government plan, it is nice in theory. One does have to wonder who is really going to wind up paying for all these changes and what benefits this new health care plan will hold for those middle class American's who are already footing the bill for their own health insurance. We know that the elderly and the children won't be paying more so it is the middle class adults that will be shouldering all of the burden and that is just one of the many bones of contention that lie in this health care debate.