Does Your Health Insurance Protect Your Medical Expenses?
It does not follow that your health insurance will cover your entire medical expenses. Even if you have a health insurance, you will still shoulder a great percentage of the total cost of your medical expenses. As an example, a family with four members who has an ordinary Preferred Provider Organization or PPO insurance plan will receive more all less $14,500 to cover the regular medical services per annum. The insured will be responsible for the out-of-pocket expense which is more than one third of the cost amounting to $5,100 that comes in the form of deductible, premiums and co-pays.