Most people have a major medical plan with prescription drug coverage. So, why would someone want a free Rx card? Well, it is becoming more common for insurance companies to exclude coverage for pre-existing conditions. When this happens, the carrier won’t cover any doctor visits or drugs related to the pre-existing condition(s). A lot of money can be saved by someone who has a discount Rx card in this situation.
If someone does not have any major medical coverage,
As most people have discovered, a trip to the Emergency Room can be very expensive. However, in a true emergency, most people don’t worry about the cost. Insurance companies do worry about the cost and they discourage policyholders from going to the ER for anything other than a real emergency. As a result, copays are much lower for trips to an urgent care facility. Many carriers are now charging copays from $250 to $500 for an ER visit. The copay for a trip to an urgent care facility is closer to $75.
The financial stability of a life insurance company is very important. When shopping for term life coverage, don’t just look at the lowest cost premium from an insurance company you recognize. Make sure you look at the ratings by A.M. Best, Moody’s and other rating agencies. Consider the Comdex ranking also. The Comdex ranking is a composite of all the ratings that a company has received relative to all other insurance companies. The Comdex ranks companies on a scale of 1 to 100.
