Beware of Medical Insurance Infomercials

I do not know about you, but when I see the term “low cost,” I immediately assume the product is of very little use and limited quality. And when I see the Infomercial king Billy Mayes pitching a health care insurance policy…well…I know there’s something wrong. And there is.

The policy he’s peddling is like Swiss cheese. Full of holes…and full of something else as well! Consider these policy provisions on the 1100 Series policy:

<h3>$100 application fee. Sorry…but you NEVER should pay an application fee.</h3>

<h3>Only $1000 of surgery coverage per year. Seriously…I’m not kidding!</h3>

<h3>Limit of $20 per blood test of lab test.</h3>

<h3>Limit of $220 for an MRI.</h3>

<h3>Only $1100 of your hospitalization charges are covered per year.</h3>

<h3>Anesthesia charges limited to $250 per surgery (that’s about 10 minutes, folks!).</h3>

<h3>NO outpatient surgery coverage.</h3>

Inpatient hospital costs such as lab work, blood tests, medications etc…are NOT covered!

And it keeps getting better! For Ohio residents, the cost is NOT $50 per month, as you might expect. Try $159 per month and a whopping $269 per month for an entire family.

At those prices, you should get a food dehydrator, a knives and cutlery set, a pasta maker, a pocket fisherman and an autographed picture of Lebron James.

The focus of this article is not necessarily to bash infomercials. They’re quite entertaining and generally the product that’s being presented, is worthwhile. But health care insurance programs do not belong on infomercials. A health care insurance policy is a contract between the insurance carrier and the policyholder where millions of dollars can change hands.

Granted, this plan is a little better than the dreaded “discount plans” that have flooded the market. But, there are a lot of cheapmajor medical health care insurance programs that are a much better option than Billy’s overpriced product.

A few of these options include UnitedHealthCare’s “Copay Saver” plans, Anthem’s “Value” programs and Aetna’s “Value” plans.