Medical insurance and large bills

An insurance agent said that a good medical insurance policy will cover the large bill of $150,000.

This may not be the case. Some of the expensive treatments exceed the limits in the policy or are excluded from the policy.

Before you incur expensive treatment, it is necessary to consult your insurance company and check on the items that are covered. This is to avoid the shock of being landed with a bill that you cannot afford.

I have come across many cases of unhappy customers who find that only a small part of the bill is covered by insurance, in spite of what they were told by the insurance agent!

Most importantly, you should spend your money wisely. Do what is best for your loved one, but do not waste money on expensive treatment with a slim chance of recovery.