Are You Covered?

Are You Covered?

The entire world is on high alert with the outbreak of the Novel Coronavirus. Even with the efforts of lock downs and safer-at-home orders, the number of confirmed cases globally has reached 500,000 and continues to grow. It is recommended that we not only try our hardest to avoid it, but to assume we will get it; stock up on fluids and other the counter cold and cough medications and stay home to limit the spread.

But what if you do end up needing medical care? Are you covered? Does your health insurance plan cover the cost of an emergency room visit, lab work and testing, care and possibly admission into the ICU? Time Magazine interviewed a woman who reported a hospital bill of $34,927.43 for her testing and treatment of COVID-19 at the end of February. “On March 18, Congress passed the Families First Coronavirus Response Act which covers testing costs going forward, but it doesn’t do anything to address the cost of treatment.” -Abigail Abrams at time.com

The cost will depend on the type of coverage you already have and how complicated or uncomplicated your case is. Some plans have a very high deductible which needs to be met before the insurance picks up any of the cost. Perhaps you don’t qualify for insurance through your employer and missed open enrollment in 2019, leaving you with no insurance coverage. What are your options?

Many states are creating a “special enrollment period” to allow the uninsured to sign up midyear. Unfortunately, at this time, we don’t know if/when this will be an option in Wisconsin, but we are very hopeful. Or you may qualify for a short-term policy, which will get you coverage until open enrollment starts in fall.

There are a few insurance carriers that have a minimal plan for virtual appointments. For around $20 per month, you can log onto your computer, tablet or phone to talk to a doctor about a current ailment, and even get prescribed medications without stepping foot into a clinic. Think: bronchitis, ear infections, sinus infections; prescription sent straight to the pharmacy. Going forward, we will likely see a lot more virtual medical care as a safe alternative to leaving the house while ill.

If you are uninsured, I highly suggest reaching out to a licensed insurance agent to discuss your options. We are here to assist in this stressful and confusing time. Please take precautions for your own health and the safety of those around you. Stay safe and be well!