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Medical Loans: Complete Health Care Coverage

Medical Loans

Insurance plans are cutting costs and services in order to provide low cost health care to be able to cover more Americans. The cheaper plans include higher deductibles, higher out of pocket maximums, minimal coverage, and larger percentages of coinsurance. A medical loan can fund paying for alternative medical services, co-pays, cosmetic surgeries, specialized doctor visits, co-insurance, old medical debt, and other medical expenses. Using a medical loan as supplemental financing to an existing health care plan provides patients full coverage for any type of treatment, service, or procedure.

Medical care services, health insurance, and medicines are some of the largest costs for Americans. Americans are the biggest consumers of medical technology and spend the most on medical bills. The health insurance companies only cover predetermined qualifying medical expenses which are normally just basic services and treatments. Getting antibiotics for an infection, fixing a broken arm, receiving urgent care, taking x-rays, and treating pre-existing medical conditions are covered by most health care insurance plans. When a patient wants to try a different or alternative treatment, many insurance companies will require the policy holder to pay out of pocket. This is where costs can become uncontrollable and debts start to multiply.

71 percent
According to a Federal Reserve report, this is the percentage of Americans ages 18 and up who own a smart phone and have access to online financial services and products.