Tag Archives: Insurance

Are You…In Good Hands

Now, insurance it’s self isn’t evil.  It’s a great idea at it’s core, spread the risk so that you Ins3aren’t wiped out by disaster.  Even at bad companies there are good people trying to do what is right or just earn a living, but as consumers it is our duty to vote with our wallet.  It is up to all of us to get companies to change by showing them we will not support bad practice.  Unfortunately many people are not informed when they cast their vote.  It is in that vein that I present this information.  The next time you go to vote on insurance companies you will be able to do so armed with information.

I present to you the ten worst insurance companies in the USA as determined by the American Association for Justice:

TEN WORST INSURANCE COMPANIES

1. Allstate

2. Unum

3. AIG

4. State Farm

5. Conseco

6. WellPoint

7. Farmers

8. UnitedHealth

9. Torchmark

10. Liberty Mutual

Ins2This list is a part of a document they have produced and put out (Find the full document here).  They took their time and did their research, after all they are lawyers.

“To identify the worst insurance companies for consumers, researchers at the American Association for Justice (AAJ) undertook a comprehensive investigation of thousands of court documents, SEC and FBI records, state insurance department investigations and complaints, news accounts from across the country, and the testimony and depositions of former insurance agents and adjusters. Our final list includes companies across a range of different insurance fields, including homeowners and auto insurers, Ins1health insurers, life insurers, and disability insurers.”

As a chiropractor I deal with insurance on a regular basis and have written on this topic before.  The more people we can educate the better systems will be demanded.  Pass it on and help change insurance, not through the federal government, but through the power of the people.

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Does My Insurance Cover Chiropractic?

This question brings on a rant in me. Here I go…

First of all let me lay out the basic premise of insurance. It is a group of people pooling their resources so that in the event that some rare bad thing happens they can cope with it. Until that bad thing happens those resources can be used. This situation applies well to home insurance, because not everyone’s house burns down. Accidents happen though, and if your house were to burn down, or wash away it would be a major loss, so a group of people get together to cover each other in case of fire, flood, hurricane, etc… They pay someone to manage that situation. So they are covered if the unthinkable happens and a job is created. That is a great idea, and system. The same thing works for car insurance, and many other things. Even with life insurance the company is unlikely to have to pay out until they’ve had enough time to make a profit on the investment. And the premiums reflect that. You only pay $50-100 a month for most types of insurance, and the insurance man can still keep his job.

Insurance works because it protects you for something that is “unlikely” to happen. This is why health insurance cannot work. Everyone needs health care (even the healthy 25 year old should be getting an annual checkup). The insurance companies are paying out all the time. It can only work if most of the people don’t use it. But here in America everyone uses healthcare fairly regularly. That puts the insurance company in the position of trying to get customers not to use their service. With chiropractic it’s even harder to justify with 8 out of 10 people estimated to have back pain, insurance companies would only be making money on 2 out of 10 customers.

With health insurance, premiums can easily be as much or more than your mortgage. And most people just pay it. They pay their thousands per month. Then they don’t want to use the benefits because they have to pay out of pocket anyway to meet their deductible and a co-pay.

As far as insurance and chiropractic goes. I accept most insurance plans. Some I don’t because they’re ridiculous. When my patient has a $35 co-pay on top of his premium, and my cash (time of service) rate is $40 it is cheaper for them to drop the chiropractic coverage and just pay out of pocket. That’s what I recommend for most people.

I prefer people pay out of pocket for many reasons. First, it is cheaper for them. Second, I don’t have to ask permission from someone who isn’t even involved to do a procedure, because it may not be covered. Third, I don’t have to pay a collections agent to go get half the money promised by the insurance company. And lastly I don’t have to bill the patient again when the insurance says that they will only pay part of the bill.

So, the answer to the question is yes your insurance company will probably cover chiropractic, but if it doesn’t don’t worry about it, you’re probably getting the better deal. If the unthinkable does happen to you, such as being in a car accident, then they will cover your chiropractic care anyway, and they don’t make you pay a co-pay.

Take good care of your self. I’ll be here if you need me.