The Value of Insurance-Protecting Your Wallet Against the Cost of Disease or Injury
Wonderful article: http://www.katc.com/news/types-of-insurance-for-illness-or-injury/ No one wants to think about it. But any of us can become seriously sick or injured. The odds are much higher than you might assume -- and without insurance, the financial impact of disability can be devastating. Surveys show that we think we only have a 1% to 2% risk of disability. The reality is actually more like 30% over the course of a career, says Barry Lundquist, president of the nonprofit Council for Disability Awareness. Conditions such as arthritis, heart disease, diabetes, and depression can compromise your ability to work. The costs of treatment, care, and lost income can be huge. "People tend to think that they're much better protected against disability than they really are," says Richard Frank, PhD, deputy assistant secretary for disability, aging, and long-term care policy at the Department of Health and Human Services in Washington. How can you shield yourself and your fa...