Jump on the bandwagon and get wellness insurance! Okay, so maybe it isn’t the right plan for you. But we hope this brief guide will help you understand what wellness coverage is and where to get this growing type of insurance. The word “wellness” has a meaning beyond mere “health;” it implies a deeper sense of wellbeing in spiritual and emotional aspects as well as physical fitness.
The idea behind wellness plans is to keep you healthy and thereby prevent the need for medical treatment, rather than have you pay an arm and a leg for insurance coverage that looks only to cure you. “Healthy lifestyle insurance” sounds better than “pay your hospital bills insurance,” doesn’t it? After all, think about the following drawbacks of traditional insurance plans:- Members of group insurance plans often lose their insurance when they change jobs.
- Families that are part of group health plans frequently must pay for optional coverage levels that they don’t really need
- Most current health policies do not provide for non-prescription nutritional supplements or other wellness products.
- Most plans paid for by groups don’t allow certain wellness options like chiropractic work or massage therapy.
In contrast to the above mess, an average wellness health plan combines a high-deductible insurance policy with a tax-free savings account that pays for items that cost less than the deductible limits. This plan not only saves you money on the monthly health premiums by raising the deductibles, but it also allows you to store away your own money in a tax-free account for times when you really need it.