Posted on 01/14/2013 6:04:28 AM PST by edcoil
Be careful to review the policies carefully. There are some policies that are not “insurance” but rather an indemnity policy. This means that there is a set amount that they will pay you for specific occurrences. For example, they may pay up to $XXX per day for hospitalization. This is different than paying X% of your hospitalization charges. Or, they may have set values for certain surgeries or procedures. These policies have strict limits on total payouts also. Mega Life is one of the companies I have seen pedaling these policies in the past. I agree with other comments, group policies are usually much richer than individual policies.
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