Posted September 23, 2018 07:11:22Insurers are offering more coverage options for the millions of Americans who are buying insurance on their own.
But how much will it cost?
And will they actually be covering you?
We caught up with Humana insurance company CEO David H. Hochberg about the new insurance policies and the company’s plans for the U.S. and Canada.
Hochberg told CNN he thinks most people will get a bit more than what they paid.
He said the company is already working on plans for other countries.
“They’re going to be covering us in Canada,” he said.
“We are going to have the most generous coverage in the world.”
What are the new Humana plans?
How much does Humana cover?
Here are the key highlights:Humana plans are the same as those offered by the major insurers, but they include coverage for the catastrophic event that kills you.
That includes heart attacks, strokes, strokes from a heart attack, strokes in children under six, heart attack with symptoms, and any life-threatening conditions.
The company says it will cover up to $250,000 in medical expenses, but it says most people won’t be covering that.
In a statement, the company said it’s working with hospitals and medical providers on how much it will be paying for care, including how much is covered for certain medical conditions.
The statement also said that it will pay $20,000 per incident for life-saving treatment.
But, the insurance company said, most people aren’t covered.
“Most of our customers are in the 10 million to 20 million people that we serve that are in catastrophic events that result in death,” the company says.
“We are very concerned about the safety and well-being of our consumers and employees, especially at a time when we have experienced such a spike in the use of the opioid epidemic and the associated coronavirus outbreak,” the statement says.
Hogan told CNN that it’s very important that Americans know what is included in the new plans.
“I’m trying to tell you that most of the coverage that we have is for life and that includes catastrophic events,” Hogan said.
He added that he would like to be able to cover life-ending conditions.
“So, the most important thing is to have all of the basics covered,” Hogan told CNN.
“The only things that you need to get covered are the most common things that people have.
But, obviously, there are things that are unique to certain individuals, and we want to make sure that you are covered.”
Hogan said the new coverage won’t cost you much more than the old plans, but he’s not sure if it will save them money.
Hulbert’s company said in a statement that it plans to offer coverage to as many as 3 million Americans.
That number is slightly lower than the current policy limits, but Hogan said that they are working on more coverage.
“Our goal is to get to that point where we can offer coverage that is at least equal to the current policies,” he told CNN, adding that it would be difficult to get that number if the policy limits were doubled.
What are your options for coverage?
Hogan added that the company has been working with insurance providers and doctors to try to find ways to make life-sustaining care easier.
But Hogan says it won’t necessarily be as simple as that.
“There will be things that we are not doing, things that I think are going be challenging to get through,” Hogan explained.
“But we will try to make it as easy as possible to get all of these things covered.
We are not going to change our current policy for you, but we will do something.”CNN reached out to the American Cancer Society to see if it was aware of Humana health plans.
A representative said the society was not aware of the plans.
The American Cancer Fund said it was working with Humantas and other insurers to find out more about the plans, and will continue to monitor the situation closely.
“The American Association of Retired Persons (AARP) is the nation’s largest retirement insurance provider and has more than $3.3 trillion in assets to cover retirement benefits for American families and individuals,” the group said in an email to CNN.
“It is important that everyone who wants to keep their coverage and benefits covered has the tools they need to do so.”
For more health news, watch the video above from CNN Health.