Does anyone have the Mid-West Live insurance company of Tennessee?

February 5th, 2012

Question by knight d: Does anyone have the Mid-West Live insurance company of Tennessee?
An insurance agent sold this to my parents and I wish they put everything into layman’s term.
They bought this through a group called the Alliance for Affordable Services.
They have a $ 5000 deductible but the policy reads like this:
Hospital room/board has CoInsurance of 100% with Maximum up to $ 1000 per day.
What is Coinsurance? Do they still have to pay something after their $ 5000 deductible?

Thanks in advance.

Best answer:

Answer by Insurance Pickle.com
YES. If the hospital is $ 5,000/day they’ll have to pay $ 4,000 per day since their policy only covers $ 1,000.

Tell them to find another policy. They are owned by Health Markets which used to be UICI which also owns Mega Life and NASE. The policies between Mega and Mid-West are practically identical. And if you do a search for “Nase Complaints” you’ll find plenty of reasons to get rid of the policy.

Read this page on my site…it’s mostly about NASE because they’re more well known, but I have copies of the Mid-West brochure too…

http://www.insurancepickle.com/health-insurance/nase.shtml

Bottom line is they bought a ‘hospital/surgical’ plan with very limited benefits. They didn’t buy a major medical policy. AND, most importantly for the same or less money they could have bought a much better plan.

Add your own answer in the comments!

Popular Posts:

Related Posts:

Leave a Reply