Emergency Preparedness & Tips to Stay Safe

Are you prepared for an emergency?

Life is unpredictable, and emergencies can strike at any particular moment. Being prepared, insured, and protected is the most promising decision you can make with your life. Preparing ahead of time in case of emergencies or unprecedented events such as financial fiascos and medical emergencies can pay an immense dividend if something appalling were to happen.

Here are some precautions from physical and financial perspectives if you ever deal with an emergency

Emergencies can happen at any time. Be it a springtime flood, summer hail, a fall tornado, or a winter storm, having the essentials and an emergency chalked out plan prepared ahead of time can keep you and your family safe and comfortable, even potentially saving a life.

Build a Home Emergency Kit

Some essentials that should be in your auto or home emergency kit may include:
• Water – 2 liters per person per day, ideally in small bottles for easy transportation
• Food (e.g., non-spoilable bars, canned food items, and a manual can opener)
• A wind-up or regular flashlight, radio, and batteries
• A first aid kit
• A fire extinguisher
• Extra keys
• A warm blanket, extra clothes, and extra shoes
• Cash including small bills and change for payphones
• Road flares and a whistle (in case you need to alert people)
• Road maps
• A copy of your emergency plan, personal documents (License, Health Card, etc.)
• Daily medical & health prescriptions

Emergency Insurance

Emergency plans are created to protect you in terrible worst-case situations; for example, if you get into a medical emergency and your medical costs shoot up to thousands of dollars. Monthly plan premiums tend to be lower, but you’ll generally need to pay for all health-care costs out of pocket until you reach the plan’s annual deductible, which is usually north of a few thousand.

Here is an overview of how emergency coverage works, including
• Benefits
• Costs
• Coverage

Emergency Insurance benefits & Costs

Catastrophic health plans cover the same minimum health benefits as other plans, including preventive and emergency services, prescription drugs, and more. The difference with a devastating emergency plan is that you must pay for your overall health-care costs until you meet a high annual deductible. Only after your out-of-pocket spending reaches the deductible threshold does your plan begin to pay for most of your covered health-care services. The initial cost might be high, but as you age and become susceptible to the feeble battles of life, having the right coverage will save you big bucks.

Is a catastrophic insurance coverage plan right for me?

A catastrophic plan may be right for you if:
• You want lower premiums or can’t afford more expensive coverage.
• You are relatively healthy and rarely visit the doctor.
• You want to be secured against high medical bills in a “worst-case scenario.”
• You don’t qualify for Medicaid.
• You don’t qualify for a medical subsidy based on your income. Or, you do qualify, but don’t mind forgoing your right to those savings (remember, you can’t get premium tax credits or out-of-pocket subsidies with an emergency plan).

Life is full of uncertainty, and the best option one is to be decisive and precautious before the tree falls. Protecting yourself is a necessity because your life and safety mean a lot to the ones who love you and care.