Avoiding Medical Bankruptcy - Insurance Agency Explains How

Online, May 20, 2011 (Newswire.com) - Elite Benefits of America is proud to announce the insurance agency will be speaking in front of business owners about ways to avoid medical bankruptcy: "Buying Health Insurance After Health care Reform - 8 Ways to Avoid Medical Bankruptcy". The event will focus on 8 principles the agency shares with their clients about avoiding medical bankruptcy.

"With recent changes in our health care system in America, individuals and families are unsure about what's going to happen. With the ever increasing medical bankruptcies, what says you are not next?" said Butch Zemar, Chief Sales Officer at Elite Benefits of America.

Medical Bankruptcies account for over 50% of all bankruptcies and three-quarters of them had health insurance at the time of the onset of the illness, according to a Harvard University study in 2009. A total of 62% are accounted for medical bankruptcies, up from 50% in 2005(1)(2). According to a recent study in Massachusetts, on their "MassCare" program, bankruptcies are increasing even after a massive overhaul of the state's health care system in 2006.(3)

There is no way to be certain you can avoid bankruptcy 100% of the time. However, the proper tools and guidance you can navigate through the noise of the health care reform, possibly increase your coverage and save money at the same time. Each step you take will better protect you from being one that becomes medically bankrupt.

"You may not have to change your current insurance plan. The information received from this event can be utilized with your current plan. We want to help prevent the local business owners from closing their doors due to a medical bankruptcy", Zemar says.

Butch Zemar at Elite Benefits of America will be sharing eight ways to help avoid medical bankruptcies to business owners in Orland Park, IL on May 26, 2011, 745am. It will be held at First American Bank at 143rd and Lagrange. Business owners from all over are welcome to the event. Please bring business cards to introduce yourself to like minded people.

1) http://www.msnbc.msn.com/id/6895896/ns/business-personal_finance/t/medical-bills-make-half-bankruptcies/
2) http://www.businessweek.com/bwdaily/dnflash/content/jun2009/db2009064_666715.htm
3) http://articles.latimes.com/2011/mar/08/news/la-heb-obamacare-insurance-costs-03082011