All about risk protection

I am writing this entry from a hospital bed in downtown Seattle. I pride myself in being in good health and working hard to keep it that way. I was shocked yesterday when I received a call from a technician after having a CT Scan that I have numerous blood clots in both my lungs and that admitting papers have been sent to hospital to admit me to get rid of the clots and keep them from coming back.

I definitely have a better understanding of the health care system after experiencing it first hand. It does work and I am grateful for that. I am doing well and expect to be out of the hospital today and back to a normal life in a couple more.

This bring up the need to fully protect oneself from the high cost of hospital care and being prepared for the unknown. I don't know how much a stay in a hospital costs each day but it must be in the multiple thousands of dollars. I find it a small price to pay for health insurance coverage to protect against the cataclysmic cost if extensive health care is required. I don't have enough assets to draw on to self insurance so insurance coverage is a necessity.

It was interesting that a few days ago I was helping my son's girlfriend with some tax and financial planning issues. During our discussions I discovered that she did not have any health insurance coverage. I counseled her strongly to get health insurance coverage because one never knows when your day might come that requires health care. My experience put a scare in her to take action. She shared with me during my first day at the hospital that she is researching insurance coverage and will have it in place soon. Don't be one of the 47 millions that are uninsured.

Only God knows what our future will hold with many activities of our lives beyond our control. Having health insurance coverage is just one of the pillars to fully protect oneself, out families and property from the outside world. Fortunately I have the pillars in place to protect against the worldly risks.

I will be back into the outside world soon. Keep in touch.

Bruce