Why do we pay for health insurance?
If you really stop to think about it, the reason we pay for health insurance is because we are scared to death of the possibility that we could get hit by a bus or diagnosed with some horrible disease that will cost a fortune to treat. The costs of paying for such disasters are not affordable for most people. However, if you add up all the costs you pay for insurance over your life, it is significant. Rising premiums, co-pays, denied claims all add up to tens and hundreds of thousands of dollars. Does paying hundreds of thousands of dollars to insurance companies over your life actually make paying for such a disaster more affordable? Most policies are capped and limited to exclude many catastrophic costs. Most medical bankruptcies are filed by people WITH insurance.
The Risk of Disaster
Then again, how often do such catastrophic events really happen? The risks are actually very slim. Health insurance companies know the odds, and they make billions from their healthy customers. Yet any risk at all is enough to motivate us to give away all our money to insurance. What do we get in return? If we stay healthy and manage to avoid out of control buses, we get nothing.
Turn the Odds in Your Favor
Accede turns the odds of good health into your own favor. Most people enjoy relatively good health during their prime years. Perhaps a few normal mishaps and expected events such as having children will occur. However, most healthcare consumers do not experience more expensive care costs until they start to age. Accede will help you build wealth from your good health now so you can pay for your own care in the future. Sound simple? It is.
Additionally, Accede will also help to mitigate the risks of rare and unfortunate health disasters with loan assistance and grants. This may not prevent the ultimate worst case scenario, but then again neither will insurance.
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