John, a 48-year-old executive, had a heart attack that cost him $60,000 out of pocket: $18,000 in out-of-network emergency care, $6,000 in post-hospital care, $9,000 in deductibles and copayments, and $27,000 in lost income during three months unable to work. The case shows why supplemental living benefits matter.
John was only 48 when he had a heart attack. He was rushed to the nearest hospital where he underwent emergency surgery to save his life. Fortunately, it was successful and John is alive today. But the hospital he was taken to and the surgeon who treated him were not within his insurance network. So there were $18,000 of medical expenses and almost $6,000 of charges for convalescent care and recuperative therapy in addition to more than $9,000 of deductibles and copayments that were not paid by his health insurance. Finally, there was the loss of John's income over the 5 months he was out of work. As a mid-level corporate executive, his salary continued for the first 60 days, but the last 3 months cost his family $27,000 of lost income. In total, John's heart attack cost him more than $60,000 out of his own savings. You see, 20 years ago,
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