Health Insurance

A health insurance plan can help cover some of the costs of medical bills if you or a family member are sick or injured.


Health Insurance

Health insurance provides the money needed to help pay for hospital or other medical bills that occur if you become ill or are injured in a non-work-related injury or accident (a work-related injury or accident would typically be covered under workers' compensation insurance).

What is covered under health insurance?

Health insurance includes major medical coverage after you pay the deductible amount. Most health insurance plans pay 80 percent or 100 percent of your major medical bills after the deductible has been met.

What are the advantages of an HSA?

As a Doctor of Chiropractic, you probably handle the majority of your family's health care. So you might want to consider a higher-deductible policy because you are less likely to use medical services, plus you'll benefit from lower premiums. Pairing an HSA (Healthcare Savings Account) with high-deductible medical coverage may be a good choice for you.

When you enroll in an HSA-qualified health program, you select a higher deductible than generally found in traditional health plans. As an HSA participant, you can then invest a portion of your premium savings in a healthcare savings account where it grows tax-deferred. Your contributions to an HSA also help lower your taxes, because all money invested in an HSA is 100 percent tax-deductible.

If you become ill or injured, you simply use the money in your HSA to pay for your medical care. And your high-deductible medical plan takes care of medical charges as soon as you meet your deductibles.

The information in the NCMIC Learning Center is offered solely for general information and educational purposes. It is not offered as, nor does it represent, legal or professional advice. Neither does this information constitute a guideline, practice parameter or standard of care. You should not act or rely upon this information without seeking the advice of an attorney familiar with the specific legal requirements of the state(s) in which you practice. If there is a discrepancy between the site and an insurance policy you have with NCMIC, the policy will prevail.