Inflation… We understand the concept-goods purchased now could be more expensive in the future. For example, 30 years ago a cup of coffee cost 25 cents. That same cup of coffee will now cost your $3.00 at Starbucks.
On the reverse side things like televisions and laser eye surgery have gone down in price.
We discovered the chart below and made a point to show it to all our clients.
The chart illustrates inflation form 1997-2017. Items such as TV’s, clothing and toys have gone down in price. What’s gone up is housing, childcare and #1 hospital costs.
Why is this important?
This is important due to the fact many policies being sold today have limits for hospitals. Such companies as U.S. Health Advisors, Liberty Health etc. offer protection in a hospital that will leave an individual bankrupt.
E&M Global Insurance makes sure our clients are properly insured. This includes plans with no caps for hospitals and a myriad of benefits. If you have any questions do not hesitate to contact us.