Athletes pose a stimulating dilemma for a few insurance carriers. The thinking goes like this: for the foremost part, these people are very healthy (exercise, eat well, lookout of themselves), but on the opposite hand they’re at serious risk for injury-a simple Achilles tendon tear isn’t only very painful for you, but also very expensive for insurers.
More and more sports are generating their own specific sorts of injuries (tennis elbow, runner’s knee, etc.). Other common sports injuries include: sciatica, concussions, structure injuries, severe sprains, and fractures. additionally to initial treatment and follow-up, many (if not most) of those injuries require expensive rehabilitation therapy.
When it involves health care risk, not all athletes are created equal. Golfers and badminton players will always be lower risk than football and hockey players. Then there are adrenaline sports like motocross, hiking , and gliding—in an insurance category of their own.
Health Insurance Specifically for Athletes
Professional league athletes and Olympic team athletes can usually get group insurance , but part-time weekend warriors have a tougher time. Included therein weekend warrior category are elite athletes who spend nearly all of their non-working, non-sleeping hours training, but aren’t connected with a league, club, or organization that gives group insurance . While this is often discouraging, there are companies that are actively looking to insure athletes such as you . Some insurance companies are a touch more athlete-friendly than others. due to this, you will be more happy getting to an insurance agent that represents several companies, instead of someone who represents just one company.
Most insurance applications will ask directly whether you engage in specific high risk activities like racing and parachute jumping. additionally , underwriters are going to be trying to find other information that means you’re at high risk for a sports-related injury. an honest indicator is your past medical record .
Some amateur sport associations require that each one participants carry individual insurance and can invite proof before granting membership. they’re also a superb resource for researching companies that cater to athletes. If you’re an elite athlete and travel out of state periodically for events, you’ll be wanting an idea with a generous provider network that has access to physicians in many nations . an alternate may be a plan with a coffee penalty for seeking out-of-network services. Also, if you’re anticipating frequent injuries, search for an idea with a coffee deductible. Expect to pay dearly for this, though-especially if you have already got a history of sports-related injuries.
With a baccalaureate from Marquette University and a graduate degree from DePaul University, Jeff Gibellina has researched and written several articles regarding the insurance sector. Whether offering insight on government mandated insurance programs or private industry practices, Jeff has developed a radical understanding of the oft-complicated world of insurance . He consistently strives to simplify insurance so as to offer average consumers a chance to form informed decisions.