What is Underinsured?
In health and medicine, underinsured is a common term, and common state of being for many people in even wealthy countries like the US, and it has several definitions. Most commonly it means that people have some insurance but lack enough to truly cover medical costs, and as such, they either go without some necessary medical help or could end up in huge debt if they need significant medical care. Lack of insurance or being underinsured is one of the reasons why so many people fear financial ruin, simply due to perhaps a single surgery. There are several ways to look at how inadequate insurance operates. People with lower incomes may have insurance, but these low incomes can still make them underinsured. If income means a person can’t afford copayments, deductibles or a percentage of the cost for procedures, hospitalization and surgeries, they may have to skip treatment unless it is a life or death situation. Thus, they pay for insurance, but may not be able to use it because the insur
