Hello my name is Vic Schumacher and the company
is HPE Financial Services. The topic today is, how does health insurance work in the
event of an accident or a car wreck? The idea behind the whole approach is, you have this
event occur and now an ambulance is taking you to a hospital and you have no idea of
where you’re at. The most important thing is, do you have a policy or not? The city
hospital will take care of this medical emergency that has occurred. The question is, who’s
going to pay for it? You have no idea where you’re at. If you have a health insurance
plan, the insurance company would be notified by the hospital due to medical records. They
will somehow come up with your social security number and through a large database, called
the Medical Information Bureau, if you’ve ever been to a doctor or a hospital at any
point in time, you are in that file. From that, they can understand what you might be
allergic to, what conditions you might have had in the past, what medications you might
have been taking. So the hospitals and the doctors know how to treat you. That information
also is there and it indicates if you have a policy or not. From that they understand
exactly how to bill the insurance company or send you the bill. My name is Vic Schumacher.
The topic is, (laughs) HPE Financial Services, helping people everyday.