6 Reasons Why You Should Buy Health Insurance
13-07-2019 | Posted By: Admin | 116 View(s)
With so many changes happening in the world of health insurance, it’s no wonder so many Americans are opting out of coverage. With the recent revocation of the individual mandate which charged a penalty fee for not having coverage, a lot of Americans are having a difficult time justifying health insurance.
As costs continue to rise, it’s easy to understand why health insurance is so costly for families. That being said, it’s still one of the most important investments you can make in yourself. There’s no way to predict the future. The only thing you can do is protect yourself today, and that’s where health insurance comes in. Here are 6 reasons why you should buy health insurance.
Top Reasons Why You Should Buy Health Insurance
1. Avoid Medical Bankruptcy
While we like to think of people filing for bankruptcy because they managed their money poorly or borrowed more than they could afford, this isn’t usually the case. In fact, an estimated 530,000 families file bankruptcy every year because of medical bills.
We can all agree that health insurance is expensive, but medical bills are more expensive. If you find yourself or a family member facing an emergency, you can be on the hook for thousands of dollars for just mild treatment. More extreme emergencies can be crippling to your finances.
2.Affordable Care Act
A lot of people make the mistake of thinking they don’t have any options for health insurance if they’re self-employed, work part-time, or they’re unemployed. Thanks to the Affordable Care Act, this isn’t the case at all. You can explore federal and state plans no matter your economic situation, and it might be more affordable than you think. Visit this page to explore the best health insurance plans.
3. Preventative Care
Remember those high costs we talked about earlier? It’s actually possible to avoid the majority of those if you take advantage of preventative care. With most health insurance plans, preventative care like yearly exams are included for free.
Why is preventative care so important? The faster you’re able to detect problems with your health, the less time they have to become serious. They’re also much easier and much more affordable to treat in these early stages.
4. Pre Existing Conditions
Before the Affordable Care Act, it was expensive or downright impossible to get coverage for preexisting conditions. This is no longer the case today. Insurance companies are no longer allowed to cancel coverage or deny coverage to someone with a preexisting condition. This means you have no excuse not to find coverage no matter your current health status.
5. Healthier Lifestyle
In this day and age, we can all stand to lead a healthier lifestyle. There’s recently been a rise in conditions like diabetes and heart disease. The only way to fight back against these problems is to take care of yourself. That means you need the right health insurance coverage. It’s time to start taking your health seriously like the investment it is.
6. More Affordable for Everyone
Did you know that the more people have health insurance, the more cost-effective it is? It’s true. Health insurance works by pooling the risk within a group. Everyone is paying into the same pool of coverage, so the more people who have insurance, the less costly it is for individuals.
In addition, the more people that have insurance, the more likely insurance companies will increase their benefits. This helps the market be more competitive, a benefit everyone can appreciate.
Protect Your Future
It’s easy to see why people are so overwhelmed by health insurance. Especially in the current political climate, many are choosing to opt out of coverage and wait for a better situation. However, this is the wrong strategy.
It’s essential to find the right health insurance plan to suit your needs. Only then can you feel confident in your future and your health.