Did you know that in 2018, 27.5 million Americans didn’t have health insurance? People postpone treatments or end up with a chronic disease. If you want to learn about the importance of health insurance, we can help.
In this guide, we’ll go over what happens if you don’t have health insurance.
Want to learn more? Keep reading.
What Happens If You Don’t Have Health Insurance?
If you have a medical emergency, you could be in financial trouble. If you have a broken leg, you could end up spending 7500 dollars.
Cancer care is quite expensive and can cost thousands and thousands of dollars. An average three-day visit could cost 30,000 dollars.
If you end up with a chronic disease like cancer or heart problems, you will have to pay a lot of money. A lot of hospitals will try and work with you and create a payment plan. Yet, minimum payments could still be costly.
Even if you can make the payments, it might take you a few years to pay it all off. The debt you have could end up affecting your credit.
You Might Not Be Able to Afford Preventative Care
If you don’t have insurance, you might not be able to afford the preventative care you need. Preventative health care will prevent diseases or conditions down the road.
Annual physical exams can help to identify problems. When a person can get regular physical exams, they can take early steps to treat a condition.
Prompt medical treatment for ear or sinus infections will also prevent serious complications.
You Might Postpone Treatments
If you don’t have insurance, you might not go and get care. People without insurance will skip or postpone the care they need.
When you postpone treatment, you could end up with a worsened disease. A lot of the time, you could have prevented these diseases or illnesses.
People tend to focus on housing or food and wait on getting insurance. Sometimes, you will need to seek medical help in the event of a severe emergency or if you have impaired organs.
You Will Feel Worried
Even if you don’t have a medical emergency, you still might feel slightly uneasy knowing that you aren’t covered.
People who have an affordable health insurance policy feel more peace of mind. When you’re covered, you don’t have to worry about what could happen in the event of an emergency.
Do You Have Any Options Right Now?
If you are currently uninsured, you should look at trying to get some coverage. There are many different options available at different prices.
Look at getting cost-effective and quality insurance through your employer. You could also look at getting it through your state’s healthcare exchange.
There are even some group insurance options through organizations like Costco. You can find out about different options through the Health Insurance Marketplace.
You might even be eligible for financial aid to cover insurance. Sometimes, you can qualify for tax credits that will cover part of your premium.
Look For a Plan That Will Fit Your Specific Needs
Do you see your doctor frequently? If so, you’ll want to get a plan that has lower deductibles and copays. If your expenses strain your paycheck, look for a plan that has lower monthly premiums.
High-deductible plans will have lower premiums. Suppose you aren’t able to go to the doctor often. In that case, it doesn’t make sense to pay significant premiums for a low-deductible plan.
If you’re unsure about what coverage will work for you, ask yourself a few questions beforehand.
Overall, how is your health? Are you in decent health right now? Do you play combative sports, or are you in a risky occupation? Your insurance needs will get based on your degree of risk at work.
How often do you see your doctor? Did you go a few times last year? You need to consider how much you pay for lab work, urgent care, office visits, or prescriptions.
Add this up to get an idea of how much you will spend on your annual health care.
Health insurance is a necessity. There are other things that are less important in your life that you could cut back on.
If you aren’t able to afford coverage right now for yourself, make sure you get some for your children. You don’t want to get put in a situation where you can’t afford treatment.
Find out if there’s a plan that can fit your budget. You will have peace of mind.
Looking for an Expert Opinion?
If you still aren’t sure what insurance coverage to choose, you should reach out to a specialist.
There are lots of insurance agents who can provide insight into your situation. The agents spend their days working in insurance and can help make a plan that will fit your needs.
Look for an agent who will get a few quotes from different health insurance companies. Professionals will help you find a low cost insurance plan.
Consider Health Insurance Options Today
We hope this guide on the importance of health insurance was helpful. Now that you know what happens if you don’t have health insurance make a plan.
You might need to look at a low-premium insurance plan. If you don’t have insurance, you could pay massive medical bills down the road. The debt load could impact your financial situation.
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