Health insurance is expensive. There’s a reason the government tries to change laws and regulations within the industry seemingly every year. Prices are ever increasing, and many people simply cannot afford coverage any longer.
So, why is health insurance so important? Because the future is unpredictable and accidents happen. You never know when a life changing event will require your health insurance coverage to kick in.
Do Healthy People Need Coverage?
Even for healthy, young people who have a great history of being healthy – health insurance is an absolute must. You simply cannot go along without having some form of policy or plan in the modern day.
Why? Well, here are six reasons why health insurance is necessary even if you’re perfectly healthy:
Peace of Mind
We cannot predict the future. We don’t know what’s going to happen five minutes from now – much less in the next five years. As humans, we simply don’t have control over every facet of our lives. That’s not how the world works.
As such, health insurance was created to offer us peace of mind. Instead of having to worry about anything and everything, we can live a life of confidence. We know our insurance has us covered in case anything bad happens to us from a health perspective.
Health insurance can save you thousands of dollars when the unthinkable happens. Without the insurance, you could be on the hook for tens of thousands of dollars. With coverage, you only have to cover your premiums and a deductible.
Many believe they cannot afford health insurance. Some healthy individuals think that the price of health insurance is too costly to justify paying a high-priced premium. Others think that healthy people are just flushing money down the drain while paying for coverage.
Not only is this completely wrong, but health insurance doesn’t have to be pricey, either. With Obamacare, tax credits, and low out-of-pocket offerings – there’s health insurance to fit every budget these days.
Even if you don’t want to break the bank for coverage, it’s still a good idea to see what type of plan you can afford. You’ll pay a hefty tax fine if you don’t have coverage. As well, there are high deductible plans that cover protection at a low price.
Primary and Preventative
One of the best things about modern coverage is all the included primary and preventative care options that are included by law. For example, your coverage will include complimentary annual checkups, contraceptives, mammograms, vaccinations, screenings, and so much more.
When paid for out-of-pocket, you’d spend thousands for the above services. They are all included as part of a reasonably priced health insurance policy. All you have to do is take advantage of the included services.
Don’t Do Anything Illegal
When the Affordable Care Act was passed, it included regulations that made some form of health insurance a mandate for all citizens. This means that it’s actually illegal to not carry health insurance in the United States.
If you refuse to get a health insurance plan, you’ll run into a mirage of issues. First, you endanger your health. Second, you could set yourself up for a huge financial hardship in the future. Lastly, you’ll face a huge tax penalty if you don’t have coverage.
While a policy may seem pricey right now, the downsides to not having coverage far outweigh the cost savings. This is especially true when you factor in the illegalities of not purchasing a plan.
While hospitals cannot deny coverage to anyone due to their ability to pay, follow-up care can certainly be denied. This means you may not be able to afford rehab and recovery services after you have an accident.
For example, if you tear an ACL playing soccer, you’ll need 8-10 months of rehab following the surgery. This ensures your knee regains the strength and flexibility it needs to function like normal, again.
Without insurance, you’ll be paying around $150-300 per week out-of-pocket for proper rehab care. Over the course of a full rehab for such an injury, you’re talking $8,000 or more in costs. With insurance, you’ll usually just pay a small co-pay for most of your visits.
A Family Needs Coverage
Lastly, one young and healthy individual may be able to get away with not having health coverage for a bit. A family won’t. Kids get sick. Kids play sports. Injuries happen. When you have a family, the likelihood of someone needing medical care increases drastically.
Do NOT go even a day without having medical coverage for your family and children. You may be healthy, but you cannot predict what your family members will do day-in and day-out.
You Need Health Insurance
It’s not optional. Health insurance is a must these days. The common reasons above are just the tip of the iceberg. There are a plethora of reasons why getting a policy is essential. Don’t run the risk of financial and physical ruin. Get your plan before it’s too late.