The Importance of Health Insurance
List: Posted: 04/13/16
It seems like every year, there are certain costs that continue to rise. Often, these expenses can seem difficult to manage, especially if your budget is tight. If you are looking for ways to cut expenses and save money, there are plenty of options you could consider. Do not, however, think of health insurance as one of them.
Health insurance is absolutely essential in America, which does not have a government-funded free health-care program like most of Europe and many other parts of the world. While it may seem like a high expense, it is important to remember, cutting it out could end up being much more costly for you in the long run, and potentially devastating to your family. Here's why:
Health insurance helps with medical expenses in two ways. First, the health insurance will pay a certain percentage of the expenses any time you have unexpected medical bills, such as a medical emergency or car accident. This can quickly add up to a great deal of money if your medical problem or emergency involves a hospital stay. Even being taken to hospital in an ambulance can incur a bill of hundreds of dollars, whether or not you requested the ambulance (or were even conscious at the time!)
In addition, health insurance will pay toward routine doctor visits and medication expenses, including preventative screenings and checkups. Skipping these checkups because you can't afford them can then lead to you becoming sick with a condition those checkups could've detected early or prevented, such as cancer. The sad fact is that once you are then diagnosed with this condition by a doctor, you cannot get health insurance to cover that illness, because once detected it is termed a 'pre-existing condition.' Once you are out of the health-insurance system, it is very hard if not impossible to get back in.
If you have a family, health insurance is vital for every member, not just children. It is important for the adults, too. If you were to become ill and do not have health insurance, you may not be able to afford the medical treatments you need. This could, in turn, keep you from working, which would mean you could not provide for your family. The sicker you get, the less you'd be able to work and the less money you'd have for treatment... creating a vicious circle that many hundreds of thousands are unfortunately dealing with across America.
Health insurance is vital for everyone. An unexpected medical bill could be devastating, and could have you facing a bill for thousands or even hundreds of thousands of dollars.
Health insurance is currently not mandatory, like auto insurance is, but with so much to lose, can you and your family afford not to take out a policy?