Why you should invest in health insurance
Whenever the monthly budget is prepared, the areas that money must be allocated should be revised. Some things can’t be avoided such as going to the supermarket but maybe there are a few adjustments around monthly memberships. However, a lot of people skip a very important element that, unless something happens, is not used regularly: health insurance.
Having a monthly investment in a health plan must be part of the must-do spendings. It doesn’t matter if it’s through the employer, on your own, or through the government, this cost -actually, an investment- shouldn’t be sacrificed to fulfill other financial goals.
The reason behind why many people -especially youth- do not consider allocating part of their money in health coverage is because there is no immediate retribution. It is more likely that each month the money goes to the insurance company without using the service.
However, if an unexpected event occurs that is strictly connected to health, having health insurance is gonna become a blessing when the cost in hospitals can reach thousands of dollars. This might happen once in a lifetime or maybe hardly ever, but the truth is that when it happens, you are going to save a financial impact in your bank account that could be huge otherwise.
But it’s not only about the emergencies, health insurances can help to reduce the cost of medicines if you suffer from a chronic condition or if you need to see a specialist for particular suffering. Due to good health, many people do not visit their doctors for a basic annual check just to see if everything is good. By having health insurance, the cost of going to the doctor to tho all the annual exams that should be done is lower, despite having good health.
How to choose the plan that suits you the best?
When we refer to not save money on health insurance, we are not saying that you should invest in the most expensive insurance available out there but to invest your money accordingly to YOUR needs and your family’s.
You should ask yourself some questions before comparing coverage and plans:
- Lifestyle: Do you play sports? Does your job imply facing higher risks to accidents? Do you travel often outside of the country?
- Family: Do you have children? Are you planning to have a baby soon? Pregnancies can be really expensive without insurance.
- Age: Health insurances often have a higher cost for elderly people because usually, they need to go more frequently to the doctor.
- Previous medical conditions: Do you suffer from a chronic condition? Do you require taking medicines regularly?
The best thing to do is to take time to learn about the variety of plans and coverage to choose your health insurance. You can also find information regarding US Government health coverage on their website: https://www.healthcare.gov/get-coverage/