With the onset of COVID-19, having medical insurance is more important than ever. Those that are in good health and do not have a lot of medical issues, now find themselves needing medical care.
Do You Really Need Health Insurance?
The simple answer is yes! Many people in their 20s do not think they need insurance. Many rarely get sick and do not see the value in spending money on healthcare coverage. Health insurance is expensive, and many are tempted to forgo the monthly out-of-pocket fees and take their chances that they won’t need medical attention.
Many people choose to pay for medical expenses each year instead of getting insurance as in many cases paying out-of-pocket is more cost-efficient than paying monthly premiums.
Emergencies Can Cause Bankruptcies
Even those that have no health issues may find they put themselves in a precarious situation financially if they have a medical emergency. They usually occur when least expected, but an accident can put you at risk of losing everything you have worked so hard for.
If you have any of these types of medical bills, you may not be able to financially bounce-back from them.
- Auto accidents
- Falls at home
- Sports injuries
- Medical emergencies
- Diseases that require ongoing treatment
According to TheBalance.com, any of these unexpected medical situations can cause you to lose all your savings and investments. You may be wishing you had health insurance that would cover many of your medical bills.
The Benefits of Healthcare Coverage
Those that do not have insurance may not think about how important it is to have insurance. Anyone with a family history of disease, cancer, high blood pressure, and other health conditions should be sure to have insurance. With insurance, you can schedule regular medical appointments so you are not putting yourself in jeopardy. Often conditions that were easy to treat are more serious because you did not have regular exams.
When you have health insurance, you can:
- Get regular checks up to stay on top of your health
- Care for ongoing conditions
- Preventive services like mammograms, blood analysis, urinalysis, prostate cancer tests, and colonoscopies
- Treatment for pain, injuries, diseases, and other chronic illnesses
Choosing a Health Care Plan
There is a lot to consider when choosing health, dental, and life insurance. According to a recent article in BusinessInsider.com, most people select a health insurance plan with the lowest monthly premium. Depending on your situation, that may not be the best tactic. If you take medications and see your physician regularly, a more expensive premium may be better for you in the long run.
If you need some assistance choosing a health provider in Colorado, you may want to contact someone like Joel Lee Health Markets, so they can explain the particular nuances of different plans so you can find the best one for you.
It is much smarter to be protected than it is to take your chances that you will remain in good health.