By Leslie Radford
Most people cringe at the phrase “health insurance.” They think it’s too expensive, a waste of money, or they are healthy enough without it. You should be asking yourself, “Why do I need health care?” Here are a few reasons:
Reason #1
Unexpected Illness or Injury Can Be Expensive: Think of having health insurance as financial protection. A trip to the emergency room can cost thousands of dollars—money that most of us don’t have lying around. With health insurance coverage, you won’t have to worry about where you’re going to get the $2,500 for the ambulance ride, the $9,700 for the tests, or the thousands of other dollars that can be racked up during an unexpected event. These unexpected illnesses and injuries have bankrupted people. Don’t be one of these people.
Reason #2
Insurance Provides Cheaper Rates: People without health insurance pay higher prices out of pocket than those who are insured because insurance companies lobby for lower rates. The more people that have insurance, the better the rates can be because the costs can be absorbed more easily. This also creates a competitive market and individuals can shop around for plans that fit their needs. Therefore, benefits are higher and the cost is more affordable.
Reason #3
Preventative Care: Those who have healthcare coverage are statistically healthier than those who do not have insurance. They have access to routine physicals that can provide early intervention for some conditions. Many preventative care checkups (like getting a flu shot) don’t cost anything out of pocket. Preventative medicine is the best way to avoid expensive hospitals stays or trips to the ER.
So, do you REALLY need health insurance? If you don’t have expendable funds, then, yes, health insurance should be on your list of priorities.