Introduction

According to Statista, almost 92% of the American population had health insurance in 2019. The question is, are you one of them? Health insurance is an essential aspect for every American in every age group. Medical emergencies are an unfortunate surprise for everyone, which is why you should be prepared. You should consider buying health insurance because it will protect you from different medical costs that could come your way. Before you jump to conclusion, this article will tell you all about health insurance and what you can get out of it. (Elflein)

There are several benefits you can get out of health insurance and we are here to tell you all about it.

What is Health Insurance?

According to Investopedia, health insurance is “a type of insurance coverage that typically pays for medical, surgical, prescription drug and sometimes dental expenses incurred by the insured.” Your health insurance can compensate for expenses that come from illness or injury, or pay the health care provider directly. Sometimes, health insurance is included in employee benefit packages as a form of motivation for potential employees. With the Affordable Care Act, public insurance companies are not allowed to deny coverage to patients who have pre-existing health conditions. Also the Affordable Care Act allows children to remain in their parents’ insurance plan until they reach the age of 26 years old. (Kagan)

How Can You Benefit From Health Insurance?

There are so many ways you can benefit from health insurance. You can save yourself the trouble of paying for any medical costs on your own. Your employer might be incapable of covering your medical costs, in the case that you face any medical concerns. Health insurance allows you to protect yourself in the long-run and you can arrange your finances better.  Additionally, you do not have to worry about paying for different medical care costs alone; you can always rely on your health insurance for it. (Especially since health insurance covers more than hospital stays. Health insurance covers everything medical-related.)

Better Safe Than Sorry: Buy Health Insurance Early

Have you ever heard of the saying, better safe than sorry? Well, in the case of health insurance, this sure applies. You can never be too safe when it comes to health. This is why it is best to buy health insurance sooner rather than later. You do not want to be in the middle of a medical crisis and wishing that you bought health insurance earlier in life. Additionally, the earlier you buy health insurance, the better the package is. The trick of the trade is that earlier health insurance provides access to a more comprehensive package for you.

Your Employer Might Not Be Able To Cover All Of Your Medical Cost

It is an added bonus that your employer offers you health insurance as part of your employee package. But, sometimes that is not enough. With the significant increase of prices in healthcare, your employer might not be able to cover all of it. If you need to know more about the numbers, then look through the standard cost of one week of hospitalization. After you find out the cost, look through your employee package. Will the costs cover a week of hospitalization? If not, then you should consider buying health insurance. You should also consider buying health insurance for your future self, when you might need more medical attention. (Mishra)

You Should Make Sure You Are Prepared For Any Surprise That Comes Your Way

The truth is that you do not have the option of deciding when illness will strike; that is how the world works. You will not be able to see it coming. This is why; you should have your health insurance ready to protect you from any unfortunate medical surprises. Your health insurance will help cover the costs of anything medical-related, so you do not have to carry that burden on your own. Additionally, your health insurance covers annual check-ups, which are an important aspect in your life. Annual check-ups allow you to keep your health in check and take action before it is too late.

Health Insurance Is Not Just About Hospital Stays

As mentioned above, health insurance is not just about hospital stays. It is about more than that. Health insurance can cover hospitalization, prescription drugs, and doctor check-ups. If there is any health concerns that you face, then you can always use your health insurance to help pay for it. There are several packages that come with health insurance and you can be able to select whichever is best for you. As an added benefit, your health insurance can cover annual check-ups that will help you with preventative care. Does that sound like it’s a win-win situation for you?

You Will Be Able To Arrange Your Finance Better

Alright, let’s say that you bought your health insurance premium. Now, that is one thing off your list that you do not have to constantly worry about. Most health issues take place unexpectedly and take a lot of time.  You do not have to worry about paying for any unexpected hospital trips, since your health insurance can cover it. Now that you have health insurance, you can arrange your finances better. You can take care of how much you spend and how much you save, without worrying about any medical costs burdening you.

Conclusion

Overall, health insurance helps you to cover medical costs from hospital stays to annual check-ups. You can arrange your finances better and get a more comprehensive package the earlier you buy a health insurance premium. Also, you can be prepared for any medical-relevant surprises that come your way. Keep in mind that your employer might not have the capability to cover medical costs, but your health insurance will cover it for you.

Works Cited

Elflein, John. Health insurance status of the U.S. population 2019. 18 11 2020. 07 09 2021 <https://www.statista.com/statistics/238866/health-insurance-status-of-the-total-us-population/>.

Kagan, Julia. Health Insurance. 05 03 2021. 07 09 2021 <https://www.investopedia.com/terms/h/healthinsurance.asp>.

Mishra, Manasije. Eight reasons to buy health insurance before you turn 30. n.d. 07 09 2021 <https://economictimes.indiatimes.com/tdmc/your-money/navigation/insurance/health-insurance/eight-reasons-to-buy-health-insurance-before-you-turn-30/tomorrowmakersshow/69426234.cms>.