Why Do I Need Health Insurance?

Why Do I Need Health Insurance

In your circle of friends, there's probably that one person who avoid getting health insurance or doctor visits like the plague. A few arguments come to mind like the one about being healthy, so you don't need to go to the doctor anytime soon. This isn't necessarily the case, though. The future is full of uncertainty – you never know what's around the corner for your health. One minute you may be healthy and the next, you may find yourself with a broken limb or severe infection that requires medical attention. The bills will mount up, your health will decline and debt will spiral out of control.

The Affordable Health Care Act

That doesn't have to be the case, though. Because of the health care act, plans are much more affordable than they ever have been. This should be your first reason to have health insurance; it's the cheapest it has ever been. Because of that, you can expect to have access to things you couldn't have afforded before.

Unexpected Medical Costs

Another reason to have insurance, and it's still related to costs, is avoiding unexpected financial ruin. Some illnesses come from nowhere and require immediate attention, like a bad appendix. Without proper insurance, the costs to pay off the surgery and anesthetic alone will drive your bank into the burner. Having insurance means paying significantly less than you would have to without. Medicine is also cheaper, so if your ailment requires an expensive prescription, your health insurance will likely cover a lot of the cost.

Free Preventative Care

Preventive care can save you a lot of trouble in the future. Annual checkups exist to keep you sharp and healthy, like catching cancer early or finding irregularities in blood work. A lot of this is actually required by law. Prostate exams are included in this. Without the insurance to pay for preventative care, you're look at missing something that could have easily been avoided or much cheaper earlier on than if you had no insurance and let the condition worsen.

Avoiding A Penalty

If you don't have insurance, you'll receive a penalty on your taxes. The more years you avoid getting health insurance, the higher the penalty costs. If you want to save money, then avoiding health insurance means paying more and more every following year that you don't have it. Imagine the costs as they begin to mount and even worse, experiencing a critical health issue while having to pay penalties. It's best to avoid this altogether and simply grab the insurance. Some plans on the HealthCare.gov website are free and they will take into considering what you make annually, helping you pick the most cost effective plan. Health insurance also cheapens follow-up care, keeping your budget and wallet safe.

There are too many reasons not to have health insurance, especially for your future and wellbeing. If money is your concern, then selecting an option from the health care act's website will serve you well. Keep in mind you will be penalized if you don't have health insurance as well.

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