Healthcare coverage is one of the revolutionary tools of modern society. This, in collaboration with many other factors, has been the driving force of the improvement in health indices such as life expectancy. It is, therefore, no surprise that societies with not just a good healthcare system but also a working health insurance sector that covers individual health bills tend to have a higher life expectancy than those without one. Unfortunately, even in the United States, not everyone is covered in a healthcare plan. According to the Center for Disease Control, up to 32.8 million people below the age of 65 have no medical insurance. Also, 5.1% of children below the age of 18 are also not included in any form of healthcare coverage.
Health insurance is a means of paying now in small amounts for a medical challenge you may face in the future. It is very important to have a health insurance package for you and your family. This post attempts to help shed more light on the options available to you as an individual and the many benefits you stand to enjoy when you have health insurance cover.
What are the benefits of having health insurance coverage?
Protection for when you get sick or injured
Accidents do happen and certain diseases or illnesses are sometimes not predictable or anticipated. In many cases, illnesses like cancer can be very financially catastrophic for even the financially buoyant. Health insurance saves you from such rainy days.
If for any reason you are unable to continue with your work and productive life, health insurance policies can provide the financial cushion you need to fall back on in such times.
You get free preventive care
Virtually every healthcare insurance provider avails you the opportunity to visit a medical practitioner and get preventive healthcare at no cost . Also, under your coverage, you can also keep to regular medical checkups beneficial for early detection and diagnosis of any developing medical condition, which makes it easier to manage effectively.
Dealing with medical inflation
Healthcare cost is undoubtedly getting more expensive by the day. Usually, with the advent of newer technology, development of newer, more expensive drugs alongside fluctuations in the economy (among other things), the cost of healthcare services has been rising steadily. Sadly, income may not be rising at a corresponding rate, making paying out of your pocket more expensive. With health insurance, you don’t have to bother about such intermittent spikes.
Keeping the above advantages in mind, it is then clear that you can now have more money at your disposal, thereby enabling you to save more.
Where you can get health insurance
There are many providers of health care insurance. However, it is important that time is spent in carefully studying the options you have available and decide which one is best for you. Many jobs come with a healthcare insurance package. But then, many healthcare insurance provided by your employer may come with certain pecks you will need to consider over having a separate private cover.
- Does the health insurance cover just you or your entire family? Many insurance policies provided by employers tend to cover just the employee and not their family members. If that is the case, then you may prefer other options.
- Some work-provided health insurance packages change with work description; Being reassigned from one division or description of your work to another may affect your insurance cover too.
- Losing your job may sometimes mean you have to forfeit that policy; You may want to consider other options that are not affected by your change or loss of a job.
- Another important consideration is how much your policy can cover; Some employer-provided covers may just cover the basics and when it comes down to more serious health conditions, you find yourself still paying from your pocket.
Asides health insurance packages provided by employers and those you can purchase on your own, if you meet the required criteria, the government can provide health insurance for you in the form of Medicare and Medicaid. These government-sponsored programs are run under the umbrella body of the Centers for Medicare and Medicaid services – a program first experimented with by President Dwight Eisenhower and instituted in 1966 during the Presidency of Lyndon Johnson to cover for the healthcare needs for citizens above 65 years who meet the criteria. However, it wasn’t until 2001 that the program was expanded to include people below that age group.
I hope you found this blog post helpful in answering your questions about health insurance. Please leave a comment below with any thoughts or questions you may have.
If you’re exploring health insurance or looking for alternative healthcare plans, Life Insurance, or supplemental insurance plans feel free to reach out to our professional agents and see what program or programs might be right for you, that can help you through this time. Call Vivna, Inc. today to learn more here: 866.793.2301