Is There Affordable Health Insurance?

Health insurance has become more important today than ever before. But when it comes to insurance, you will think that it’s expensive. So, is there affordable health insurance you can buy?

Is There Affordable Health Insurance Available?

Yes, there’s affordable health insurance you can buy. However, the affordability of a plan depends on several factors, like your age and health.

The most affordable policy, however, is a plan that provides you and your family adequate coverage. In that case, it has to cover the basics but it can still help you pay for medical costs because of a serious medical emergency.

You may think that having health insurance is just a waste of money because you’re healthy. But we all know anything can happen to you today, tomorrow, the next day, or months to come.

That’s why it’s called a medical emergency.

You won’t think about getting health insurance now because you’ve never been hospitalized. But should you wait to get ill before getting coverage? No.

Here are the most important times of your life that you can thank yourself for having health coverage.

Medical Emergencies

No matter how careful you are, it’s still likely you meet a medical emergency. You get injured while crossing the street or while fixing a bulb in your bathroom.

Medical emergencies are expensive. And if you’re unfortunate to a medical emergency sans insurance, you’ll face a crippling amount of medical debt.

Emergency surgeries can be expensive too.

Furthermore, if you’re getting medical emergency treatment, you can’t work. It means that you could lose the chances of being paid.

Without health insurance, it’s difficult to pay for your medical costs. Even if you just need to stay overnight in a hospital, the medical costs can still go up through the roof.

With that in mind, getting affordable health insurance that can give you adequate coverage is your utmost priority now.

Make sure you have health insurance coverage before you even try to buy the latest iPhone.

Lifestyle Disease

Are you living a sedentary lifestyle? Well most of us are considering the gadgets that we have right now that encourage us to be couch potatoes.

Unfortunately, living this kind of lifestyle can lead to a lot of diseases, like obesity, diabetes, heart disease, and many others.

You may still be young today. But many diseases that were used to exist among the older generation are now affecting the younger generation.

It’s not only the sedentary lifestyle that can lead to life-threatening disease but other culprits can contribute, too, like unhealthy eating habits, stress, and pollution.

By investing in affordable health insurance, you can undergo regular medical tests that can help you catch illnesses earlier.

We all know that when an illness is caught earlier, the treatment is easier and affordable. With that in mind, you will be left with one less thing to worry about.

Pregnancy

If you have an unplanned pregnancy, having health coverage becomes vital. However, it still depends on your health insurance policy.

That’s why if you’re still of childbearing age, you need to obtain affordable health insurance with maternity coverage. With such a plan, the policy will pay for the medical costs related to your pregnancy, labor, delivery, and newborn care.

Expecting mothers can get coverage for outpatient services, like doctor visits, gestational screenings, medications, etc. The plan may also cover newborn baby care, breast pump rental, and lactation counseling.

Thankfully, maternity coverage is currently a mandatory benefit. Many health insurance plans offer it.

Medical Inflation

Medical technology has indeed improved over several decades. But the diseases are also rising. And because of that, the cost of treatment is also increasing.

Doctor’s consultation, ambulance charges, medicines, room rent, and other related costs are continually increasing. These can all cause a strain on your finances if you don’t have adequate health insurance.

But if you have affordable health insurance that gives you enough coverage, you can fight against the burden of medical inflation.

Health Insurance is a Necessity

Before, having health insurance was just a luxury. But, with all the diseases discovered every day, health insurance has become a necessity.

Thus, before you even buy the most expensive phone on the market right, make sure that you have proper health insurance.

But what coverage do you need?

It depends on several factors.

The cost of getting health insurance will depend on your current health. Your insurance needs will depend on your degree of risk. If you see a doctor regularly, you might want to obtain higher coverage.

How much will you be paying for your yearly health care needs? If you go to your doctor several times last year, then you have spent money on copays for the office visits.

If that’s your case, you should add all the costs to get an idea of how much coverage you need the next year.

Health Insurance from Employer

If you’re employed, your employer might offer you quality health insurance coverage as part of a work perk in working there.

Read: Working Perks Statistics

On the other hand, if your employer doesn’t offer adequate health insurance, you can still obtain your own coverage but you need to pay for it using your own money. It means that your employer won’t be helping you out with the premiums.

You may think that it’s a financial burden. However, you must remember that health insurance can safeguard your finances against the staggering costs of medical emergencies.

As mentioned, accidents can happen at any time. Without health insurance, you’ll be facing financial difficulties with no potential exit points.

Conclusion

Is there affordable health insurance? Yes, there is affordable coverage you can find somewhere. And yes, you will need a health insurance plan even if you’re healthy.

If you’re planning to move to the UK, know the details here about how health insurance works in the UK.