The Top 8 reasons why you need Health Insurance:
- Health insurance helps to ensure that you and your family are protected against the financial hardships that may result from health care expenses.
- Without health insurance, you may not be able to afford medical care when you need it
- People with health insurance are more likely to go to the hospital before their condition worsens and becomes more expensive to treat.
- People with diabetes who do not have health insurance have a higher mortality rate than people who have diabetes and health insurance.
- If large medical bills are not paid, the hospital can put a lien against your property.
- You may have to seek are at county run hospitals. County run hospitals are often overcrowded and it may take hours, if not days to be seen.
- Some colleges, universities, and international programs require proof of health insurance to be enrolled.
- You may receive a high life insurance premium.
Types of health insurance
Catastrophic health insurance is one of the least expensive forms of health insurance. Deductibles, the amount the individual pays out of pocket before insurance begins paying, are generally large for these types of policies. These policies are only suitable for individuals with the financial means to handle routine illnesses and hospitalizations.
Short-term health insurance is similar to term life insurance in that it can only be purchased for a specific period of time. Short-term health insurance often comes with strict qualifying procedures and may not cover pre-existing medical conditions.
A Preferred Provider Organization (PPO) is a health insurance plan where medical treatment is fully covered if provided by a doctor or hospital belonging to the PPO's network of health care providers. Treatment performed outside the network is also covered, but at a reduced rate.
Health Maintenance Organization (HMO) greatly restricts who a patient may see for non-emergency medical services. The advantage is a significantly lower premium.