The affordable health plan is necessary for every American to pay for the high cost of health care. Most of them generally need it unless they are very wealthy, very poor, or over 65. The very wealthy person can afford the health care cost of even extraordinary emergency or chronic medical care. Those who are over 65 usually qualify for Medicare. And a very poor can in some cases can qualify for Medicaid. For the rest of the people, they must purchase a health insurance plan are they have to risk medical bankruptcy. It’s the same as insurance for your car or home. A health insurance plan‘s purpose is to protect your savings from the devastating costs of a major accident, medical emergency or chronic disease. You can take a bus in case your car is broken and get it fixed whenever you can afford it when you don’t have car insurance. But in case you broke your leg and don’t have health insurance, you can’t splint it yourself until you save up enough to go to the doctor.
Affordable health plan companies provide you lots of choices. But got to wade through various combinations of deductibles, co-payments, co-insurance, and premiums before choosing a health insurance plan.
- Monthly premiums: Like a car or home insurance, you pay the premiums even if you never make a claim, which in return provides the cash flow so insurance companies can pay their day-to-day expenses.
- Deductible: Before the insurance company contributes a dime, these deductibles are to be paid. These are annual, which means you start over at the beginning of each year.
- Co-insurance: Co-insurance is the percent you pay for procedures, like surgeries, or hospital stays. For example, if the doctor visits you in the hospital, you might pay a co-payment for his/her visit and co-insurance for the hospitalization.
The importance of health insurance:
Here are six reasons why you should consider getting a health insurance plan today:
- To fight lifestyle diseases
Lifestyle diseases like diabetes, obesity, respiratory problems, heart disease caused due to stress, pollution, unhealthy eating habits, gadget addiction, and undisciplined lives.
While these diseases can be combated and managed by taking some precautionary measures, any unfortunate incident can be very challenging to cope with it, financially. Opting for an affordable health plan that covers regular medical tests can help catch these illnesses early and make it easier to take care of medical expenses, leaving you with fewer things to worry about.
- To safeguard your family
You can choose to secure your entire family under the same policy you are scouting for, rather than buying separate policies. Ensuring they get the best medical treatment.
- To counter inadequate insurance cover
If your current health insurance plan does not provide you cover against pos.