Daniel Stewart

Why You Should Always Have Health Insurance

Health insurance and its general availability have been a hot-button topic for many years. While it's easier than ever to get coverage thanks to the Health Insurance Marketplace, there are still an estimated 30 million uninsured individuals in the United States.

If you're one of them, here are a few reasons you should invest in health insurance.

Peace of Mind During the Worst-Case Scenario

Here is one cold reality everyone faces when they get sick or injured: Health care expenses in the United States are ridiculously high. Seemingly simple treatments can end up costing thousands. For example, treating a broken leg can cost around $7,500. If surgical repair is necessary, that figure balloons to $35,000 or more.

It's not cheap getting sick or injured; many people forgo getting help because they know how expensive it is. Insurance doesn't always cover all procedures, and there are still deductibles. But health insurance can make getting treatment more manageable.

That coverage provides peace of mind, allowing you to get help without depleting your savings or going into massive medical debt.

Affordable Preventative Measures

Did you know that Marketplace coverage includes affordable preventative services? Shots and medical screenings usually occur with no out-of-pocket costs. It's a great way to maintain your health and avoid more considerable complications.

Use your insurance to take trips to a primary care doctor more regularly. Doing so can help you spot issues before they become expensive and risky.

A Way to Avoid Financial Ruin

The biggest reason to get insurance is to avoid the pitfalls of medical debt. Unfortunately, getting sick or injured can quickly lead to financial ruin. We've already talked about the sky-high costs of medical care.

When you don't have insurance, your only option is to go into medical debt. That's something that follows you around your entire life. Health care expenses add up quickly, and that debt can prevent you from having a financially secure future.

If you don't have health insurance, you risk experiencing various financial and medical problems. While getting insurance is an investment, it's a relatively small price compared to what could happen if you need care without it.

Author Resource:-

Daniel Stewart has been helping people with their money management and personal finance with over 15 years' experience in business finance. You can find his thoughts at health investment blog.