According to a recent study, signing up for health insurance may be one of the most important financial decisions you make this year. But for many, this decision is not an easy one.
Many people think that the Premium Cost, high Deductibles, additional Co-Pays, or multiple policies with industry jargon is overwhelming! Some people get frustrated and so they never make a plan at all, and then a medical emergency hits you, and you wish you had gotten the insurance.
With rising prices, it’s easy to see why you may dismiss getting a Health Insurance Plan altogether, but experts now that health insurance isn’t just good for your physical health, it’s good for your financial health, too! A good health insurance can actually protect you from financial ruin and bankruptcy.
As reported by MarketWatch:
People are twice as likely to file for bankruptcy if their health insurance has been interrupted, according to a new study published this week. In fact, all it takes is a coverage gap within two years for the chance of bankruptcy to jump twofold, according to the study published by the American Bankruptcy Institute.
So, before you decide on whether to get Health Insurance coverage, be sure to speak with a knowledgeable agent about all the Health Insurance options available to you. There are a variety of affordable insurance options to choose from that may fit your situation best.
As the Insurance Nana, I have counseled countless individuals and families, as they navigate these really difficult questions about health insurance or life insurance. My mission is to find an affordable option for health care and coverage that best fits your needs.