Those who are more advanced in age and have a better grasp of the world would likely already know the importance of health insurance which helps give them an incentive to have coverage. For those who are still young, spry and free of the aches and pains that life inevitably brings though, health insurance might not really matter all that much. Even assuming that this is not the case, having coverage might not be high on the priority list. Regardless, it’s important to know a few things about health insurance anyway in order to have a better understanding of one of the more important facets of everyday life.
What Having Coverage Means
This might seem self-explanatory, but it’s not really something that a lot of people appreciate, so it’s worth mentioning. Having health insurance coverage means not having to worry if you get sick, injured or if you need to go for a check-up with your doctor. Medical bills can be insanely expensive, much more so than a lot of young people realize if they have never been sick with anything worse than the flu.
Speaking of which, you will be able to get preventive shots for the flu or other vaccines for cheap or even for free if you have coverage, so that’s a huge item to consider.
There are actually plenty of affordable health insurance plans these days thanks to the government subsidies, tax credits and so on. Because of this, you can pretty much count on being able to afford health insurance as long as you have gainful employment. Of course, this will depend wildly on where you live, so don’t expect to get the same premium as someone else who lives somewhere else. More than that, you should also expect that your own habits and lifestyle choices will impact how affordable the health insurance will be, so keep that in mind.
Not Getting Insurance
Depending on where you are, not having health insurance is not only a problem for you financially because medical bills are going to be higher and some health options might not be available to you, you might even get fined. Yes, the government can fine you for not having health insurance coverage. It’s only going to be a few hundred dollars per year, but still. That’s one addition to our money problems you can live without.
Deciding which health insurance plan should be for you would ultimately depend on what health problems you have and how much coverage you would need in relation to those problems. If you’re a perfectly healthy individual who has no history of serious medical problems, have no dangerous habits like excessive drinking, smoking or doing recreational drugs and do not engage in risky activities, you don’t likely need to choose expensive insurance types.