It is no longer a luxury or an indulgence to have health insurance, it’s a necessity because of the number and frequency of medical emergencies that occur every day. And who wants to pay for any unexpected medical emergency? With so many different healthcare insurance plans available in terms of premium plans, how can you identify which plan is right for you? There are countless benefits of having your health coverage but here are just five reasons why health insurance should be mandatory.
1. You Will Save Money From The Medical Bills
A majority of Americans do not have health insurance and this is a major problem as there are some people who are either underinsured or don’t qualify for Medicaid. According to Statista.com, “In 2019 about 60 percent of all U.S. households (14 million) had no access to private non-group health care insurance and 43 percent of families said they did not pay enough for their premiums. In addition, almost 70 percent of adults with children under 18 years of age did not have health insurance at school”. But with the Affordable Care Act (ACA), everyone has the opportunity to enroll in health insurance through government programs such as Medicare and Medicaid. While others may decide not to enroll in Obamacare exchanges, this simply means that they will not have access to affordable health insurance. If you don’t have health insurance, paying just a few hundred dollars monthly for a single person is saving over $2,200 per year by avoiding paying out of pocket for doctors and hospital visits. Imagine that you have a family member who constantly needs medical attention and you could save them thousands a year if you were able to cover their costs by purchasing health insurance.
2. Protect Yourself From Emergencies
Most countries do not have robust disaster preparedness and response plans in place for extreme weather, severe natural disasters, and other sudden events. This makes it incredibly important when one has to evacuate from a burning building or being evacuated when an earthquake occurs. Whether you are heading off on vacation or traveling internationally or even at work, it would be extremely beneficial if you were insured in case of emergency since most companies today offer emergency benefits. If nothing else, this will help the company and its employees be saved money since medical visits, prescription medications, doctor visit fees, and even lost travel expenses will now be covered by insurance. Most importantly, if something were to happen and you didn’t have insurance, your loved ones would probably find themselves without proper medical assistance. Even better yet, not only will your relatives be protected but also other passengers who might need medical support and insurance would also help with cost of treatment during a time of crisis. So it really doesn’t matter what type of coverage you purchase, if you were to become stranded somewhere due to unforeseen circumstances like fire or flooding, then you would want to make sure that you have insurance because most accidents can cause significant damage not only to buildings but to lives as well.
3. Prevent Mistakes That You Can’t Recover From Easily
We all do things we don’t think to do often. An example of this is when a woman goes to get her nails done and ends up doing something stupid such as getting blood on her fingers. She will never know what they did wrong and how she could have prevented herself from causing this mess. This happens with mistakes made daily and it can be difficult to repair them after a while. In the same way, if there was more than one mishap and you failed to take preventive measures such as wearing gloves, wiping down surfaces and clothing while working in hazardous environments, then you could end up hurting someone else or even yourself. Especially when there were severe consequences of negligence or lack of knowledge before the incident occurred. And that’s what sometimes happens to those who neglect preventive practices such as washing hands thoroughly before handling food or drink. Making these kinds of errors can lead to serious medical conditions such as diabetes, cancer, heart disease, Alzheimer’s, stroke, etc. To avoid making costly mistakes that can negatively impact your life again, it is always wise to make sure that you have health insurance in place that covers you in case of unforeseen situations. Moreover, regular checkups for illnesses, vaccinations, and even tests would prevent you from falling victim to dangerous diseases and conditions. Having health insurance would not only benefit you but the rest of your family members as well.
4. Help People Stay Healthy And Safe
The purpose of health insurance is to cover your medical expenses if you come down with certain medical problems. Some people use health insurance for cosmetic purposes as a form of self-care, but unfortunately, it gets very expensive if you get injured or suffer from chronic illness. Although these types of coverages can help you to stay healthy, there are risks associated with it. It is estimated that “in America, 10% of Americans have disabilities while another 10% have preexisting conditions like a kidney disease or asthma. All this together equals around 15 million Americans with disabilities and 15 million with preexisting conditions”. Since you are one of those individuals, chances are that you may find yourself ineligible by law. To avoid suffering from financial hardships as a result of losing your job or taking out loans that you cannot repay back, health insurance can help keep you safe. Not to mention that it will also help you maintain a sense of control over your health which will encourage you to make smarter decisions and live healthier by following preventive guidelines. As stated previously, health insurance can help you save money on medical bills, pay for medical treatments and medicines, and protect yourself from financial hardships that could affect your ability to obtain affordable medical services. Additionally, health insurance can significantly help you stay healthy and safe in the long term so that you will no longer have to deal with debilitating diseases. When you remain aware of the potential dangers of health risks, you can make proper choices and avoid putting yourself in harm’s way.
5. Be Able To Get Assistance During Crisis Situations
If you have been living with constant pain and suffering ever since birth, then imagine what happens if you were put in a situation where emergency medical services were unavailable. Would you be able to call 911 if you needed immediate relief? Or would you wait until you saw a sign that help was available? Unfortunately, there are times that healthcare providers need to make appointments at inconvenient times such as holidays or weekends as well. Many people may find themselves in worse situations and they’ve never experienced anything like this before. And that’s why health insurance will help make sure that you get the necessary assistance whenever you need it. Also, it will prevent you from facing unanticipated financial burdens at work as you can easily apply for unemployment benefits as a result of unpaid medical bills. In short, health insurance will ensure that you can still receive quality and timely treatment whenever you require it thus giving you the upper hand for the future.
Health Insurance Is Required By Law
Every state has laws that require all health insurances to provide adequate coverage and reimbursement if an insurance provider fails to fulfill its obligation. These laws vary from state to state and each country. However, in the United States, we must implement legislation that is aimed at providing equal protection to every individual. Therefore, health insurance is required by law to provide essential and vital benefits to every American citizen. No citizen is exempt from this law, including millions of elderly citizens who need assistance due to multiple factors like disability, illness, etc. It is very hard for older adults to seek out necessary health care services due to various limitations that they face on mobility and independence. Hence, they rely solely on public resources and resources provided by government agencies and organizations such as Medicare, Medicaid and the Department of Veteran Affairs. Without sufficient public funding, there is great risk that patients may die due to lack of care and medical complications. Furthermore, it also prevents seniors and disabled citizens from obtaining the much-needed treatment because they won’t be eligible for certain benefits because of limited funds. Thus, health insurance is required by law so that no senior citizen or a person with a disability can get neglected by receiving basic needs of life that are crucial to their overall wellbeing.
To conclude, health insurance is a critical part of anyone’s financial stability and security. Every American must have health insurance to improve their quality of life. One advantage of having health insurance is that it protects one financially against unforeseen situations. On top of that, it helps prevent unnecessary medical expenses from occurring while helping to secure one’s family’s health. Last but not least, it provides a base for further research and development which results in increased efficiency in production. It becomes easy for producers to achieve maximum efficiencies in products and processes through appropriate utilization of all resources. What are you waiting for? Enroll in health insurance today!