It is an unfortunate and even frightening fact that there are 52 million people in the United States who do not have health insurance coverage. Millions more Americans have lost medical coverage upon losing their jobs since the 2008 crisis. This is over a quarter of Americans between the ages of 18 and 64. At the same time a record number of Americans are filing for bankruptcy protection, many of these bankruptcies resulting from a major health problem and medical costs.
Catastrophic illness or injury can happen suddenly at any time. Those Americans who do not have health insurance are putting everything at risk, including their own health and lives. It’s true that healthcare costs have increased at a shocking rate as have insurance policy costs. It’s true that the cost of living has just kept increasing as income has stagnated making it harder than ever to make ends meet. But like the car insurance that protects your investment to meet your essential need for transportation, so do you need health insurance to protect your life and living standards.
If you don’t have employer-based health insurance coverage and you can’t qualify for Medicare, Tri-Care, or VA benefits, you owe it to yourself to do some research into current policy types and rates being offered by reputable insurance providers. Even if you have a policy now, you may be able to find better coverage or lower deductible for the same price. It’s easy to get quotes from several different companies at once from web-based services specializing in healthcare related insurance information. Such sites often have other tools that let you quickly research and compare companies and get impartial reviews from former or current clients. If you are a business owner and provide coverage to your employees, it can benefit you to look into group plans periodically so you know you are providing the best policy for the best price.