Why Health Insurance is Needed

No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits.

  • Health insurance covers essential health benefits critical to maintaining your health and treating illness and accidents
  • Health insurance protects you from unexpected, high medical costs.
  • You pay less for covered in-network health care, even before you meet your deductible.
  • You get free preventive care, like vaccines, screenings, and some check-ups, even before you meet your deductible.

If you have any questions about your current policy, or another policy, make sure to contact us. If you do not have health insurance coverage, there are some things that you will not be eligible for. Make sure to know the risks if you do not have health insurance. Consider these factors when deciding whether to buy health insurance.

You may need to pay a penalty

If you choose not to sign up for health insurance, you will need to pay an annual fine at the end of the year. It may not seem like a lot at first, but over time the penalty fee will increase.

You risk financial ruin

You may be healthy now, but the onset of a sudden or serious illness (cancer, diabetes, appendicitis) or a traumatic event (ski accident, car crash) can leave you with staggering medical bills. The inability to pay high medical bills, one of the most common reasons people file for personal bankruptcy, can ruin your credit history and set you back for years. By having health insurance, you can be covered for any accident or unexpected emergency that you or your family might have.

No access to preventive care and primary care

The law requires insurers to cover annual checkups and preventive care, including mammograms, vaccinations, colonoscopies, and prostate cancer screenings, without a co-pay. That means you are more likely to stay healthy and catch health problems early, when they’re easier and less expensive to treat. Policies also must provide a minimum standard of care known as essential health benefits in 10 categories. These include preventive and wellness services, ambulatory (outpatient) care services, emergency care, hospitalization, maternity and newborn care, pediatric care, mental health and substance use disorder services, prescription drugs and rehabilitative and habilitative services, such as specialized therapies and medical equipment to help people facing long-term disabilities.