Health insurance is not cheap and it can be tempting to go without health insurance. With the high monthly costs and the expense out of you, you might be wondering if you really need health insurance. Many people in their twenties feel healthy enough to skip health insurance. When you're healthy and rarely see a doctor, it might seem like a good idea to cut health insurance altogether and justify your absence. You can pay as you go instead of worrying about insurance premiums and co-payments along the way.
However, this is flawed reasoning. It is essential that everyone always has some form of health insurance.
Medical emergencies are costly
If you have a medical emergency without insurance, it's easy to find yourself in overwhelming and seemingly hopeless medical debt. An accident on a ski slope can cost you thousands of dollars in medical bills, and it can quickly climb higher if you need surgery or anytime in rehabilitation. Usually, this is a time when you won't be working either, which means you'll lose money that way as well. Emergency surgeries such as an appendectomy can also be very expensive.
New changes under the Affordable Care Act affect people in their 20s.If you don't have health insurance, you could be fined.There are health scholarships that you can use to enroll in health insurance or you can look at other options.Take the time to carefully consider all of the options available to you and choose a policy that will save you money and give you the protection you need.Avoid things that sound too good to be true.Health shares may sound like health insurance, but they really aren't.
Take the time to study them carefully if you are interested in choosing one instead of insurance
Minor things can turn into bigger things too. When you are insecure, you avoid going to seek treatment for the little things, which can quickly escalate into bigger things. One of the best ways to avoid long hospital stays is preventative medicine and prompt treatment. If you have insurance, you won't have to worry so much about it. Also, if you are diagnosed with a serious illness, you may have difficulty finding health insurance after you don’t have it.
Health insurance is not a luxury, it is a necessity. Many people in their 20s feel safe and relatively healthy and choose to do without. Don't make this mistake, start looking for good, low cost insurance now. There are several things you should do without before choosing to leave without insurance. This includes restaurant meals and cable TV. You should even go without a gym membership before forfeiting your health insurance. Take the time to find the extra money in your budget to cover your health costs.
At the very least, you should have a high deductible insurance plan, and open a health savings account with it. These plans are much less expensive than other insurance plans. You will be responsible for the cost of your medical bills until you reach the deductible, but the insurance plan will pay the rest of the bills. It is much easier to find a way to pay 5,000 euros in medical expenses rather than 50,000 euros. You can often set up a payment plan for the 5,000 dollars. This means that you don't risk going bankrupt due to medical bills.