Good health is not only a matter of eating right and doing exercises. There is need to have good medical insurance for checkups and other issues so that any serious health condition is kept at bay. Furthermore, your finances are safe even when covering huge medical bills.
Having health insurance is important for several reasons. Uninsured people receive less medical care and less timely care, they have worse health outcomes, and lack of insurance is a fiscal burden for them and their families. Moreover, the benefits of expanding coverage outweigh the costs for added services. Safety-net care from hospitals and clinics improves access to care but does not fully substitute for health insurance. These findings are supported by much research, although some cautions are appropriate in using these results.
It cannot emphasized enough how important it is to have a health insurance. nobody ever plans to be sick and the moment they are, the burden is too much. It is simply good to be ready for the unexpected because preparation has great 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 a Marketplace plan or other qualifying coverage, you don’t have to pay the penalty that people without coverage must pay.
After deciding to have a medical health insurance, you do not just jump in. there are factors to consider so as to choose the right cover.
Here are some important things to consider when choosing a plan:
- Plan category: There are 5 categories of Marketplace insurance plans: Bronze, Silver, Gold, Platinum, and Catastrophic. The health plan category you choose determines how you and your plan share the costs of care.
- Monthly premiums: This is the amount you pay your insurance company for your plan whether you use medical services or not. Monthly premiums are important, but they’re not all you need to think about.
- Out-of-pocket costs: It’s important to know how much you have to pay out of your pocket for services when you get care. You pay these out-of-pocket costs in addition to your monthly premiums.
- Type of insurance plan and provider network: Different plan types provide different levels of coverage for care you get inside and outside of the plan’s network of doctors, hospitals, pharmacies, and other medical service providers.
- Benefits: All plans sold through the Marketplace provide the same essential health benefits, cover pre-existing conditions and offer free preventive services.
As much as health insurance is not the in thing for most people, it is important to have resolutions for it this year. So when talking about New Year resolutions, medical health insurance has its place.
The particulars of your plan may have changed compared with last year, and perhaps you missed the letter or email from your employer or insurer. An outpatient surgery that would have cost you $700 last year might run more than $900 this year if the plan increased your coinsurance responsibility, or the amount you have to pay after meeting a deductible.
Your deductible also may have jumped, which means you might have to spend more this year before most of your coverage begins.
— SHOP FOR CARE
Shopping for health care is the wave of the future.
Many employers and insurers are convinced that health care costs can be controlled better if providers are forced to compete for your business. Insurers are providing online tools that let patients compare prices and quality measurements for a wide range of non-emergency care. Doing that could save hundreds of dollars on an outpatient procedure for people with high-deductible plans.