Health Insurance Benefits

Health care insurance in the U.S. is extremely competitive and not always fair. Recently in 2012, The Affordable Care Act passed by Barack Obama set new regulations regarding insurance. According to this Act, employers of 50+ employees must offer health insurance, public health insurance such as Medicare and Medicaid was made affordable for those that qualify, it is illegal for anyone to be denied insurance due to pre-existing conditions, and everyone must have health insurance or they will endure tax penalties. For Medicare and Medicaid, each state has different qualifications regarding eligibility. Private health insurance is not mandatory, but many of those that can afford it prefer it because it will cover more than any government insurance. Private health insurance also offers family plans along with single plans(varying from company to company), which will definitely attract middle to high income families. Health insurance is an absolute essential in the U.S. as it is up to the citizen to obtain one that works for them.

Health insurance comes as second nature to many of us. We grab that blue and white card and put it in our wallet and forget about it until we are sick or injured. When this happens, there it is, cushioning our fall like the extra padding it provided to cushion our wallets. This is not the case with everyone, however. Many Americans have no cushion to fall back on, no blue and white card to show the emergency room when they have an unexpected health concern. No HMO with a convenient co-pay amount when their son or daughter develops an ear infection.

Private health insurance plans frequently are offered through a person’s job. When an individual acquires health insurance this way their workplace covers part of the cost for their insurance. Frequently, they are offered different plans for different prices. Once these plans are chosen, typically, a premium fee will be deducted from that person’s pay checks (Colorado.Gov, 2015). On top of these premiums the individual will also have other fees such as co-pays, deductibles, or co-insurance (Colorado.Gov, 2015). Private plans can also be purchased without an employer’s help, the individual will be expected to cover the premium payment of the plan as well as all of the matching extra fees (Colorado.Gov, 2015).

No one plans to have oneself or a family member diagnosed with a chronic disease or to be involved in a debilitating accident. Unfortunately, these situations are all too familiar and can happen every day. Having health insurance when these life changing events occur can provide a person or family

Some of the reasons some of the individuals may not want to buy health insurance the deductibles and premiums are very high and you pay way to much money for it. You also have to qualify for private health insurance.

Risk of financial ruin is an important factor of having insurance. You Might face some health problems in later months like a sudden accident, cancer, diabetes, kidney stones or a car accident, this will leave with staggering medical bills. And not paying

There are millions of people who do not have health care. Not having health insurance can take a drastic toll on your health and you can run into major problems. Health problems and financial problems as well.

Taking advantage of the benefits of the Affordable Care Act, will allow millions of Americans to receive affordable health care; they will be able to live longer, healthier lives because insurance will be less costly, and provided to them with more efficiency.

Health insurance is essential in order to assist in paying for hospital and clinic visits. Without health insurance cost would be astronomical and people would not be able to afford health care. Blue Cross/ Blue Shield and Health Maintenance Organization, were some of the many insurance companies widely used before the Affordable Care Act. Although health insurances existed, many individuals and families were not able to afford them due to the increase in the cost of health care. New research over the years has enabled the creation of new medicine and technology in our practice. This leads to services being more expensive for individuals, which raises the price of insurance.

- check out the company's website and see if they offer a free online health insurance quote

If you’ve been avoiding going to the doctor for regular checkups, or for any other reason, because of the high cost of healthcare, you should know that a great health insurance policy can ensure that you will be able to see a doctor whenever you need to without breaking the bank. Though health insurance is important to have in case of medical emergencies, one of the most important reasons to have this kind of insurance is so that you can have ongoing healthcare that is designed not just to take care of urgent medical problems but that is designed to prevent problems before they happen. Here are some of the ways that great health insurance can lead to better health:

On the flip side, some students seek health insurance that's within their budget. An individual should try to find the best deal and a reasonable price. One should also compare all the other options available. Before a choice on a plan one should look closely at what each plan covers. As many college students go to college many should start taking responsible for their health insurance.

Health insurance is protection against the risk of sustaining medical expenses among individuals. It provides financial protection in case of catastrophic illness and averts impoverishment.

Moreover, the benefits of expanding coverage outweigh the costs for added services. [4] 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. People with health insurance are protected against uncertain and high medical expenses and are more likely to receive needed and appropriate health care. In addition, having health insurance is associated with improved health outcomes and lower mortality, so employees with health insurance are more likely to be productive workers. You do not pay income tax on health insurance benefits so it is more valuable per dollar than the same amount in taxable pay. [5]

If you have always depended on an employer-sponsored plan you may not have thoroughly investigated different options that are available to you. When choosing an insurance product you want to include the following in your decision making process: