The rising cost of health insurance over the last few decades has been a huge detriment to many people. Because of the sky-high prices, many people have decided to reject any health insurance offers—instead, choosing to rely on “their great physical health” and pure luck. This is not a winning strategy, and there are many reasons you should get health insurance other than blatant reasons.
Costlier Medical Bills
While something isn’t guaranteed to happen, if an incident does occur, you’ll be paying significantly higher medical bills than you would if you invested in an insurance plan. Though the high insurance expenses may start to rack up, it is better than having nothing at all. Two out of three personal bankruptcies between 2013 and 2016 were caused by medical issues, so being short of coverage can be disastrous.
According to KFF, medical bills and medicine can be ridiculously high, and you’ll be forced to pay out of pocket if you don’t have a plan. Don’t be afraid to talk with a financial counselor to see what kinds of medical plans you can afford, and at worst, you can find a cheap government plan that can assure you.
You Begin to Ignore Health Issues
Avoiding an insurance plan not only encourages people to hope that their health will stay good, but it can also cause people to ignore the problems they have. This can make medical problems more serious and more painful as time goes on—forcing you to spend more money than ever on expensive procedures.
For instance, according to Stellar Family Orthodontics, letting an infection get too severe can result in having the tooth pulled. While typical dental cleanings can be around $75-150 a visit, getting a tooth pulled is at most $300-600. While it isn’t that extreme of a difference, it certainly adds up.
Anxiety
Another unintended side effect of neglecting health coverage is the fear that something might happen. Insurance can give you peace of mind in any sort of conflict. According to Bought By Many, not having insurance can make your life more stressful. This consequently makes you more vulnerable to disease and other health problems.
Some people may find that this trade-off suits them. However, for the vast majority of individuals, the anxiety that something might happen can be just too great. If you think that you might need some sort of insurance, contact a specialist to see what they can do for you.
To best take care of yourself, you should be invested in some sort of health insurance. It will help you take care of your body better, keep your mind at peace, and help you keep stable finances in order. Health insurance should be one of your monthly payments.
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