Why Should You Have Health Insurance? First of all, it is important to understand what health insurance is. Health insurance is essentially a contract between you and an insurance company. You purchase a plan or policy, and the company agrees to pay part of your medical expenses in the event that you get injured or sick. Typically, health insurance policies also cover preventive care to keep you healthy, like well checkups and vaccines. To purchase insurance, you agree to pay a pre-determined amount (premium), which normally happens on a monthly basis, and you will have other costs outlined in the policy, like co-pays, deductibles or coinsurance. Typical Health plans will provide access to a whatâ€™s called a provider network â€“ a group that consists of doctors, hospitals, clinics, etc. If you get medical care outside of this network, your insurance may not pay for the services at all, or pay a much smaller portion.
Why Would It Be Important To Buy Health Insurance? Purchasing a health insurance policy can help provide protection to you and your family in the case of someone becoming injured or otherwise ill and needing expensive medical treatment. Obviously, no one intentionally plans to to get hurt or sick, however most all of use will need to be treated for some sort of illness or injury during our lifetime. Health insurance can help cover these costs. Also, health insurance provides coverage for costs related to wellness care that can help prevent illness and promote overall good health. The cost of health care can be extremely expensive. A major injury or serious illness can really cause a lot of financial stress on individuals and families that donâ€™t have health insurance. Medical bills are the top cause of personal bankruptcy in this country. Purchasing a health insurance policy cannot only protect your health, but also your financial viability.
How do I buy health insurance? A lot of people receive health insurance benefits through their job. The company usually covers a portion of the premiums and the employee pays the other portion. Some others purchase it themselves directly from an insurance company, a broker, or a website. The key to shopping for a health insurance plan is to get a handful of quotes and compare costs, coverage, network, etc. This will allow you to make a decision that is right for you and/or your family in terms of health insurance.
Having health insurance can provide a tremendous peace of mind to individuals and families. If they know they are covered in the case of illness or injury, they can feel comfortable. Those who are not covered run the risk of being strapped with large amounts of medical bills in the case of an accident or major sickness. If you are in need of any kind of insurance in the Carlsbad area, give Johnson and Wood Insurance Services a call. Our insurance agency can provide quotes and important information to help you make the right decision about your personal or business insurance. Photo Credit: Paul Bica, C x 2