WHAT IS HEALTH INSURANCE?
Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over numerous persons.
Buying health insurance as an individual, family, or small business now can seem daunting at first, but it doesn’t need to be complicated. There are some certain things you want to look for, of course. Price is always a factor, and that can often be hard to gauge.
It really comes down to how much you want to pay. How much can you afford to pay each month? Like car insurance, the more money you pay monthly, the more financial coverage you’ll have should unforeseen expenses arise.
Far too often, consumers will only look at the monthly premium when determining the right health insurance for them. The monthly cost should definitely be a factor, but focusing on only price can cause grief and end up costing you more in the long run. So what else should you consider when shopping for health insurance?
BENEFITS OF HEALTH AND DENTAL INSURANCE
Having health insurance has many benefits. It protects you and your family from financial losses in the same way that home or car insurance does. Even if you are in good health, you never know when you might have an accident or get sick. A trip to the hospital can be much costlier than you might expect. Consider these facts:
- The average cost of a trip to the emergency room for an adult is about $700, not including any tests or hospitalization, which may increase the bill to well over $1,000.
- A broken leg can cost up to $7,500.
- Average costs for childbirth are up to $8,800, and well over $10,000 for C-section delivery.
- The total cost of a hip replacement can run a whopping $32,000.
These examples sound scary, but the good news is that, with the right plan, you can protect yourself from most of these and other types of medical bills.
Term life insurance is a simple and affordable way to safeguard the financial health of loved ones if something happens to you. Contact us today to get the protection you need and the peace of mind you deserve.