subject: The Financial Risk No American Should Take [print this page] The Financial Risk No American Should Take
Health insurance is an expensive need that many Americans choose not to have or can't afford. Those who go without health insurance become financially vulnerable to potential medical expenses. Americans purchase health insurance to financially protect themselves from going bankrupt if they or a family member under the same insurance plan needs an expensive medical procedure. Accidents happen every day and if uninsured you are putting yourself at risk not only health wise, but also financially.
There are two major ways people can obtain a standard health insurance plan. One is a group plan. Group plans are usually available through a person's place of work and covers them and anyone who they list as a dependent. Dependents would consist of spouses, and children. Group health insurance is typically the least expensive, however since offered through the workplace if an individual ever should leave his/her job their insurance plan would also cease. However, most companies allow individuals to continue their plans if they take over the full payments. Workplaces will cover individuals who were laid off or let go up to 18 months post-termination.
The other way to obtain insurance is through an individual plan. Not all jobs will offer individual health insurance plans, so you may have to do some shopping on your own. These plans vary provider to provider. You can get health insurance quotes over the phone or online. Searching online will provide you with the best way to compare, because you'll have everything in front of you on the computer screen to look at. By having their polices and quotes in front of you to read you'll have a better understanding of what the health insurance provider will cover. Carefully compare each insurance policy while you shop to make sure the one you choose meets all your desired requirements which may concern specialist visits, prescriptions, co-pays etc.
Although it may seem like a monthly expense you could do without, choosing to not purchase a health or life insurance plan is not a wise decision. Your health may be fine now, but no one knows what will happen tomorrow. Make sure you and your loved ones are taken care of, and remember it's not just you finances at risk it's your health too.
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