With all the talk about healthcare reform, you may be wondering why it is necessary to buy individual health insurance right now. Why not wait until Congress passes a bill to make health insurance more affordable? The problem with that is that nothing is guaranteed in politics. Recent elections have already caused the Obama administration to change tactics. There is still a chance that the legislation will fail, leaving you with fewer options if you later develop a pre-existing condition.
If you are uninsured and currently able to afford the cost individual health insurance entails, it is highly recommended that you get a policy now. After all, you can always change policies if healthcare reform passes and the proposed regulated and subsidized exchange markets are established. Even if reform passes, it will be several years before many provisions take full effect. Don’t be caught without health insurance in the meantime!