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4 Reasons Not to Wait any Longer for Health Insurance

(Image: Zef Delgadillo under CC 3.0)

1. Pre-existing Conditions Protection If you are refused coverage because of your health, you can get medical insurance from a new high-risk pool. The pool will be established within six months and will operate until 2014, when insurance companies can no longer refuse applicants with pre-existing health problems. Annual out-of-pocket medical costs will be capped at $5,950 for individuals and $11,900 for families.

2. Healthcare is Pricey Healthcare is more expensive when you are uninsured. Medical services are double the cost when you don’t have coverage. Those without insurance are usually charged full price because they don’t qualify for discounts others receive under good health insurance plans.

3. Uninsured Risks Often times, uninsured individuals end up in financial debt due to outstanding medical cost. In fact, medical bills are a leading cause of personal bankruptcy among Americans. The reality is you never know when a medical emergency will happen to you or a loved one, but having health coverage will reduce the chances of crippling medical costs.

4. Youth offers no protection Young adults tend to go without health insurance believing that coverage is just for seniors or sick people. However, persons between the ages of 19 and 29 are more likely to visit the emergency room because they don’t have health insurance. No one should start out their adult life with a mountain of medical bills.

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