Lack of Medical Insurance Can Lead to Bankruptcy
If you don’t have Medical Insurance, your first concern will not generally be the prospect of bankruptcy filing down the road. You will likely be more worried about how you can’t afford medical insurance, or how you never go to the doctor so you don’t need it. Your concern might be getting Health Insurance Quotes that if something happens, you’ll be covered on medical bills for a long time. Like most people, though, when you think about not having medical insurance, the chances are slim that you actually think about the possibility of filing bankruptcy.
Too often, people don’t have Medical Insurance because they think that they can’t afford it at the time. However, when they get to a point where their medical bills have led them to bankruptcy or other financial distress, they might be thinking twice about that $100 or $200 monthly investment toward health premiums. Medical bills are never pleasant, and are even more difficult to deal with when you don’t have Medical Insurance at all. When it comes to the cost of Medical Insurance versus the repercussions of not having any, it’s almost always better to pay for something you don’t use than to need something that you don’t have.
Bankruptcy laws are changing due to the mass amounts of people who use it to get rid of credit card debt and Medical Insurance bills. What does this mean for you? It means that even if you get to a point down the road where you see bankruptcy as your only way out of medical bills, it might not be an option anymore. Medical Insurance certainly isn’t cheap, but not having health insurance will definitely cost you far more in the long run. You might be able to keep yourself healthy and avoid common doctor’s visits on a regular basis, but there is no way you can predict what will happen in the future, or whether you’ll ever be in some kind of accident.
With so many Medical Insurance companies out there that you can work with, there is absolutely no justification for not having Medical Insurance . If you are on a restricted income or can’t find a health plan that you can afford, you need to check into medicaid or public assistance, or do whatever you can to protect yourself so that you don’t end up in the position of so many before you that have filed bankruptcy as a result of not having Medical Insurance .
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