Most people need medical attention at some point in their lives. Find out how medical insurance can benefit you.
Medical insurance helps cover the cost of your medical expenses and offers other services that are beneficial. It is important to maintain your health and to treat accidents and illnesses before they become major medical issues. Screenings, vaccines, and some types of check-ups are covered before you even meet your yearly deductible.
Health insurance will protect you from the financial burden of high, often unexpected medical costs. Those who are not covered by some type of medical insurance are left paying the high price of medical bills. This can lead people into serious debt, and in some cases, for long term treatment needs, it can lead to bankruptcy.
According to HealthCare.gov most people underestimate how much medical care really costs.
- It can cost up to $7,500 dollars to fix a broken leg.
- A 3 day hospital stay is around $30,00
- Comprehensive cancer care can cost hundreds, maybe thousands of dollars.
Health insurance will reduce costs after your deductible has been met. If your plan is for you to pay $1,000 in services before insurance starts, then once the thousand dollars has been paid insurance will cover about 90% of all medical services after that.
Most medical insurance do not have yearly or lifetime limits and offer lifetime preventative care. Preventative care is an essential health benefit that allows for early diagnosis and treatment of many illnesses before they can become serious.
It is important to get all the information available about medical insurance and know what questions to ask about coverage. Some companies or services may look like insurance, but only give you protection against things like unexpected accidents or will only cover certain diseases.