Health insurance is expensive, and if you are trying to stick to a strict budget for any reason, you may be tempted to cut out your insurance policy to save money. While this may seem like a good idea if you are a healthy person, it often backfires and can end up costing you a significant amount of money. Here are three reasons why you should make quality health insurance a priority in your budget.
1. People Can Get Sick at Any Time
If you are in good health, you may not need to visit the doctor frequently. Common colds and allergies can usually be treated easily with over-the-counter medications, so you may feel like going to the doctor is a waste of money. However, it is important to remember that severe health problems can pop up at any time. If you catch a severe case of pneumonia, you may need to be hospitalized for a few days. If you’re diagnosed with Type II diabetes, you may need expensive insulin each month. You could be diagnosed with cancer and need extensive treatment to get rid of it. All of these situations can occur when you least expect them, and having health insurance in Massachusetts is a good way to offset the cost so you don’t have to choose between paying your rent or paying your medical bills.
2. Accidents Happen
Even if you rarely get sick and are never diagnosed with any type of chronic or terminal illness, you could still get hurt in an accident. Millions of people in America are involved in car accidents each day, and while many of them are minor, some result in serious injuries. You could get hurt while playing sports or trip and break an ankle while walking down the street. There is an endless number of ways to get hurt in an accident, but the first thing you should always do is seek medical attention. Even if the accident was caused by someone else, you can’t be sure he or she will pay your medical bills. You may have to pay out of pocket if you don’t have insurance, and your medical bills could be extensive if your injury was serious. Insurance could be the difference between affording medical care or having to do without.
3. You Can Choose a Policy That Works for You
There is no one-size-fits-all when it comes to health insurance. There are many companies and policies to choose from, so what works for your friend may not be feasible for you. You don’t have to go with a plan that offers more coverage than you need. There are plenty of affordable health care plans that provide decent coverage so that you can afford to see a doctor when you need one. The trick is to compare the features of various insurance policies so that you can find one with a deductible and premium you can afford. There is a plan available to meet every budget, even if you only want and need the most basic coverage.
With so many options available, there is no reason to go without health insurance. You never know when you will need it, so even if you rarely use it now, it is a good investment for the future. Cutting health insurance from your budget is not only bad for your wallet if you need coverage later in the year, but it also has a negative impact on your wellbeing. These three reasons should convince you to keep health insurance coverage even if you rarely use it. If you don’t have a health insurance plan, start taking steps to obtain it so you never have to worry about unexpected medical bills.