If you are finding it hard to make ends meet than you may well have decided to hold back on medical insurance and you are certainly not alone in the world as many people don't have any form of medical cover. In their mind, they can't really justify paying the additional money that would be needed.
Is this really a good idea today? In the vast majority of situations it might be a terrible mistake. With the way that medical costs are climbing each year even some of the most basic of care can cost you thousands.
Let's say for example that you have been putting off purchasing medical insurance. You rally do not feel that you can afford to pay for anything extra from your account each month and so you simply put it off.
Then one day you are driving home from a long day at work when somebody pulls out in front of you and you are forced to swerve to avoid them. In doing so you leave the road and run into a tree. At this point, the other driver keeps on driving because they're frightened. Not surprisingly, you suffer several injuries and have to be taken to the the local hospital.
You are of course really in no position to pick and choose whether or not you wish to have life saving procedures performed on you after an accident. The emergency room staff will just do whatever has to be done and you will be presented with the bill later. Naturally, spending any length of time in an emergency room is not exactly helpful when it comes to saving you money. The hospital then bills you approximately $45,000 for all of the services they performed.
What this means is that, rather than paying a couple of hundred dollars each month for medical insurance, you are saddled with a bill which you will possibly never be able to pay. And, when you owe money to a hospital, they'll send bill collectors and will eventually sue. You may have to declare yourself bankrupt and your credit rating is going to be ruined forever. In fact, your entire life could well be negatively affected in a situation such as this.
Some sort of medical insurance coverage is better than having no medical insurance coverage at all. Accidents like this occur each day and, if you have some form of medical insurance coverage, your insurer is going to save your bacon. Instead of you being landed with an insurmountable bill you will have somebody who is going to take care of it.
You'll almost certainly have to pay something towards the cost but it is going to be much more manageable when you are getting help from the insurance company. If you have been putting off getting some sort of health insurance then do not do it any longer. Don't try to convince yourself that it is not worth getting insurance unless you can get an expensive package with all the bells and whistles.
begin small with merely the basic features needed in case of emergency and, then as you start to get more comfortable with your expenditure, slowly upgrade your plan to get the features you want. It won't seem like such a large bite out of your monthly paycheck if you do it slowly.
Health insurance is not something which you can afford to live without so do not be afraid to talk to someone about your options. The only way to find out what you can afford is to ask.
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