Why Health Insurance Matters More Than You Realize
Why Health Insurance Matters

Health insurance is more important than ever in today’s busy world. Healthcare costs are increasing, and you never know when you might get sick or have an accident. That’s why it’s essential to have a plan in place to protect you and your family financially. Health insurance helps you get the medical care you need without worrying about the cost. Unexpected medical emergencies can mess up your finances, so health insurance is valuable. Insurance is essential with healthcare costs increasing and illnesses and accidents happening unexpectedly. In this edition of Health Plus Advisor, we’ll discuss why health insurance is so important and how it can help you.

Making Treatment Affordable: Immediate Benefits of Health Insurance

The high price of healthcare is a big money problem for people and families. For instance, treating a broken leg can require an expense of $7,500, while a three-day hospital stay can amount to $30,000. In cases of severe conditions like cancer, medical bills can skyrocket into hundreds of thousands of dollars. These excessive costs often lead to financial strain, forcing individuals to tap into retirement savings or even declare bankruptcy. Health insurance is a crucial safeguard against such financial burdens, providing a safety net in times of need.

When considering the importance, it’s natural to focus on worst-case scenarios. Indeed, insurance is indispensable in cases of severe injury or illness. Whether covering the costs of a broken leg or a prolonged hospital stay, insurance alleviates the burden of high medical bills, which are a leading cause of financial distress for many Americans. Avoiding such financial risks underscores the necessity of ensuring adequate health coverage, as it offers essential protection against unforeseen healthcare expenses.

Preventive Care: A Proactive Approach to Health

When you buy health insurance, you start benefiting right away. Even if there’s a deductible, you’ll pay less for doctor visits than without insurance. Some plans also offer cheaper generic drugs and accessible programs to manage diseases. Health coverage helps you catch problems early or prevent them altogether, saving you a lot of money in the long run. Preventive care is essential for staying healthy.

Some plans include free preventive care, like check-ups and shots. They also cover managing chronic diseases and screenings for things like high blood pressure, diabetes, cancer, and depression. Finding problems early makes treatment more accessible and more successful. Health insurance allows many individuals to get the necessary care at the right time.

Financial Assistance and Penalties: Navigating the Healthcare Landscape

Healthcare costs can be complicated, but help is out there. Since 2020, some states have required people to have health insurance, with fines for not complying. Fortunately, there are financial aid programs to make insurance more affordable. Consider the story of Kim, who couldn’t afford a colon cancer screening until she obtained insurance. Fortunately, early detection through insurance coverage allowed her to receive timely treatment. If you’re concerned about penalties or affordability, rest assured that options are available to support you.

Peace of Mind: Beyond Financial Protection

Health insurance extends beyond financial security; it offers peace of mind by ensuring coverage during medical emergencies and alleviating concerns about potential economic crises. The risks of lacking insurance surpass any disadvantages of having it, as accidents can happen to anyone regardless of age or health status. With coverage, individuals can engage in activities without fear of injury and associated costs. Conversely, being uninsured can lead to financial challenges due to high medical expenses and penalties. Having insurance is crucial to safeguard both health and economic well-being.

The Health Plus Advisor stresses the critical significance of health insurance in contemporary society. Whether it’s reducing financial vulnerabilities, promoting preventive care, or providing assurance, health insurance plays a pivotal role in comprehensive healthcare strategies. Opt for quality health insurance coverage to safeguard your health and financial stability.

About the Author:

Parker was born and raised in Lakeland, FL, where he attended George Jenkins High School. He went on to receive his Bachelor of Science degree in Marketing and Management from the University of South Florida Polytechnic.

In 2008, Parker passed his state insurance exam and began selling Medicare Advantage plans under a local brokerage in Lakeland. In 2010, Parker worked as a sales agent for United Healthcare and became the top salesman until leaving in June 2019 to start his own insurance agency, Health Plus Advisors, Inc.

Parker has been married for almost 11 years to his wonderful wife, Courtney, and has three kids. Boone, age 9, loves to play baseball; Reese, age 8, competes in gymnastics; and Baylor, age 5, loves soccer and softball. During the summer, they love to spend time on the water in Anna Maria; during the winter, visiting family in Georgia and Connecticut.