Can I Afford Health Insurance?

Considering the cost of health care, a better question would be: "Can I afford NOT to have a health insurance? ". Indeed, medical costs are a leading cause of bankruptcy in the United States. A scheme & 39; health insurance must be an essential element of any financial plan liable & 39; that it is married or single. Even young, healthy adults should bear in mind that & 39; one & 39; visit to the emergency room of & 39; can cost hundreds, even thousands of dollars, and intensive care can cost thousands per day. And & 39; is not even counting the costs of prescription drugs.
There are measures to minimize the costs of health insurance & 39;. Many employers offer health insurance as a benefit for employees. Group rates d & 39; health insurance such as this are generally lower than the rates & 39; private insurance, employers can negotiate better pricing as a group. Workers and unions may also propose & 39; group health insurance for their members. Spouses and children can often be added to most employees health plan, although the rate will be higher. Premiums for subsidized by the employer & 39; d & 39; health insurance can be deducted from the employee pays & 39;, often with pre-tax dollars, increasing the savings & 39;. Many employers offer multiple health plans. The employee may be able to select from PPO, HMO, and traditional plans. Compare options, check the policy to determine what medical expenses are covered, and select the package that suits most of the needs of you and / or your family.
If a & 39; n is not available, coverage & d 39; private health insurance is available. L & 39; private health insurance is usually more expensive than group d & 39; insurance, but there are ways to reduce the rates. Shop and compare the rates that companies are choosing different & 39; health insurance. & 39; Health insurance companies usually offer lower rates for younger people, for non-smokers and those who had a normal weight. Rates will be higher, or deny coverage for pre-existing health conditions, for those working in high-risk occupations, and those who engage in high-risk activities such as race cars driving.
A newcomer to the health insurance & 39;, c & 39; is health plans & 39; Savings Account or HSA. An HSA allows the individual & 39; d & 39; s & 39; save money to pay the costs of health care routine, deductibles and co-pays. L & 39; IRS allows the money to be set aside pre-tax as well. HSAs are matched with a plan & 39; health insurance with low premiums and high deductible to cover major health expenses. In a sense, & 39; individual is "self-insured" for health care routine, with a major medical plan for more spending. Many experts predict that HSAs will become more popular in time as an alternative to the & 39; insurance plans.
Whatever traditional health plan that you choose, health care coverage is essential. A major surgery and / or the provision of care & 39; stay critcal could easily bankrupt any individual or & 39; a family. Consider the options available. Be sure of what is and & 39; n is not covered, and & 39; examine how this coverage is appropriate for your situation. Business & Technologies.com



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