Why do you need health insurance?

Consider the cost of not having health insurance. If you are involved in an accident on your way to work, or contract a serious illness, you have to pay the hospital bills from your own pocket. This also means that you have to pay a deposit before admittance to private hospitals. If your spouse or children get seriously ill or hurt, the medical costs can lead to a total depletion of your savings. It may even cause bankruptcy. Another reason is that your family will have to settle for public health care facilities, and wait in line with hundreds of other patients. Apart from that, you still have to pay for expensive operations that are not covered under public health care.

Private or Group insurance?

The two main types of medical insurance are private and group insurance. With group insurance, the employer provides health plans, or assists the employee in obtaining medical coverage at a better rate. The employer may carry part of the cost, or pay the whole monthly premium. If your employer provides a medical coverage program, it is usually best to make use of it. In most cases, it is cheaper than individual or private medical insurance.

If you are unsure about which route is best for you, consult with a professional. As an independent insurance agency, we are able to look at multiple insurance carriers to make recommendations based on your needs and budget.

Health Reform