If you’re under 30, you need health insurance. Plain and simple.
Many young and healthy people often question whether or not having health insurance is really that important. I mean, you’re under 30, don’t have any threatening medical conditions, and rarely get sick. So, why would you need health insurance right? Well, what happens in the case of an emergency? Say you get in a car accident and now have to ride in an ambulance, have surgery, and stay three nights at the hospital. That’s racking medical bills up to tens of thousands of dollars, but if you have health insurance, it can help you with those costs.
What is Health Insurance?
To start, health insurance is an agreement between a person and a company to cover the cost of medical and healthcare services. These services can include emergency visits, doctor visits, check-ups, and sometimes prescription drugs. There are many types of health insurance plans to choose from. The Health Insurance Marketplace is an excellent place to research if you’re beginning your health insurance journey.
Why You Need Health Insurance If You’re Young and Healthy
As stated above, you never know when an emergency will or can happen. People don’t plan to get sick; it just happens. And if you don’t have health insurance, you could pay 100% of your medical costs. Also, health insurance is bound to give you peace of mind, so you never have to worry and stress about going to the doctor for a check-up or routine visit. If you’re healthy now, don’t you want to stay healthy as you get older? Health insurance allows you to go to those regular check-ups, which in hindsight, can help spot any possible illnesses early on. If you catch it early enough, you might save thousands of dollars for treatment if needed.
Does Health Insurance Really Cost That Much?
The cost of health insurance is another reason most people don’t have it. But does it really cost that much? It depends on factors such as your income and where you live. You can “shop” around for your health insurance plan at the Health Insurance Marketplace. You can apply for the application at Healthcare.gov and enroll for it during the open enrollment period, which is November 1st through December 15th. If you want health insurance to start in the new year, you must enroll before the deadline (December 15th). You do have until January 15, 2023, to enroll in or change a 2023 health plan. After this date, you can enroll in or change plans only if you qualify for a Special Enrollment Period. On February 1, 2023, 2023 coverage starts for those who enroll in or change plans December 16, 2022 through January 15, 2023, and pay their first premium. At the end of the day, if you have health coverage, you will save money if you have a hefty medical bill, no matter what. It’s better to pay a monthly premium that will save you than not paying anything and having a big bill later.
Options If You’re Under 30
As mentioned earlier, the Health Insurance Marketplace is a great way to start your health insurance journey. But let’s say you’re 25 and about to be kicked off your parent’s health insurance. The first thing to do is check with your employer and see your benefits. Almost every company, big or small, should be able to provide you with health insurance. Now the choice is yours if you want to enroll in the health coverage your company offers or enroll in a different plan you seek, like one you find from the marketplace.
Still Unsure Of What Health Insurance Plan To Choose?
Contact me today, and I can help you choose the right plan. I know how intimidating health insurance can be, especially if you’re young and haven’t dealt with it before.