Because no one will remain healthy there entire life.
The purpose of health insurance is to help pay for the expensive costs of health care. Even a relatively minor condition, if not treated properly, can become extremely expensive. Without insurance, you would be responsible for the entirety of the bill which could be thousands of dollars.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
The purpose of health insurance is to protect yourself financially in the event of a catastrophic event by shifting the risk to a third party (the insurance company). This way you're only paying a small amount of money and not stuck with a bill for 10s of thousands of dollars, if not 100s of thousands of dollars. Would you rather pay a small amount of the bill or take on the risk of paying the entire thing yourself?
For example, if you have a health insurance plan and broke your leg and needed to have a $100,000 surgical operation, you may only be responsible for a few thousand dollars of it (e.g. your deductible or coinsurance), as opposed to being responsible for paying the entire bill yourself. How many people could afford to write a check for that amount without liquidating all of their assets?
Many health plans will provide additional benefits as well, such as coverage for preventive care, routine doctor visits, prescription drugs, etc.
I always recommend people consult with an experienced broker - we have an in-depth knowledge of a wide range of products available in the marketplace and can help you find the health plan that's going to be most suitable to your needs and your budget. Please let me know if I can be of assistance. Thanks very much.
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The purpose of health insurance is to help pay for the expensive costs of health care. Even a relatively minor condition, if not treated properly, can become extremely expensive. Without insurance, you would be responsible for the entirety of the bill which could be thousands of dollars.
For example, if you have a health insurance plan and broke your leg and needed to have a $100,000 surgical operation, you may only be responsible for a few thousand dollars of it (e.g. your deductible or coinsurance), as opposed to being responsible for paying the entire bill yourself. How many people could afford to write a check for that amount without liquidating all of their assets?
Many health plans will provide additional benefits as well, such as coverage for preventive care, routine doctor visits, prescription drugs, etc.
I always recommend people consult with an experienced broker - we have an in-depth knowledge of a wide range of products available in the marketplace and can help you find the health plan that's going to be most suitable to your needs and your budget. Please let me know if I can be of assistance. Thanks very much.