Why Do You Need Health Insurance?

A short hospital stay can cost thousands of dollars. If you don’t have insurance, you could be responsible for the entire bill.
“Like auto insurance, health insurance is a service you pay for but hope you will never need. It’s there for the unpredictable, unexpected and fundamentally uncontrollable problems that come up in people’s lives,” said Dr. Molly Cooke, a practicing internist who is president of the American College of Physicians and a professor of medicine at the University of California, San Francisco.
Health insurance plays a vital role in our lives, impacting both our well-being and financial security. Let’s explore why having health insurance matters:

Financial Benefits

Medical Bills and Prescription Drugs: Health insurance helps pay for medical expenses, including prescription drugs. Without it, you’d be responsible for covering all costs, which can quickly add up.

Avoiding Large Medical Debt: Unexpected accidents or illnesses can happen to anyone. A broken leg from a fall, for instance, can cost nearly $8,000 in healthcare expenses. With insurance, you might only pay 20% of that cost, significantly reducing your financial burden.

Out-of-Pocket Maximum: For severe illnesses, like a cancer diagnosis or a three-day hospital stay, health insurance limits your annual spending. Once you reach the out-of-pocket maximum, the plan covers 100% of your costs for covered services.

Health Benefits

Longer, Healthier Life: Having insurance contributes to a healthier life. Regular access to care helps detect and manage illnesses and diseases early, improving overall well-being.

Regular Source of Care: Health insurance connects you to a consistent source of medical attention. Preventive check-ups and timely treatments lead to better health outcomes.

Peace of Mind

Reduced Financial Concerns: Knowing you’re covered by insurance eases worries about medical costs. Unexpected health issues won’t catch you off guard.

Access to Care: Having insurance eliminates concerns about not being able to afford necessary treatments or doctor visits.

No Stigma: Being insured removes any stigma associated with being without coverage.

Remember, health insurance isn’t just about dollars and cents—it’s about safeguarding your health and well-being. Whether you’re young or older, having coverage can make all the difference between sickness and health, even life and death. We at Hodges Insurance Agency are here to help. We have over 40 years of experience helping find people the right coverage for their specific needs, and we would be happy to assist you. Call us today or submit a contact form to set up an appointment to speak with one of our qualified agents.

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