Many people make one common mistake in their youth. Some consider themselves too young and too healthy for health insurance. Some might find buying health insurance is too expensive for their needs at the time. Still, others might think buying health insurance is not worth the trouble right now. Whatever the reason, the result is many young people don’t have health insurance. Imagine that, most people have Frontier packages, but not health insurance. Almost seems like a recipe for disaster, doesn’t it? So why not get health insurance while you’re young?
The Advantages of Having Health Insurance at an Early Age
These days, changing lifestyles are responsible for a number of health issues. People work longer hours, party harder, eat unhealthier, and exercise occasionally. What this means is, even at a young age, you may have poorer health than you might think you have. And while you may not think about it right now, a medical emergency without insurance could set you back hundreds or thousands of dollars. If you’ve been thinking you don’t earn enough to afford health insurance, then you need to consider losing even more money when ill. There is no better time to buy health insurance than when you’re young. Here’s why:
- More Affordable
- Protection against Catastrophe
- Complete Coverage
Let’s examine these in more detail below.
#1. More Affordable
The younger you are, the more affordable health insurance will be for you. In fact, getting health insurance may actually be easier and more affordable than you think. Based on certain scenarios, you may qualify for savings that will make your insurance policy less expensive. You may also save on the actual health expenses or out-of-pocket costs you incur. This means you will likely have a lower insurance deductible. You will also have to pay less every time you need health care.
#2. Protection against Catastrophe
If you’re below 30, you can pick a catastrophe coverage policy that protects you against worst-case health situations. You may think this is unnecessary but consider this: disaster could strike at any time. A fractured arm or leg can easily cost you more than $7000 in medical treatment bills. A four-day stay in the hospital could set you back nearly $40,000 dollars. If you have no insurance, and your income can’t cover these expenses, you will sink into debt. Or worse, you may not get the treatment you need.
There’s also the money factor. If you’re paying for every medical service out of your own pocket, sooner or later you’ll start to skimp on expenses. This means you’ll start making decisions based on monetary terms rather than your own health.
Also Read:- Top 6 benefits offered by Health Insurance:
#3. Complete Coverage
Health insurance plans usually offer different coverage, depending on the price of the policy. But at your age, the premiums are bound to be smaller, which means you could opt for complete coverage. And you could do it cheaper now than if you bought it when you’re 40. Complete coverage plans usually take care of:
- Emergency room services
- Hospital charges
- Doctor charges
- Mental health treatment
- Pre-existing conditions
- Substance abuse treatment
- Lab work
Depending on your insurance company, you may also have coverage for breast cancer screenings and other preventive services for both children and adults.
There is a lot of flexibility when it comes to buying insurance before you turn thirty. Most insurance services offer you policies based on your savings status and income. They also let you know immediately how much you’ll be saving on your insurance costs. Many modern websites let you compare insurance policies side by side so you can get a better idea of what will work best. If you qualify for Medicaid, you can expect a lower or, in some cases, free cost of coverage.
The best thing about the digital age is that you have everything at your fingertips. You can buy an insurance policy with the help of Frontier internet packages and a good insurance website. Get insurance now while you’re young and avoid any potential disaster or catastrophe. Live healthily, but also plan for the worst!