5 Common Myths About Health Insurance Debunked
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Contents
- 1 Introduction
- 2 Myth: Health insurance is expensive.
- 3 Myth: I’m healthy so I don’t need health insurance.
- 4 Myth: I can’t afford health insurance because of the high cost of premiums and deductibles.
- 5 Myth: I’m young, so insurance isn’t worth it.
- 6 Myth: My employer covers all my health care needs – why should I get my own policy?
- 7 There are many misconceptions about health insurance that can impact your plan and costs
- 8 Conclusion
Introduction
Health insurance is a complicated beast. There are so many aspects to consider, from deductibles and copays to the number of doctors in your network. It can be overwhelming if you’re not familiar with the terminology or how to compare policies. But just as there are many myths about health insurance out there, there are also misconceptions about what’s covered under various plans—and these misconceptions can make it difficult for you to know whether or not you should get coverage in the first place! As an expert in this field (and an avid consumer), I’m here today with five common myths about health insurance that I would like to debunk:
Myth: Health insurance is expensive.
You know what’s expensive? Not having health insurance.
If you’re thinking about skipping out on getting insurance, you should know that it’s not as expensive as some people think. In fact, the average monthly premium for an individual is only $168 per month–which breaks down to less than $20 per day! And that doesn’t include all of the other benefits like copays, deductibles and coinsurance payments that come along with having coverage.
Getting sick or injured happens to everyone at some point in their lives; whether it’s an accident or illness (and most diseases aren’t planned), no one wants to be left footing huge medical bills on their own while they recover from whatever ailment they contracted while uninsured. If something happens before your next paycheck arrives in two weeks’ time? You could end up paying thousands upon thousands of dollars out-of-pocket before getting any help from either Medicare or Medicaid programs which don’t cover everything under every circumstance either…so why risk putting yourself into such a precarious situation when there are so many affordable options available today?
Myth: I’m healthy so I don’t need health insurance.
You may think that you’re healthy and don’t need health insurance, but the truth is that no one knows when they will be hit with an unexpected illness or accident. For example, if you are hit by a car while walking down the street one day and suffer from broken bones as a result of this accident, then it’s highly likely that these injuries will require medical attention at some point in time. The cost of treatments can add up quickly depending on how severe those injuries are–which means that even if they aren’t life threatening and don’t require hospitalization (and thus insurance), they could still leave lasting effects on your body in terms of pain management or mobility problems. In addition to this example scenario:
- Health Insurance Can Help You Save Money On Doctor Visits And Prescription Drugs – One thing many people don’t realize about having health insurance is how much money they end up saving when compared against paying out-of-pocket costs every month without coverage! Not only does this mean avoiding going into debt over treatment bills later down the road (which can happen easily since doctors often charge exorbitant fees), but it also helps prevent situations where patients simply do not have access anymore due lack thereof funds within their budgeting system after spending everything else first.”
The truth is, there are two different things that make up your monthly health insurance costs: premiums and deductibles. Your premium (the amount you pay every month) is usually the biggest part of your monthly health insurance costs, but understanding how it works can help you save money on other expenses later on down the line.
Deductibles are another important thing to understand when buying health insurance–they’re basically how much money you’ll have to shell out before coverage kicks in for certain services like doctor visits or prescriptions. When considering whether or not a particular policy suits your needs, look closely at both premiums and deductibles before signing up for any plan–you may find that paying more each month means less overall out-of-pocket expenses over time!
Myth: I’m young, so insurance isn’t worth it.
The second most common myth about health insurance is that it’s not worth it for young people. You may think you’re young, healthy and have no reason to buy a plan–but what if something happens? What if you get sick or injured? Will your parents be able to help pay for the medical bills?
What many don’t realize is that having a good plan can actually save them money in the long run. If someone gets hurt while they are uninsured, they’ll end up paying out of pocket for whatever treatment they receive until they get their own plan set up again–and that could mean thousands upon thousands spent unnecessarily.
Myth: My employer covers all my health care needs – why should I get my own policy?
Many people believe that their employer covers all health care needs. However, this is not always the case. Some employers have high deductibles or do not cover pre-existing conditions, which means you could be responsible for paying out of pocket until your deductible has been met. Additionally, some employers only offer vision and dental insurance as part of their plan and do not include prescription drug coverage at all. If you need to fill prescriptions on a regular basis or have other medical expenses like orthodontics or glasses (or hearing aids), then it’s important to consider getting your own policy so that those costs are covered outside of what may come out of pocket through work-related benefits
There are many misconceptions about health insurance that can impact your plan and costs
This article will debunk five of them, so you can make sure that you’re getting the coverage that works best for you.
- Myth: I don’t need to get health insurance because my employer provides it.
This is a common misconception among Americans who work at companies with more than 50 employees. In fact, there are many reasons why this isn’t true:
- Your employer may not offer coverage at all (or only limited options). You might also have to pay a portion of the premium or deductible out-of-pocket as part of your compensation package–and if they do offer benefits, they may not include dental or vision care or cover any pre-existing conditions.*
Conclusion
The truth is, health insurance can help you save money and stay healthy. If you’re looking for a way to get coverage, we hope these five myths have helped clear up some misconceptions about health insurance. And if not? Well then maybe it’s time for an upgrade!
