You need to know what your affordable health insurance covers, so you don’t get any nasty surprises when you need medical care.
How many people can truly hold up their hand and say they have read their health insurance policy? That number would be very small indeed, as the very thought of reading a health insurance policy puts people to sleep. It’s too complex, they say — too boring, too complicated, too technical and does not make sense.
While they may have a point about the content of policies, there is no reason not to ask questions about what you want to know and what your policy does and does not cover. This is information you definitely need to be aware of for future reference.
If you don’t know what things you are covered for and end up in a hospital needing emergency medical care, you’d best be sure your insurance covers something like this. If it does not, you get the bill and you will be hard pressed to pay it.
A broken wrist alone, with no complications or surgery, could run you about $20,000 or more. Do you have that sitting in your bank account? Not many people do. That means your choices may come down to making payments for a very long time, or considering bankruptcy. Scary thought, but not having health insurance is a poor choice for a number of reasons, with the main one being you could be wiped out financially by even a one day stay in the hospital.
Affordable health insurance is out there. You just need to take the time to find it and make the payments to ensure you are protected when you need it. You need to be aware of what is covered and what is not, no matter how much your policy costs. Not knowing what the insurance company will pick up and what they won’t makes it difficult for you if you find yourself needing a certain type of care that is not in the four corners of your policy.
While you don’t need to memorize your policy word for word, it helps to be aware of what it will do for you when you need it, how to submit claims, how much the insurance company will pay, when they will pay it and what your premiums are. You will also want to know if you are in or out-of-network, as that simple difference can mean hundreds of dollars one way or another.