Are you one of the 47 million Americans who had no health insurance in 2006? Can you really afford not to have medical insurance? We have all heard the saying “Roll the dice and pay the price”, but do you really want to play Russian Roulette with your health?

In the USA there is no socialized health care. This means that if you fall ill, you will be responsible for your own medical accounts, at the time of the procedure. If you should be unlucky enough to have a dramatic accident or serious illness, your bills could end up being extremely costly. Can you really afford a hospital stay for yourself or a family member?

Medical insurance is a way of protecting yourself against the unexpected. Let’s face it - can you count on winning the lottery to pay your health bills?

Medical insurance ensures that you are protected financially in the event of unexpected medical bills. Those expensive hospital bills will be paid for by someone other than yourself.

In America, managed care health insurance plans are popular. Various styles of managed care plans are run in a variety of ways. Some of the different options include fee-for-service plans, health maintenance organizations (HMO’s), preferred provider organizations (PPO’s), and point-of –service (POS) plans.

When you are a member of a health care plan you pay a premium either monthly or quarterly to the insurance provider. When you require medical attention, your insurance company will then pay all or a portion of the service fee, depending on your level of insurance cover.

Medical insurance buys you peace of mind. Knowing that you and your loved ones are covered in the event of a serious illness is a comforting thought. No one wants to sell their home or borrow money to pay for their medical bills. Medical insurance, can you afford not to have it?

Tags: Health Insurance //