Here in the United States, it is of the utmost importance that people of all ages have some sort of health insurance to somehow assist in any way with medical bills, routine check-ups, etc. Although it is such a necessity and the law for American citizens to have healthcare coverage, many people do not have it and even those who do don’t fully understand what it is they are having to sign up for in the case of an emergency.

Just the facts:

Over 40% of American citizens are not medically insured. This means almost 125 million people in this great country are not covered in case something happens, and even worse, are not able to get routine check-ups. The largest portion of our uninsured population includes individuals that fall into the 20-29 year age range. Interestingly enough, this is one of the largest portions of the American population period. It may help if the individuals who are not insured would be educated as to what health insurance is, how it benefits them and how can it be obtained.

Also, healthcare is and has been one of the highest expenses and the price for general doctor visits continues to climb. Even with health insurance, it is becoming more and more expensive for a consumer to cover the price by themselves. Because of this, insurance companies have to stay ahead of the game.

Health Insurance at a Glance:

Health insurance is designed to take some of the expense away from the consumer themselves and give them some sort of leverage with the ever increasing prices of doctor bills, surgery, X-ray and laboratory fees, and pharmaceutical expenses. In certain cases, it may cover things like dental and vision, and long-term hospitalization as well.

Health insurance agencies are able to afford offering these services in a few different ways. First, they choose groups whom are statistically healthy. This way, the insurer is not getting conned out of paying for already expensive health care fees for someone who has a history of being sick more often. Also, they set limitations on coverage. This is for the same reason, so that they don’t have to pay the entire bill. The agency will negotiate with healthcare providers to give discounted services. They will also charge the consumer premiums, deductibles, and co-pays for insurance with the client themselves and also a stream of income for the agency.

Tags: co-pays, deductibles, health insurance