The Basics of Health Insurance

​Health insurance is a policy that covers your medical expenditures. Just like car insurance covers your vehicle if you get into an accident, health insurance handles and protects you if you get injured or sick. Health insurance can also cover your preventive care, such as tests before you get ill and even visit the doctor. 

Health Insurance Basics
Health insurance does not always cover you 100%. This policy is designed to share the costs and expenses with you until a certain point. This is called the out-of-pocket limit. After hitting the limit, your health insurance will shoulder 100% of your medical and other health care costs. 

Health insurance companies have ways of sharing these costs with you. They consist of these significant features of your health insurance plan that you need to be informed about, such as your copayment, deductible, out-of-pocket limit, and coinsurance. 

Who Should Get Health Insurance? 
Ideally, everyone should get health insurance because medical bills are too expensive to cover out of pocket. It is worth noting that medical expenses are one of the leading causes of consumer debt and other related financial problems such as home foreclosures and bankruptcy. 

Which Plan Fits Your Needs? 
If you are planning on getting health insurance but feel uncertain about which coverage is the best for you, ask these questions to find out: 

How Is Your Health? 
Are you currently healthy? Do you visit your doctor regularly? Do you engage in any dangerous sports or activities? Like most insurance, your policy needs are based on the degree of risk. 

How Often Do You Visit Your Doctor? 
Did you often visit in the past and spent money on copays for visits, urgent care, lab work, and prescription drugs? You can add all of this up to understand and get an idea of your annual health care needs. 

What Other Options Do You Have? 
Check if you can get adequate health insurance through your employer, a health share ministry, or even through group insurance via membership in organizations like Costco. 

Conclusion 
Health insurance may seem expensive, and it can be tempting to go without one, especially if you rarely get sick. However, it could become very hard if you suddenly get ill or get into an accident because medical expenses can become large quickly. That is why it's vital for everyone always to have some form of health insurance. 

At Roper Insurance Services, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (828) 697-6709. You can also request a free quote by CLICKING HERE.