The Importance of Health Insurance

Health insurance is always at the back of one's mind, but when a health crisis happens and you are caught without health insurance the consequences can be devastating financially and emotionally. Your health is too important to leave to chance, that is why it is important to get the health coverage that you need before you have to use it.

With recent laws being passed on health reform, it is apparent that health care is important and should be accessible to everyone. An aging Iowa population also means that health insurance is important to take care of future needs.

Preventative care is another primary reason to have health insurance. It is easier to get medical attention when you have insurance than if you had to pay out of pocket for the total cost. In this way, you only pay a co-pay to receive the care that you need and thus, prevent any diseases or catch them before they get out of control.

The cost of medications is rising each year, and having health insurance coverage will offset the cost of having to pay full price for the medications that you need. You may be responsible for a small co-pay on your medications, but the benefit of having medicine when you need it is worth the small cost.

These are only a few of the benefits of having health care coverage. There are many reasons why you should consider getting the coverage you need today before a crisis happens. When you are searching for coverage compare rates and what they offer. Some only offer minimal coverage while others offer comprehensive coverage that includes benefits for all your medical needs.

With the recent changes to health care insurance legislations it is now clear that the majority of us tax paying citizens will be facing both tax increases as well as insurance premium rate increases. One may argue all day long about whether or not everyone is entitled to affordable health care, but you can not argue about the increase cost of this coverage.

Under the new legislation, everyone must be provided affordable health care. The current administration decided not to legislate the costs of services of the profit margin that a health care provider can charge. Instead they have mandated all insurance companies to provide health care insurance for everyone. Since there are going to be people who will incur health care costs and submit them to your insurance company to pay - the insurance companies will be forced to raise all of the rates.

Simply put is there will be more people taking money out of an insurance company / benefits pool than there are people putting money in. This is very reminiscent of what is happening with our social security system. With the every aging population there are more and more people every day that are taking money out of the system that did not contribute enough as well as fewer individuals contributing to the system.

Regardless of your political persuasions on this topic if you look at this from a purely business prospective you will see that this is not a long term solution for providing health care to all individuals equally.

Steven Wegors covers the Iowa Health insurance ( industry

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