5 Great Benefits of Having Health Insurance

Trillions of dollars are spent on health care costs in America every year, with an average stay in the hospital costing anywhere from $9,000 to $13,000 per stay.

The exorbitant costs of healthcare can lead to financial and emotional overwhelm. One way to protect yourself from unnecessarily high costs is to have a solid health insurance plan. In this article, we’ll go over 5 of the benefits of having health insurance. Starting with…

1. Cost Savings

Health insurance plans today offer a wide variety of coverages and benefits. One of the top benefits of health insurance you can expect is the provided cost savings.

Having a health insurance plan protects you financially from having to pay exorbitant out-of-pocket costs as health insurance plans offer a variety of out-of-pocket maximums. In addition, many plans offer covered expenses upon reaching a fulfilled deductible.

2. Free Care

In addition to the cost savings, one of the major health insurance benefits provided to you are free preventative care services. This includes services such as vaccines, screenings, and some medications. These are all provided free of cost with a qualifying health plan.

These services are provided at no cost to the consumer regardless of if the yearly deductible has been met.

3. Counseling or Therapy

Certain individual health insurance plans offer coverage for behavioral health services. This includes anything from mental health counseling, psychotherapy, and substance use disorder services.

In addition, many health care plans offer recovery help via occupational therapy. This is helpful for those with injuries, disabilities, or chronic conditions. Coverage can include anything from visits to the therapist to needed medical equipment.

4. Covered Prescriptions

Having a health insurance plan means your everyday prescriptions are generally covered as well. For those who need life-saving medications, having a health insurance plan that provides prescription coverage can help ease the monthly financial burden of prescription medication.

In general, if you do pay some out-of-pocket amount for a prescription, that amount will count toward your annual deductible. Thus furthering your cost-savings.

5. Provides Peace of Mind

Certainly, the most apparent benefit of enrolling in health insurance is the peace of mind it can bring. Knowing you’re covered for essential services such as emergency room visits, pediatric services, and more, can make all the difference.

Regardless of your current health status, accidents happen. Having full coverage with a health insurance agency will bring peace of mind. This will allow you to live your life without the stress of potential injury, sickness, or financial burden.

Benefits of Having Health Insurance

The benefits of having health insurance outweigh the potential risks that come with being uninsured. Unexpected medical expenses and sickness can lead to major health and financial disadvantages. By staying covered, you’re looking out for your long-term physical and financial health.

If you found any of the above information helpful, be sure to check out any of the additional articles we offer in our Lifestyle section. Browse away for additional ways to enrich your daily health and wellness.