If you are new to America or you are new to the workforce you may be wondering why exactly you need health insurance. Many countries offer a national health-care system, so some of you may be questioning why health insurance is important.
In a nutshell health insurance is exactly what the name suggests, it is insurance for your health. Depending on your employer and your insurance plan you will pay a monthly premium for insurance that will cover your doctor, hospital and prescription drug costs.
These premiums can range greatly by plan, your age, your overall health and how many people in your family you want to cover. Usually there is also a mandatory co-pay that you are responsible for each time your visit the doctor or purchase a prescription drug. The co-pay can be anywhere from $5 to $25 and even $50 in some cases.
However, while these prices may seem a little steep, the alternative is to go without health coverage. This decision can result in thousands of dollars in medical bill if you were to get sick or injured.
Health insurance is essential for anyone living in the US that is not cover by another plan. Not only can it save you thousands of dollars but will also offer your family peace of mind.
