brownpanda688 | Code Red Texas

10Nov 2018 by brownpanda688

What Happens If I Don’t Have Health Insurance?

There are reasons for people to believe that health insurance can be a very expensive ordeal. People also take their youth and good health for granted and hence, avoid ever investing in a health insurance plan since not having one can help save one a considerable sum of money. But the recent Affordable Care Act has mandated everyone to have health insurance and also make it more accessible to everyone, especially for ones who are finding it hard to afford a plan. Failing to get one can also force you to pay a penalty which would increase every year. The penalties imposed on you will be highlighted when you have to file your taxes and this fine, last year, was 2.5% of the income grossed by the household. This percentage…

Everything you need to know about health insurance

insurance

Choosing a health insurance plan and investing in it can be one of the most critical investments one can make as it covers a plethora of health mishaps and problems that could, without insurance, cost you a lot of money. Apart from regular consultations, health insurance can also help you cover surgeries as well. Even though many of the advantages that a health insurance offers are known to the public, there are Americans that do not have any form of health insurance. Adults that have to pay nearly a third of the expenses from their pocket were greater than 45 million. By doing so most of them had to file for bankruptcy since they couldn't cope up with the medical bills they were handed. When it comes to health insurance…

Here’s why health insurance is different from other insurance

health insurance

An insurance cover is something we all need to have – to keep our homes, our assets and our future secure. Most of the times, we go in for all-comprehensive insurance policies – which act as protecting agents for our assets. But what about the policies which secure our lives, our health? Yes, you're right, I'm talking about health insurance. Why is it advisable and ideal to have separate health insurance? And what is it that sets apart health insurance from other types of insurances? Let's have a look: When it comes to other insurance policies for movable and immovable assets, the three main aspects that are considered are - Wealth, which is the property itself Probability of loss Quantification of this loss Now, for example, motor car insurance, in…