6 Things You Didn’t Know About Health Insurance
Tuesday, August 15, 2017, 6:00 AM | Leave Comment
Health is wealth.
Most of us do everything that we can to protect our health. We value it so much that we follow what most people do to be on top of their health – go on a healthy diet, exercise religiously and manage their stress and anxiety level.
Because taking care of your health can be pricey sometimes – with all the necessary checkups, vitamins, medicines, etc., majority of the population has health care insurance. This health insurance will cover for a vast range of preventive care and screening.
Before choosing which health care to sign up for, it is important that you research first which company offers the best deal with the most affordable price. These things below are some of the most common truth about health insurance that you may not know about.
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Big is Not Always Better
We always have this notion that more expensive things have better quality. When it comes to clothes, cars, housewares, gadgets, and the like, we’re willing to pay few more extra dollars knowing that the cost of the product is highly correlated to its quality.
This principle does not apply to health care though. According to a study from the New York State Health Foundations, the price that you pay from hospital has very little effect to the quality of care that you receive.
Since bigger health insurance companies have bigger hospitals on their accredited list, you may be paying more but would still get the same service if you were paying for less.
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Recent Research Strongly Suggests that Insurance Saves Lives
Imagine a 65 year old retired carpenter who acquired diabetes. Because he can’t afford proper medication and treatment for his condition, more complications were developed which lead to his demise. If he had enough resources to support his medication and get necessary treatment, he would still have been enjoying his retired life.
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Can health insurance save life?
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The answer is a resounding yes.
It gives you the assurance that you would have the needed care in times of sickness. Your insurance will cover everything, from diagnosis to treatment. Having an insurance coverage improved mortality rate as well as several health status measures.
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Health Insurance Can Help You Save at Tax Time
The Affordable Care Act or popularly known as the Obamacare requires all citizens of the United States and its legal residents and their dependents to have health insurance for the whole year. The Internal Revenue Service requires all taxpayers to provide information about their health insurance when filing for tax returns.
Having health insurance does not only save lives but it can also help you save a few bucks during tax time. Because of the Obamacare, those that don’t have health insurance will pay a tax fee.
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People with Health Insurance Report Better Mental and Physical Health
According a survey conducted by Rice University, it is reported that people who have health insurance have better health, no matter what their education, income, age and ethnic background are.
You won’t have to worry about getting sick anymore since you know that your health insurance will cover the treatment. With the access to the recent medical care and assistance, you can have the best treatment that you want.
Knowing that your health will always be in good hands, this gives you a positive outlook in life, hence improving your mental state.
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Not All Private Funds Have Agreement with your Preferred Hospital
You may be tempted to sign up for private funds to get all the best hospitals and facilities. This is a misconception though as some private funds may not have your preferred hospital on their provider’s list.
Since accessing treatment from your health fund’s accredited provider can save you tons of dollars, it is important to check various health care providers first before signing up.
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A Larger Fund Doesn’t Mean More Value
When it comes to mutual funds, size doesn’t really matter that much. There is no basis to support that larger fund has more value and is better that smaller fund.
Since our health really matters, let’s maximize the use of health care insurance. Get all the things that you need to know before choosing which health care provider suits your health needs.
Throw us a like at Facebook.com/doable.financeAuthor Bio
Ryan Varela is the CEO of Boost Health Insurance which provides customized and affordable health care plans for thousands of customers across the United States. Ryan has nearly a decade of experience in the health care industry and continues to serve the greater need to educate and deliver access to affordable options to those who need health care the most.
