Common Health Insurance Misconceptions
As with any insurance product, health insurance should be researched thoroughly to ensure you have the best coverage for your needs. Your Bay Area insurance agent can answer any questions you have but here’s a brief outline of some of the more common health insurance misconceptions.
All employers provide health insurance: Not always true – many employees do provide health plans but it’s not always the case. When you are considering a job offer, always ask if health insurance is part of your employee package.
Health insurance is cheaper through an employee group plan: Yes and no. Every insurance product varies according to what is actually covered. Read any policy – including employee plans – thoroughly and compare prices between insurance companies to be sure.
The cost of insurance is related to company profit: Insurance is expensive because health care is expensive. Premiums do not go up at a whim, but are determined by various factors related to your degree of ‘risk’. In some circumstances it is possible to make changes in your lifestyle to reduce premiums.
Health insurance is unnecessary for the young: While there is less likelihood of a major illness when you are young and healthy, illness and accidents can occur at any age. Without health insurance, even a short stay in hospital can leave you with a bill in the thousands, if not tens of thousands.
It’s important to know your facts when it comes to health insurance. Always do your research and speak to a professional when you need assistance. Our Bay Area insurance agent is just a phone call away.