Why Buying Health insurance is So Important
Buying health insurance Did you know that the average hospital stay in this country costs almost $25,000? This makes buying health insurance as important as having a roof over your head. Health care costs have skyrocketed and without decent coverage you could find yourself struggling for years to pay down a bill incurred by only spending a few days in the hospital. Here are some tips for buying health insurance: 1. Decide whether or not you need an individual policy for yourself or a family policy. Several associations and organizations offer health insurance for members. Check your membership handbook to see if any organization you belong to does so. This could save you a lot of money. 2. If you already have insurance from your employer, premium payments for this are automatically deducted each pay period from your pay check. Alternatively, you may have a job package which offers free, or very low cost, insurance. If you are a full-time student your university may provide coverage, requiring you to pay for it when you pay your tuition fees. But, if you are self-employed you will need to buy health insurance. 3. Find out if you can legally obtain coverage through your previous employer during the period while you are unemployed. The Consolidated Omnibus Reconciliation Act of 1985, popularly known as COBRA, allows for coverage during periods of unemployment. Remember though that you are responsible for the full payment of your premium. If [...]