Thinking about just throwing your hands in the air, paying whatever penalty is going to be levied at the end of the year, and skipping health insurance altogether? It might be wise to think again. No matter what you think of the Affordable Care Act or the health insurance industry, forgoing all health insurance coverage is a gamble.
1. MISSING OUT ON PREVENTIVE CARE CAN LEAD TO BIGGER HEALTH PROBLEMS.
The Kaiser Family Foundation reports that for those without health insurance, it can be tempting to skip routine preventive office visits. These important visits may head off health problems before they become major issues. Missing preventive or follow-up care due to the high out-of-pocket costs that come with no insurance can result in a downward spiral that costs both money and wellness in the long run.
2. MAJOR ILLNESSES CAN LEAVE YOU WITH MAJOR LONG-TERM DEBT.
It'll never happen to me.
When you're healthy, it's easy to pass off major health risks as just something that other people have to deal with. The truth is, it could happen to you – and major illnesses or unexpected hospitalizations for something as common as appendicitis could cost tens of thousands of dollars1 in just a few days, racking up debt that will take years to pay off.
3. YOU WON'T NECESSARILY BE ABLE TO GET THE HEALTH CARE YOU NEED.
It's easy to assume that if a major medical condition does come up, you won't be denied treatment. Unfortunately, the truth is that if you don't have health insurance and you're not able to pay in full, you may be denied follow-up care. You may find that even though you were treated and stabilized at an ER, follow-up care is needed. In case of a major health problem, you could be out of luck, putting your health at even greater risk.
Making the investment in health insurance now might be the smartest financial decision you can make. This is true even if you have to rearrange your budget to make the monthly premiums affordable. Browse our health insurance plans – you may just be surprised at how affordable getting coverage in Wisconsin can be. To ask questions about your eligibility for subsidies, please contact us. We'd love to talk to you about your options to get you covered with a policy that fits your budget.