What Does Health Insurance Cost? Find Affordable Coverage

best insurance quotes

Health Insurance Cost

This article will focus on the costs and benefits of having an insurance policy for yourself or your family. There is a common misconception that health insurance is not worth the monthly costs. While insurance rates have risen over the last ten years, the benefit of having health insurance is far higher. According to recent research, the average monthly rate for individual coverage can range from $200 to $500. Family policies can range from $800 and higher. This may seem like a large amount of money but compared to what a surgery, a ride in a ambulance or a trip to the ER would cost, this monthly fee is minimal.

Deductibles

People are often curious about the terms of an insurance policy’s deductible. A low deductible plan will only make you pay for services up to a lower cost. If your deductible is $500, then you will pay your medical bills up to that amount. A high deductible plan means that you would pay more out of pocket before reaching a point where the insurance pays for the majority of the health care provided. Both of these types of plans allow for the money you pay out of pocket to go towards your deductible. If you do not have health insurance, then any money that you pay out of pocket before getting a plan will not go towards your deductible.

The Costs

Here is an idea of what common medical procedures or medical visits would cost without health insurance coverage. From several studies it has been reported that the average x-ray could cost $200-$400. With insurance coverage, the cost is usually minimal or non-existent. This is the same cost as other medical services like a cat-scan. A common procedure of having tonsils removed can cost anywhere from $3,500-$8,000. For example, the average insurance plan, with a low deductible, will typically cover about 85% of the procedure. A high deductible plan could leave you paying more out of pocket for surgery. As you can see, there is no comparison between the monthly cost and out of pocket costs without health insurance.

Accidents and the Effect on Health Insurance Cost

Accidents happen all the time and health insurance is there to ensure that families are able to pay for necessary procedures and doctors visits. There is enough to worry about when health is on the line. Unfortunately, a lot of people wait to receive proper healthcare because they do not have enough money. Then, they end up paying more on expensive procedures and even regular doctors visits. Just think about the common accidents that occur in everyday life for families. These include broken arms, flu shots, physicals for school and sports, ER visits, prescriptions, or staying overnight at the hospital.

The Takeaways

In conclusion, the above costs are much more manageable with health insurance coverage. Overall, make sure you focus on your plan’s coverage for the most common needed medical care services for you or your family. Any chronic illnesses or long term care should be considered when choosing your plan. In the end, this will guarantee that your deductible is reached and you are paying the minimum amount for your care.

Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

3 Comments

  1. Edwardo on May 2, 2019 at 3:11 am

    This is a really good tip especially to those new to the
    blogosphere. Short but very precise information… Thanks for sharing
    this one. A must read post!

  2. Samual Moskowitz on September 12, 2019 at 5:02 pm

    You need to be a part of a contest for one of the best blogs on the web. I will recommend this blog!

  3. Anke on January 27, 2020 at 5:26 pm

    Asking questions are in fact fastidious thing if you are not understanding
    something completely, but this post presents nice understanding yet.

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECENT POSTS

Car Insurance, Commuting, and Coronavirus: Companies Offer Relief in Uncertain Times

May 25, 2020

Car Insurance is essential for anyone who drives. And the word “essential” has taken on a whole new meaning these days. Our daily lives have changed drastically amid coronavirus and…

Read More

Coronavirus Pandemic Reminds Us of Importance of Life Insurance

May 4, 2020

As of the beginning of May 2020, coronavirus is responsible for almost a quarter of a million deaths worldwide. The coronavirus pandemic has reminded us of all of what is…

Read More

The Healthcare Industry, Health Insurance, and Coronavirus

March 30, 2020

According to CNN, as of March 22, the number of deaths from coronavirus in the United States has risen to 377. As a result, governors in 5 states have issued…

Read More

Kobe Bryant’s Tragic Loss Reminds Us of the Fragility of Life

January 27, 2020

Kobe Bryant’s passing is a terrible tragedy. It’s easy to forget how fragile life is. Unfortunately, we can get caught up in the hustle and bustle. It is not uncommon…

Read More

Save Money on Motorcycle Insurance in Quarantine

May 30, 2020

You used to be out roaming the open road. Now your motorcycle is in the garage while you practice social distancing. Over the past few months, the nation has changed…

Read More

Seinfeld Teaches the Value of Home Insurance; Don’t Be like Jerry

May 22, 2020

Lessons are all around us. Some we accept openly with grace. Others we have to learn the hard way. Home insurance is one of those things that you definitely want…

Read More

Health Insurance Resources: Telehealth and Mental Health During COVID-19 Pandemic

May 20, 2020

COVID-19 has changed the way that we live our normal day to day lives. We are wearing face masks when we go out in public for essential needs only. Gone…

Read More

Navigating the Road of Car Insurance, COVID-19, and Policy Relief

May 11, 2020

Car insurance provides uncertainty in these uncertain times. Given the fact that so much is up in the air, it’s nice to have the solid protection on the road. Even…

Read More