Effects of Not Having Health Insurance

Currently, an estimated 28 million Americans are going without health insurance. With around 10 percent of the country going uninsured, they are vulnerable to the financial hazards medical services incur. Many of the people going uninsured cite the high costs as to why they still don’t have coverage. This is understandable since at least 50 percent of the uninsured are making less than 200 percent of the federal poverty level (FPL), which is currently around 24,000 dollars a year.

The Federal Poverty Level was first established by President Lyndon B. Johnson. It was created to decide who qualified for governmental assistance. Today, it helps determine who can qualify for subsidies for your health insurance premiums. 100 percent of the FPL is estimated to be around 12,000 dollars. 

When so many people are barely scraping by it’s understandable why they think health insurance isn’t of value to them. Luckily, there are health insurance companies with the goal of insuring you with quality care at an affordable rate. Insurance Line One has a low rate of five dollars a day to help justify this service. After all, going uninsured has a multitude risks compared to those who actually have this service.

The Dangers of Going Uninsured

The belief you can go uninsured is based on the idea you won’t ever get hurt or sick, but we don’t live in this world. People make mistakes and can be careless, resulting in your trauma. When you do finally get sick you have to find a place willing to take you at an affordable rate, but most facilities won’t even provide you with reasonable prices. The average cost to see a doctor ranges between 100 dollars and 300 dollars.

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Excluding any extra tests and medication you may need, will make this seem inexpensive, but it’s unlikely for this to occur. However, this is in the hope you actually see a doctor while you are uninsured. An estimated 23 percent of the uninsured will delay a visit to a physician because they just can’t afford it. When you start pushing off your conditions it can worsen into something much more sinister.

Looking at the number one killer in the nation, heart disease, you will see why it’s important to tackle these signs before it evolves. Heart disease can come in various forms as well; chest pain, high blood pressure, arrhythmia and even a heart attack. While the number of people who have succumbed to this illness has decreased over the years, the price hasn’t. As a matter of fact, catching it in time can result in you only spending a low-end estimate of 30,000 dollars.

However, were you to push off your symptoms until a later date, then it can result in the price shooting up to 200,000 dollars. Considering 50 percent of the uninsured make less than 24,000 dollars, this will be nearly impossible for many to pay off. An estimated 63 percent are worried about paying for normal care prices, while another 76 percent are worried about paying for charges when they are sick. You might even be one of these people, but you don’t need to worry about it when you have health insurance. Furthermore, going uninsured won’t result in you saving money in the end, you’ll actually need to pay for this risky behavior.

The Cost of Not Having Health Insurance

Health insurance has become such an important concept in our lives, but there was still a large amount of people choosing to ignore its benefits. Many people were then forced to declare bankruptcy because when they needed care the price was too much for them to fulfill. To fix this problem the government passed the Affordable Care Act, which implemented its policies in 2010.

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One of the policies it placed truly helped many families justify health insurance. Families with more than three children had to struggle to insure all of their children. However, since the bill was passed it allowed families to insure all of them easily. Families with more than children can cover all of their kids for just the price of three, as long as they are under the age of 20.

For instance, John and Jane Doe have a total of four children, but their oldest is 22 years old. This means, John and Jane Doe have to pay for themselves, their 22 year old, and their three youngest. Although, Juan and Juanita Doe have four children, too, but all of them are under the age of 20. Juan and Juanita will only have to pay for themselves, and their three oldest, while the fourth is added at no additional charge.

Despite this helpful policy, it also enacted a penalty for those continuing to ignore this service. The government will offer you two options, but they’ll pick the one causing you to pay the most. Either, 2.5 percent of last year’s annual salary or 695 dollars per person who is not insured in your family. With the inclusion of this penalty, you’ll then have to pay for the costs of care and then whatever the penalty comes out too. Going uninsured may seem like you save money, but it’s just risking your financial and physical security.

Who Has the Best Health Insurance Package?

When it comes to finding a health care provider, there is many options to choose from. The marketplace is inundated with various policies, but each one has hidden obstacles to prevent themselves from helping you as much. With such a variety they can cause this resentment for the service, hoping only the wealthiest acquire this. Insurance Line One Is on the road to change this practice. Providing you with services starting as low as 50 dollars a month is the first step toward this goal.

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However, we’ve also meticulously arranged our available services into a format avoiding confusion from occurring. This decision is going to affect how much you pay and who you see, it’s vital you understand what is being presented. To enhance your experience you’ll be able to take as long as you want making a decision through our year-round open enrollment. Don’t risk your physical and financial well-being just to save a couple bucks.

Sources:

https://www.kff.org/uninsured/fact-sheet/key-facts-about-the-uninsured-population/

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