For every year in recent memory, if you didn’t have health insurance, then you were breaking the law. The individual mandate penalty was a part of the affordable health care act that was designed to incentivize health insurance. Without insurance, you would be subject to a significant fine when filing your income taxes. For most people in 2017 and 2018, the penalty was more expensive than simply buying insurance, and because of this, there were record numbers of individuals and families who were covered by both federally backed and private insurance plans.
In 2019, the Affordable Care Act remains in effect, but the individual mandate penalty has been eliminated. Next year will be the first year in recent memory that you could not have health insurance and receive absolutely no tax penalty for it.
Of course, this doesn’t necessarily mean that it is smart to forego buying a health plan for 2019. There are significant advantages that come from having a health insurance plan, with better health care options being one of the most important.
How Does Health Insurance Give You Access to Better Healthcare Options?
If you rarely get sick and if you have not used your insurance in the last two years, then you might be wondering why you should even bother buying a plan for 2019. You might think that ignoring health insurance will save you money, especially considering that you will no longer be required to pay a tax penalty.
This is a dangerous line of thinking, as it leaves you with no options should you need emergency care or any type of care for an illness or disease that you develop. Health insurance is a safety net that ensures you have the right healthcare options when the unexpected happens.
Medical bills are a leading cause of bankruptcy in the United States. This is one of the reasons why the ACA had the individual mandate penalty in the first place. By incentivizing the purchase of insurance, people would be at less risk of receiving crippling medical bills. Although many were unhappy the government essentially forced the nation to buy insurance, the fact is that many people came out better off.
What Would Happen Without Healthcare Options?
Imagine a situation where you are involved in an accident and require immediate medical care. Following the initial care, you may require an extended hospitalization period or rehabilitative treatments. You would likely require medications and follow-up visits with consultants and specialists. Without health insurance, this type of medical emergency could put you into tens or hundreds of thousands of dollars of debt. Unless you are a very wealthy individual, this would no doubt be utterly catastrophic for your finances.
Now compare that situation to one where you do have health insurance. Your emergency care would be covered, as would most of your hospitalization and any necessary treatments. Medications can be covered by insurance, and so can follow-up consultations. Even if your health insurance wouldn’t cover the entire cost of the treatments and consultations that were needed, the financial impact on you would be significantly less than if you didn’t have insurance.
Quite simply, your health insurance would protect you from the unexpected and ensure that you have options in any event. Whether it’s a vehicle accident or any other medical emergency; health insurance will give you peace of mind.
While you may assume that it is more affordable to just forego the purchase of a health plan, the reality is that any type of medical emergency, even a relatively minor one, would still be more expensive than the money you save from not having insurance.
A Health Insurance Plan Could Give You Alternate Healthcare Options
Emergency and primary care are not the only reasons why you should purchase a health insurance plan for 2019. A flexible plan could mean that you have healthcare options from different facilities and physicians. An HMO, for example, is rigid and would require you to visit facilities and practitioners from within a single network. However, you could choose something like Multiplan insurance to give you more health care options from a large network of different practitioners and facilities.
Some premium healthcare plans will give you even more flexibility, allowing you to choose any doctor that you like, and you would be able to get specialist consultations and procedures without the need for referrals.
These are the kinds of healthcare options that make insurance so worthwhile, and there’s really no reason why you shouldn’t enroll for an affordable health insurance plan at the end of this year.
How Can You Find the Best Insurance with the most Extensive Healthcare Options?
The only way to ensure that you are getting the best plan is to compare the offers that are out there. There is no single plan for everyone, as different types of insurance coverage are suited to people in different scenarios. There are some things that you will need to keep in mind as you choose, such as:
- How much you can spend on insurance.
- Whether you need out of network care or if you are happy to remain within a single provider network.
- How many people you are buying insurance for.
- Any pre-existing medical conditions you have.
- Your recent medical history.
With Mutual Health Partners, you will be able to compare the very best health insurance plans available today. With the assistance of our licensed insurance agents, you could buy healthcare options for 2019 that protect you from financial hardship.
Whether you need simple coverage and are in good health, or if you want to buy specialized coverage for long-term care or any other reason, then being able to compare options from the best insurers will enable you to make the right decision.
Talk to the experts today and be ready for your healthcare needs in 2019.