3 Biggest Misconceptions About Health Insurance

Health Insurance is a practical necessity for everyone. It gives you protection against expensive medical and hospitalization bills. It can also provide you peace of mind knowing that you won't get financially drained if you get sick.
​
Even though a health insurance benefit is essential to have the best medical care, there are still misconceptions about it that hinder people from seeing its value. Here is the list of the three biggest misconceptions about health insurance and why you should not be confused about it.

1. Not Getting Health Insurance Because You are Healthy
   It is easy to believe that health insurance is not a priority for healthy people. However, this is a dangerous idea because you will have difficulty availing it when you get sick. Aside from losing the opportunity of getting proper medical treatment, you will also be financially burdened with the high medical costs for your hospitalization and medication.
   
   While you are still healthy, seize the opportunity to apply for health insurance. This will provide you peace of mind and avoid burdening your family with medical expenses. Most plans today have benefits beyond the standard coverages. Many plans offer discount programs and preventive services to detect the early stages of illnesses.
   
   
2. You Only Need To Pay Your Monthly Premium for Insurance Costs
   Your monthly premium is your payment to the health insurance coverages you enjoy and membership for the health plan. The doctor's care and services may be paid for by you and not by your health insurance provider. 
   
   The doctor will send your health insurance provider a claim request, and it is processed. You will then receive an Explanation of Benefits (EOB) which will explain what was billed and what you are responsible for paying for. You can refer to your EOB to ensure that you are billed the right amount.
   
   
3. You Can't Afford a Health Insurance Plan
   While it may be true that you can't afford a health insurance plan if you are on a tight budget, it is important to know that there are options available for you that will help you avail of a plan. You can try to search if you qualify for a subsidy or cost-sharing reduction, or you may check the government marketplace. Many states have health insurance programs that aid your medical costs without payment from you.

Conclusion
Having an insurance plan may be confusing, especially if there are misconceptions. It is important to learn your coverages and how your plan works to avoid the pitfalls of believing these misbeliefs. If you have clarifications, you can always seek the help of your health insurance provider.

At Insurance Plans of America, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (877) 752-6711. You can also request a free quote by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!