Do I Need Health Insurance? 6 Reasons to Buy Today

 do i need health insurance

The health insurance tax penalty won’t exist for 2019, which means you will no longer be fined if you don’t have a health plan. With the penalty gone, should you still buy health insurance? We think yes… and we have six good reasons to prove it.

1. Unexpected Accidents and Illnesses Get Expensive

Did you know that medical bills are the leading cause of bankruptcy in the U.S.? In fact, an estimated 20 percent of people without insurance will have health bills that exceed $13,000 next year. Hospital and doctor visits get expensive fast without insurance. That even goes for little injuries that happen unexpectedly; slamming your finger in the car door or dislocating your shoulder can cost anywhere from $2,000 to $6,000!

The best way to prevent big medical bills is to invest in a health insurance plan. Even a less expensive option with basic coverage caps your spending and protects you from bankruptcy.

2. All Plans Come with Free Preventive Care

As long as you buy a qualified health plan (i.e. it’s not a short-term or alternative health plan), you get access to free preventive care. These services include tests and screenings, as well as annual checkups, that help you stay healthy and identify conditions early when chances for a cure are better. The best part? Preventive care is 100 percent covered by your health plan, which means you won’t have to pay a thing!

3. It’s Easier to Get Follow-up Care

You know emergency medical care at an E.R. or urgent care is expensive without insurance. But what happens after your emergency? Paying out-of-pocket for follow-up care, like physical therapy or stitches removal, is also incredibly expensive. If you decide to opt-out of these services to save money, you risk delaying (or preventing) a full recovery. Either way, you’ll be dealing with your injury for much longer than you anticipated, which can be extra pricey without insurance!

4. You Can Include Your Family on Your Plan

Have children? Add them as dependents on your health plan! Children with health coverage are less likely to miss school, which means you’ll miss fewer days of work. That’s because they’ll be more likely to get the necessary immunizations and check-ups that ensure they are developing correctly and protected from dangerous diseases. Without insurance, proper pediatric care can literally cost thousands of dollars. With insurance, most of these services are completely free, making it worth the cost of your monthly premium alone!

Insider tip → All qualified health plans include dental coverage for children, too!

5. You May Have More Plans to Choose from This Year

Didn’t like your plan options last year? Take a few minutes to shop around. Many insurers are expanding their coverage to include new states like:

In other states, like Kentucky and Colorado, insurers now cover more zip codes. With more insurance companies and plans to choose from, you may find something you like!

6. There’s a Good Chance Your Plan Won’t Be Very Expensive

Almost half of the U.S. population qualifies for health insurance subsidies, which help cover the cost of your plan. In fact, most Stride customers qualify for $4,600 a year in health insurance savings! You’ll be eligible for a subsidy if you make between 100 and 400 percent of the Federal Poverty Line; that’s generally up to $50,000 for an individual, or $100,000 for a family of four. Follow our guide to accurately estimate your income for maximum savings.

Ready to Shop Around?

Search all your available options at the best prices right here on Stride. Plus, check to see if you qualify for a subsidy or talk one-on-one with a licensed specialist. We’ll help you find your most affordable option for next year!

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