• Health Care Reform

    Can You Afford Not to Have Health Insurance?



    March 12, 2014

    loading shares     1 Comment

    As most people know, the Affordable Care Act requires everyone to have some form of health coverage. With all of our existing household expenses, adding another monthly payment can seem daunting, leaving many people to wonder how they will afford health insurance.

    The clock is ticking to purchase insurance for this year too. If you miss the March 31 deadline, you have to wait until November 2014 to enroll in coverage effective January 2015. That would leave you uninsured for nine months.

    What would happen if you break an arm during that time? You could see a bill of $16,000 or more. Need your appendix removed? That will cost anywhere from $10,000 – $35,000. If you get pregnant, you’re looking at an average of $30,000 for vaginal delivery and $50,000 for a C-section.

    Looking at these numbers, do your questions shift? Are you now asking how could you afford not to have health insurance?

    To help lower- and middle-income people pay their premiums, the ACA established subsidies. To check if you’re eligible for financial assistance, text “4Subsidy” to 222-752 or visit bcbsm.com/subsidy.

    IBU infographic

    (Visited 3 times, 1 visits today)

    Tagged With ,.


    One Comment to Can You Afford Not to Have Health Insurance?

    1. Pingback: Did you just turn 26? Read this to make sure you’re covered | MIBluesPerspectives

    Leave a Reply

    Your email address will not be published. Required fields are marked *

  • Top News


    Signs of Skin Cancer That May Surprise You

    loading shares      No Comments