Whenever you hit a big milestone in life, like beginning a new job, getting married or starting a family, there are a lot of unknowns and new experiences. But one thing is a given: Making sure you have health insurance during times of transition is key to taking care of your future. Many 20-somethings who are the picture of good health may not see the benefits of paying for a health plan. But if you take that gamble, a medical emergency could turn into a huge financial burden and even bankruptcy. These accidents can be big or small such as an issue like appendicitis or kidney stones, which arise without warning and can require expensive treatments. Without health coverage, you are responsible to pay all of the costs. And if you can’t pay the bill and it winds up in collections, your credit report will take a hit, impacting your ability to get a mortgage or buy a car.
If you aren’t currently covered, now is the time to shop around and find a plan that fits your needs and budget. An important note to remember is that if you don’t sign up for coverage before the January 31, 2016 deadline, you could face a penalty. But don’t worry, you don’t have to go through the process alone. Talking to a health plan advisor can help you make an informed decision about what plan is right for your needs and budget. If you’re worried about the cost, you might consider a policy that has a lower monthly fee and a high deductible or even just catastrophic coverage for emergencies. Medical emergencies can set you back financially and put future plans on hold. That’s why having the right health insurance is so important. Health care doesn’t just protect yourself, but also your loved ones, your assets and future. Learn more about health insurance coverage by calling a health plan advisor at 888-899-4931 or visiting www.bcbsm.com/myblue. And learn more about open enrollment with these other blogs:
- Talking to Family and Friends About Health Insurance
- Insure the Whole You
- 24/7 Care and Wellness Programs Keep You Healthy Around the Clock
Photo credit: Bill Selak