Health insurance is vital to the longevity and wellbeing of all, not just those suffering from chronic or recurring conditions. However, with the many options out there and time constraints for signing up, it can be difficult to find a plan that includes all the necessary benefits within the window given by an employer or the state and federal marketplaces.
It may come as no surprise to read that the average premium coverage rose 5% which equaled a single coverage premium around $19,616 per person in 2018, while over 27 million people were left entirely without health insurance for that same yearly metric. No one wants to be responsible for a large co-pay. The differences in co-pay between the various plans available can be substantial, which can also mean that selecting the correct plan for an individual or family based on lifestyle and needs is critical.
The overwhelming decrease in affordable healthcare is quickly becoming an overwhelming statistic for most families in the United States. While current initiatives are in moderate proposal and implementation phases, will this be enough to adequately combat this increasing epidemic?
It’s not just about the money
The emotional challenges faced with paying for healthcare should not be overlooked or trivialized. For millions of Americans, there is a very real choice that needs to be made if an individual is sick, between living necessities or visiting their doctor’s office.
The harsh reality is that many times healthcare plans are far too expensive for the average income earning household and may not cover all of the requirements for everyone in a given family. For example, if someone uses brand-name medication, frequently requires emergency care or has a chronic condition, then it may be harder to find an affordable plan. This can cause increased stress and anxiety for anyone needing specialized care and without the means to meet their new, potentially higher co-pays.
There are some obvious ways in which the lack of proper insurance can affect individuals and families. They may be unable to take their required medication or may be forced to stop cold turkey if they are incapable of meeting the co-pay for their current plan. Chronic medical issues such as mental illness, diabetes and heart conditions, to name a few, can become dangerous if left untreated. Some people must choose between themselves and their loved ones when it comes to choosing an insurance plan for implementation. There is also a future increase in spending to consider while choosing your healthcare insurance. For example, it is expected that the cost of prescription medications will grow by over 6% every year for the next decade, a statistic worth discussing when comparing annual income increases in conjunction with the yearly rise in general living costs.
The medical upsurge continues
There has been a shocking increase in the cost of medical insurance over the last three decades. To be exact, the cost has risen by 101% since 1984. One scenario faced by too many parents is the choice between buying insulin for their diabetic child or affording their own personal prescription medication. However, there are resources available to assist in finding affordable options no matter what medical conditions a family may be facing, either long-term, short-term or unexpectedly. There are several ways to properly manage the cost of a healthcare plan while making sure that it includes all the individually required benefits.
Private sectors
Private medical insurance has been growing for years and is at an all-time high with over 70% of Americans choosing them during 2018. Health Choice One has affordable plan options for individuals and families which includes major and short-term medical coverage, dental, vision, critical illness and accident insurance alternatives. Health Choice One makes it a priority to provide the best solutions for healthcare problems by connecting people with resources so that their medical needs are met. When comparing the different types of plans, the benefits within those plans and additional information that will make it easier to find the right health insurance, Health Choice One gives detailed information about everything involved so that educated decisions can be made.
Individuals and families can set their minds at ease with the knowledge that Health Choice One will be able to give exact, easy to understand quotes and explanations for affordable healthcare opportunities available in their area. Humana, Aetna, and Anthem are just a few of the familiar healthcare insurance companies that Health Choice One can provide information about using their online form or by calling. We strive to provide only the very best in medical services and resources. Our friendly and informed agents are ready to provide a quote and assist in enrollment in the perfect healthcare coverage for any individual or family. Call today for more information.
Other Sources
https://www.ncsl.org/research/health/health-insurance-premiums.aspx
https://www.census.gov/library/publications/2019/demo/p60-267.html
https://www.cdc.gov/nchs/data/nhis/earlyrelease/insur201905.pdf