Why Do I Need Health Care Insurance in New York?
With such costly advances in medical care and treatments available, the price of healthcare also rises. Individual Health insurance plansNew York are meant to help cover certain costs. Providing financial security for both you and your family, health plans are safeguards in the event that someone encounters serious injury or illness which could be too expensive for the family to pay upfront.
While people do not intend on getting injured or becoming sick, there will come a time when they all will require some form of health care. Affordable health insurance policiesNew York provide financial assistance paying medical bills as well as providing other incentives.
- Individual health care plansNew York can provide assistance in areas vital to the upkeep of your health, treating illnesses, and handling accidents or injury.
- Health care insuranceNew York can shield you from surprisingly expensive medical costs associated with such treatments.
- With covered in-house or network health care plansNew York, you will pay less for medical care before you have even met your insurances deductible.
- You can take advantage of free preventative medical care, such as vaccines, screening tests, and even some checkups before meeting your health care insurance deductibleNew York.
- If using a locally funded health care coverageNew York or market place insurance planNew York, you don’t have to worry about the penalty fees such as those individuals not covered are subjected to.
Health Care Insurance Protects from High Medical Bills
With sudden injury or illness comes a need for emergency care and funds to cover such costs. With costs varying depending upon hospital care, services rendered, and potential follow up, individual health care plansNew York can provide relief. However, people who find themselves without health care insuranceNew York during such times are more likely to see themselves in debt with medical bills or eve fall victim to bankruptcy.
Until you have received your first Medical Bill, it can be easy to overlook how much good care will cost you. While some illnesses can be avoided with proper preventative care, yet long term and even life threatening illnesses can cost several thousands of dollars to maintain or treat. Meanwhile, sudden injuries can result in high costs for the care provided, for example:
- Repairing a Broken Leg could cost as much as $7,500.
- Your average 3-day hospital stay can cost up to $30,000
- All-inclusive Cancer Treatment and Facility care can often costs hundreds of thousands of dollars depending upon provider and severity of each individual case.
These are a just a few of the unexpected costs that come with sudden injury and long term illnesses that a good Health Care plan can provide assistance with.
Protection Provided by Market Place Insurance Policies
By seeking a reputable Healthcare Insurance companyNew York, you can take advantage of affordable Health insurance ratesNew Yorkwith plans that can protect you from expensive Medical Bills in three ways:
1. Cost Reduction after Meeting Deductibles
Yourhealthcare insuranceNew Yorkwill kick in to cover the remaining costs when you have met your covered services limit within the plans deductible. Covering between 60% and 90%, Market Place Health Care Insurance will cover a large portion of your remaining healthcare expenses.
Let’s say your plan has a $1,000 deductible. You are required to pay the first $1,000 in covered services; next, your health care insurance plan pay 60%-90% of acquired expenses, leaving you to pay the remaining 10%-40% as a co-signer or insurer. This is also dependent upon the insurance provider.
2. Out-Of-Pocket Maximum
Referring to the total costs you would have to cover no matter how much medical care or facility treatment you received within your Health insurance planNew Yorkthroughout the year.
For example, your current plan has a $3,000 Out-Of-Pocket Maximum. Once you have met the $3,000 maximum limit by way of co-payments and coinsurance, your health care plan will pay for the rest of your covered care within that year. This option is best for those extremely high medical costs, potential costs of rehab therapy, and facility treatments.
3. No Lifetime or Yearly Limitations
Health PlansNew Yorkare not able to place a specific dollar amount on the covered care or costs of medical treatments within each year or put a cap on your lifetime coverage as used for essential health care and medical benefits.
It is important to seek Individual Health care plans from a reputable insurance provider early on to avoid unexpected hospital bills, to ensure that you don’t fall victim to debt, or be subjected to penalty fees due to lack of insurance plans.