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Top 3 Reasons You Need Health Insurance

by | Oct 24, 2022 | Articles, Health Insurance | 0 comments

“Noor, you keep saying health insurance is important – but why?”

This is a topic I could go on and on about, being so passionate about helping others mitigate their medical expenses and, of course, stay in the best of health.

But for now, I’ll share with you three reasons why you need to have health insurance.

Reason #1 – You Simply Never Know

Here’s my story. 

I was struggling with endometriosis my whole life and it impacted my fertility when I was trying to conceive. After six years of marriage, surgical procedures and hormone replacement, we decided that after I got back from my research trip in Australia, we were going to try IVF. 

After two weeks of vacationing in Sydney and Bali, my husband was helping me settle into my dorm and my living arrangement and he was going to fly back home. 

We discovered the day before he flew back home that I was pregnant!!

So after six years, I was finally pregnant. But there I was, isolated from my family very far from home, and in a foreign land all by myself.

Thankfully, I had traveler’s insurance. 

Now even though there was no way I could have predicted this miraculous pregnancy, if I didn’t have some type of insurance in place, I would have really struggled without coverage for all my well-mama visits, my first trimester testing and, of course, all of the things that are involved into making sure that you’re having a happy and healthy pregnancy. 

I have always been a believer in insurance and after this incident, you can’t catch a day without me having some type of health insurance coverage. 

Reason #2 – Avoid Medical Bankruptcy

Is this a thing? Yes, it is a thing!

Did you know that 61% of debt in America is medical in nature according to the Kaiser Family Foundation? 

This means medical bills and expenses catch American households so off guard that there’s no savings or any type of contingency plan to pay those unexpected medical bills. Unpaid bills eventually go to collections, and families end up having to file for bankruptcy because of the inability to pay off those bills. 

The best way to prevent this is really to know and understand your coverage. 

Health insurance should not just be about picking the lowest premium plan. It should be about finding a balance between the premium and deductible. And of course, the deductible has to be affordable to you according to your financial situation. Also, having a max out-of-pocket that you have reasonable savings for is going to be the best way to manage and utilize your plan. 

Most importantly, you can avoid medical bankruptcy by setting aside funds for that worst case scenario, max out-of-pocket situation. There are a lot of financial vehicles that can help you make the most of the funds that you set aside specifically for medical expenses. 

Reason #3 – The US healthcare system is designed for a traditional health plan

What does this mean to you?

As a certified Global Health Practitioner, I have studied healthcare systems at a scientific level. As our economy and social context change, our healthcare system still has yet to catch up. 

This means in order to have a quality healthcare system you still need to have a traditional healthcare plan that has a max out-of-pocket and coverage for catastrophic and emergency situations. 

Now, situations change all the time and I’m here to help with that to help you strategize as your situation evolves as well as to leverage your situation for wherever you are, whatever situation you are in your business to make the most of your health care decision. 

Subscribe to my YouTube channel to be notified when I have a new video where I’m going to be talking about health insurance tips, tricks and insights. 

I offer 15-minute consultations for any health insurance problem that you have. If you think you’ve got a tough situation, make sure you book a call with me. I can solve it in 15 minutes.

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