posted on Wednesday, May 1, 2019 in
Medical care can be very expensive. Most people cannot pay for it all out of their own pockets. The idea behind insurance is that a group of people pays a fixed amount each month and the risk is spread out over the whole group. Each person is protected from high health care costs because the burden is shared by many. Each person pays his or her fixed amount whether they need medical care at that time or not.
Many people ask: Do I really need insurance? However, every day, healthy people break bones, get into accidents, find out they are ill, need surgery, therapy, or stitches. It is true that insurance can be very expensive, but not having it may cost much more.
There are many different ways to buy insurance, and the costs and coverage vary widely. Here are some ways you might get insurance:
- Employer Plans (your employer helps pay for your coverage)
- Individual policy (you buy the health insurance on your own)
- Short-term policy (like it sounds…short-term coverage to bridge a gap)
- Parent’s Plan (stay on your parent’s plan until age 26)
- CHIP (Children’s Health Insurance Program-hawk-i is Iowa’s plan)
- Medicaid (government-funded available to those who meet the guidelines)
- Coverage=Peace of Mind
- Parent Newsletter