The number of uninsured nonelderly Americans in 2014 was 32 million.*
Since the inauguration of the Affordable Healthcare Act, citizens are required to have some form of health care to protect them in case of an illness or injury. Health insurance may be available through state governments, employers, or private providers. Health insurance plans vary depending on what’s covered and how much the insurance provider will pay for an event and how much the policyholder will pay.
Most policies include aspects like deductibles, co-insurance, co-payments and premiums. There are a variety of plans depending on your budget and coverage needs. Health insurance providers take into account age and health history of an applicant when deciding on the cost of their health insurance.
Important as it is, Medicare does not cover the full range of health-care expenses you may experience in your golden years.
Retirees traveling abroad need to know that their health insurance travels with them.
Being healthy not only makes you feel good, it may also help you financially.
Without a solid approach, health care expenses may add up quickly and potentially alter your spending.
Choosing to bear the financial burden of an adverse event is called self-insuring. Do you know what that entails?