People who consider themselves in good health are purposefully avoiding
medical insurance. The pros to avoiding medical insurance saving yourself
money. Insurance can become expensive, especially when paying for a
family. Many can feel like it is a waste of money when they rarely get sick.
The same way some people feel when purchasing flood insurance if they are
not in a flood zone. "Health insurance is not cheap, and it can be tempting to
go without coverage, especially if you never get sick. With the expensive
monthly cost and out-of-pocket expenses, you may be wondering how much
you really need coverage" (Caldwell, 2021). The con to not having
insurance is not having it if you were to become sick. You should try not to
be in a position where you need it and do not have it. According to Caldwell
(2021), "being hit by a car and becoming seriously injured, or even just
missing that last stair at home and dislocating an ankle could cause an injury
that costs you thousands of dollars in medical bills, and it can quickly climb
higher if you need surgery or any kind of ongoing rehabilitation."
On the contrary, having medical insurance can save you so much of money.
Like myself, I do not get sick often, but within these past two weeks, I
contracted COVID-19 from the hospital when I went to be with my
grandmother in her last moments. Having insurance saved me money on the
visit to see the doctor from the "emergency visit", as well as medications
that I needed to become well. Annual visits that once costed me $150 before
I had insurance, now costs me $25 for copays. The cons to having medical
insurance can be not all facilities will accept your insurance and some
insurance companies exclude imperative medical treatments from the plan
(2021). You can still be responsible for big fractions of the costs and as you
get older, your premiums can increase in price (2021). I do think that
medical insurance can be a big rip off, but has its benefits.
25 important pros & Cons of Health Insurance. E&C. (2021, August 6).
Retrieved February 2, 2022, from https://environmental-
conscience.com/health-insurance-pros-cons/
Caldwell, M. (2021, October 12). Do you need to have health insurance?
The Balance. Retrieved February 2, 2022, from
https://www.thebalance.com/why-do-i-need-health-insurance-2385890
