4 Misconceptions About Health Insurance People Believe

It's no secret that purchasing health insurance can be confusing. It can be hard to figure out what's worth your money between all of the different plan options, premiums, and deductibles. And because everyone's needs are different, it can be tough to figure out which plan is right for you.

Despite all of this confusion, there are some myths about health insurance that won't go away. Let's look at a few health insurance misconceptions and see if we can set the record straight.

1) I Don't Need Health Insurance Because I am Healthy

Health insurance is not just for the sick. Your health can dramatically change at any time, and without insurance, a severe illness or injury could leave you in debt for a very long time. A hospital stay for something as common as appendicitis can cost you thousands of dollars – and even more, if surgery is required. And that's just one example!

2) Health Insurance Does Not Cover Maternity Programs

Many people avoid buying health insurance due to this myth, which is entirely incorrect. Many health insurers provide maternity coverage at an affordable price, so make sure to do your research before deciding.

If you are planning to get married or starting a family, you must buy health insurance with maternity benefits included, as standard policies often exclude them. In fact, some policies have a waiting period between 24-48 months, after which they cover any pregnancy-related expenses.

3) Only Earning Family Members Need Health Insurance

This is another common health insurance myth that often deters people from buying coverage. The truth is, everyone - regardless of their income - needs health insurance.

Even if you are young and healthy and don't think you need it, remember that accidents and illnesses don't knock before striking. A good health insurance policy gives you peace of mind by offering financial coverage during emergencies.

4) You Should Buy Health Insurance Only to Save on Taxes

While it's true that you can get a tax break by buying health insurance, that's not the only reason to do so. Health insurance is an important safety net for you and your family - in case of illness or injury, health insurance can help pay for the cost of treatment.

There are many other health insurance myths out there. Do some research and talk to an agent to learn more about how health insurance works and which policy is best for you. Remember, having health insurance gives you peace of mind - something everyone can use these days!

A professional insurance agency will clear all the doubts you may have regarding insurance plans. At Buse Group LLC, we believe in providing personalized financial planning services so that our clients can make informed decisions about their future in Allegheny County. If you have any other questions about health insurance or personal finance, please don’t hesitate to contact us.