The two most important types of insurance are probably health and life. Life insurance because it protects the ones we love in the event of our untimely passing. And health insurance because it protects us and our loved ones while we are alive. More often than not, a large unexpected medical bill or procedure can make or break a household budget. For those of us that are gainfully employed it is important to take advantage of your employers coverage options. Often times it’s wise to pay a higher deductible that has more sufficient coverage. Planning for the worst help prevent unexpected and unpleasant surprises in the event that it happens. Now, if you are unemployed, or self-employed, then there are plenty of online options for affordable coverage. You will want to see the options available to you regarding the Affordable Care Act, until it’s inevitable repeal. At which point, there are plenty of companies with online policy quotation services for shopping out the more affordable policies.
While skipping coverage should never be an option, finding affordable coverage should be an absolute priority. Just consider some of the benefits of what you can do with money you save on your insurance premiums!
Savings: The old adage that one should save money for a rainy day often rings true. Even the properly insured can be inundated with expensive bills that overwhelm them. Saving extra money while you have it will prevent a financial disaster later on down the road.
Household Expenses: Extra money now can afford you some of the extras like replacing old and worn out carpeting. Or perhaps you want the latest pay TV channels like HBO or Showtime and now you can afford those extras. After all, we spend a lot of time in our homes, we usually want to make it more comfortable and appealing to be inside.
Fun: It is always nice to be able to have fun and cut loose. Even if that means going shopping at Allen Edmonds or enjoying a movie with a friend, fun can sometimes cost you quite a bit of money but that doesn’t mean you shouldn’t try and enjoy yourself every once in a while.
It is not uncommon for health insurance plans to be expensive. However, it is also not uncommon for people to be able to save on these plans. If you find a plan that is affordable for you and your family, don’t be afraid to purchase it and reap the benefits of saving a few dollars. It is not something all people can say that had the option to do.