Insurance is an agreement between you and the insurance company to provide funds, if needed, to pay for various misfortunes that may affect your life. Short Term health Insurance companies protect various situations and make their money, when they aren’t paying for someone’s calamities, but keep collecting the monthly premiums and increasing them each year. Get cheap rates for short term health insurance.
There are various protection plans and sometimes it seems we are becoming insurance poor. We need car insurance in case of an accident, especially if there is another person involved and does not have insurance. We also need home insurance to protect ourselves, as well as, all our personal property inside of the house. If we should have the misfortune to have a fire in our home, we will be compensated for the loss of our belongings and the damage to our home. Depending on what your policy covers, you may also have to live in another place and the insurance will pay for this rental. Another coverage of home insurance is protecting your wealth if someone should fall and get hurt on your property. This can result in being sued and the need for this home insurance policy will be very essential.
Now we come to health insurance, which by far, can be the most important. We never know what is really going on inside our bodies and when a disease or illness will strike. Finding a good health insurance policy to put our minds at ease, may be a daunting task. We really need to be diligent in finding the right plan for our medical needs. Some people may have pre-existing medical conditions and may find it difficult to acquire health insurance. Obamacare was to take care of this and provide medical insurance for all people.
When you become employed, your employer may provide health insurance as a benefit and this is great. Only problem is it may not cover all the conditions you may need, but you are obligated to take this insurance. The employer may pay a portion of the premium and you will be responsible for the remaining part. If your spouse also works and has a better insurance plan, you can opt to take their plan instead of your employers. This may give you better coverage on certain medical conditions that affect you. One cannot forget to pay these monthly premiums as this will end your policy and you will no longer be covered. We must be diligent in paying all insurance premiums to protect us from what could be financial disasters to our family.