You may think you know everything there is to know about health insurance, but think again! Here are some health insurance myths that we’re here to debunk for you.
- You don’t need health insurance if you’re young and healthy.
Wrong! So wrong. What if you get in a car accident? Or break your leg going down a ski slope? Not having health insurance because you don’t feel it’s necessary is just asking for trouble. Medical costs are incredibly expensive – that’s why we’re here to help make sure you’re covered. Don’t tempt fate!
- Health insurance is only affordable through your employer.
Also incorrect. There are many ways to find health insurance whether you’re employed or not. Affordable individual health plans are available – you just have to know where to look. You can find affordable healthcare here for group coverage.
- Health insurance is expensive because it’s all profit for the insurer.
Health insurance is expensive because medical care is even more expensive. The cost of prescription drugs is also on the rise – therefore, increasing insurance premiums.
- You don’t need to declare your pre-existing conditions.
You must be honest on your application and disclose all pre-existing conditions. This is very important – if you don’t disclose them, and you need coverage for something related to the pre-existing condition, your claim could be rejected. Insurance underwriters look at medical records to check for undisclosed causes. Most companies(depending which insurer you use) have a waiting period for these types of conditions and may cover the claims after this period.
- If you smoke, you cannot receive health coverage.
Smokers CAN still be covered, however because they are higher risk for health complications, smokers (and heavy drinkers) may have to pay a higher premium.
No matter what, always read the policy before signing up for health coverage. It’s important to know the details of your plan and what will and will not be covered.