Insurance is extremely important. It doesn’t seem like it when you’re healthy and everything is going right, but in the unfortunate chance that you do need medical care, the difference between the bill you pay after insurance, and the bill you would pay before insurance are HUGELY different. This year Hubs has ended up in Urgent Care or the ER twice for random ailments. He’s also had two major dental surgeries. You can’t plan for those things, that’s where insurance comes in.
And of course there’s me, having just had a baby. If you’ve never been pregnant let me let you in on little secret: pregnancy brings a LOT of OBGYN appointments, and ultrasounds, and testing. Even more of these things if anything becomes abnormal during your pregnancy. Then of course there is the hospital stay for your actual labor and delivery. Then, you have a new member of the family, who also needs medical care. Insurance is imperative to cover all these things.
Of course, insurance isn’t free. It takes financial planning and saving for health care to make it work, but I feel you have to make healthcare a priority in your budgeting, like gas, electric or water. Millennials especially have to make health care a priority as we find ourselves aging out of our parent’s insurance policies and having families of our own.
According to the Aflac and their WorkForces Report on millennial workers 72% at least somewhat agree that they regularly underestimate the total cost of an injury or illness and 46% are not at all/not very prepared to pay for out-of-pocket expenses associated with a serious injury or illness. Don’t find yourself “One Emergency Away From Financial Disaster.” Make room in your budget! Not just for health care, but also for emergencies like home repair and car repair. Savings are essential.