Health Insurance Daily

Health and Disability Insurance Is Critical To Avoiding Bankruptcy

A recent study published in the journal Health Affairs estimated that medical bankruptcies affect about 2 million Americans every year. The outcome of this study reiterates the need for Americans to make sure that they have comprehensive health insurance coverage either through their employer or by purchasing an individual or family health insurance plan.

Significant medical claims can put unprepared individuals and families in a very difficult situation. First, the medical care that they are receiving is very expensive. Second, while they are receiving this care, they many times are not able to continue to work and earn a paycheck. The combination of high medical expenses and reduced or no income can result in a extremely difficult situation for individuals and families.

In addition to comprehensive health insurance, individuals need to look into finding a disability policy that will protect a portion of their income if they become sick and are unable to work.

posted by Mike @ 10:00 AM