Health Insurance

Health Insurance

Health is everyone’s right. The sad thing is the health care picture in the United States is far from ideal. However, there are health insurance plans and programs that are in place to help provide basic and extended health care services. At East Coast Financial Group, you can trust us to value this inherent right of everyone. Trust us to provide you with the right health insurance products, whether it is for individuals or families, or the employees of companies.

Affordable Care Act

Getting health insurance today is a lot easier than it was several years ago. The Affordable Care Act instituted many of the reforms that allow many individuals and families to secure health insurance today. First, insurers can no longer discriminate against individuals who may have pre-existing medical conditions. This means that anyone can purchase a health insurance that suits his needs. The law expanded Medicaid while also establishing the Healthcare Marketplace. This is a venue for individuals and businesses to shop for affordable and quality insurance plans.

The Costs of Not Getting Health Insurance

There are people who think that health insurance is not necessary. However, you may want to take a look at the following figures to know the cost of remaining uninsured.

• A single visit to the emergency room can cost you about $1,450.
• The surgical procedure to fix a broken arm can cost an average of $16,000.
• Fixing a broken leg can set you back for an average of $7,500.
• The average cost of a 3-day hospitalization is about $30,000.

There are health care providers that can provide you with similar services at a much lower price. However, the message is clear. Staying uninsured can be disastrous to a family living on median incomes.

Types of Health Insurance

There are two fundamental categories of health insurance plans: Individual and Group. Individual health insurance plans provide coverage for an individual and/or his family. He purchases from an Insurer a plan that best addresses his needs. Group health insurance plans, on the other hand, provide coverage for the members of an organization or the employees of a company.

Health insurance plans can also be classified as private or public. In the US, more than 65 percent of insured Americans have private health insurance policies. The remaining percentage of insured individuals rely on government health insurance plans.

Choosing the most appropriate health insurance for you is not easy. There are a lot of factors that one needs to consider. Many Insurers also use very complicated terminologies. At East Coast Financial Group, you can expect us to make everything clear for you. This way, you will be able to decide on the best possible Health Insurance Policy to serve your needs.

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