Monday, September 26, 2011

Bankruptcy is inevitable for the Uninsured

21 Sep

Posted by: Cobra Help Center in: Health Insurance

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Half of all bankruptcies are caused by bills due to medical problems. By not insuring yourself, you are opening you and your family up to not only the possibility of bankruptcy, but are setting them up for a certainly bleak future. About two million bankruptcies are due to medical bills and affect nearly 700,000 children. Not having health insurance is a recipe for disaster.

Don’t be another number in this growing epidemic. Get insurance, and most of all get insurance that fully covers you incase of any illness. By simply buying a plan that may cover a doctor visit here and there, but does not cover a major surgery is in some cases worse then not having any insurance at all.

Three main points about health insurance:

Stay continually insured: Do not drop your coverage, and do not let it lapse due to non-payment. if you let your insurance lapse or expire, you will lose your coverage and may become uninsurable. Have Comprehensive Coverage: Have coverage that covers you fully and completely. By having a limited medical plan you are setting yourself for bankruptcy due to the carrier not covering a major illness. Know your options: Speak to a qualified broker at Cobra Help Center. Our brokers can look at every carrier in your state and can find ones that meet not only your budget, but also your future needs.

“Bankruptcy for the uninsured is but one illness, as simple as the flu or as severe as cancer, away from a family. No matter what the cause, medical bills can destroy a life, a  family and a future for those who remain uninsured.”

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