What is health insurance?
Health insurance is a good way to help you manage your health care costs. You pay health care companies premiums – a set amount of money each month – and you get beneﬁts to pay for your eligible health care expenses. This can include regular doctor checkups or injuries to treatment for long-term illnesses.
You can purchase individual health insurance through the Health Insurance Marketplace on your own. Even though it’s called individual health insurance, you can also ﬁnd plans to cover your family. Because health care can be expensive, it’s a smart idea to have health insurance so you’re prepared for when you or your family have medical needs.
Why should I have individual health insurance?
- Prepare for the unexpected. You never know when you’ll need medical help.
- Staying healthy. Many preventive care services – like checkups – are covered at 100%.
- It’s the law. Under the Affordable Care Act, you may pay a penalty if you don’t have qualiﬁed health care coverage.