Is Health Insurance Mandatory? Yes, you may be required to get certain medical coverage if you are working in a private or public sector. However, not everyone will be covered for the same and certain plans may be available only to employees of a specific company. Those who do not have to purchase medical coverage through their employer may want to consider looking into the various options that are available. If you have to buy your own health insurance, you will want to consider several things, such as: How much do you pay? Do you get the same coverage as you would with your employer?
Many people believe that they need to buy their own insurance if they can't get coverage through an employer. In fact, the vast majority of people get their health insurance through an employer. There are rarely any “subsidized” plans available that can be purchased by employees of a company without paying for it. You may find that you have to buy more than just group insurance if you don't have to take out a policy from your employer. You should always look at the different kinds of policies before deciding on a plan, as every policy has its own rules and limitations.
Most companies only offer one kind of insurance, either group or individual, which can lead to confusion amongst consumers. However, there is actually no national standard for what type of coverage is offered. Each state has its own regulations regarding health care insurance. Therefore, if you are interested in finding something that works for you, try to find out what all the state requirements are for the type of health coverage that you need.
If you get your health insurance from an employer, keep in mind that you may have to pay a hefty fine if you go without insurance. Also, your employer may not cover any pre-existing conditions. For this reason, some people opt for an HMO or PPO policy, which covers you for a flat monthly fee that you pay directly from your pocket. The downside to this is that you cannot choose the doctors that you want to see. Furthermore, you may only get a limited number of doctors available in your network.
If you are self-employed, you will have to decide if you want to get individual or family health insurance. For an individual policy, you can choose the coverage limits as well as the doctors that you can see. However, you are not required to get health insurance through your employer, and you may have to pay an extra premium if you choose to do so.
The bottom line is that you need to get health insurance in case something happens to you that leaves you thousands of dollars in medical bills. When deciding whether or not you need health insurance, you should consider your lifestyle. Do you smoke, and how often do you get sick? It's also a good idea to get a physical examination and a checkup, at the very least twice a year, to make sure that you and your family are in good health. You may be surprised at just what a difference a few simple questions can make when it comes to whether or not you have health insurance.