Here's why not buying health insurance before December 15th is a huge gamble

This article was written by Colin Lalley of PolicyGenius. Would you consider yourself a gambler? Even if you don't, you're probably familiar with roulette. You have a 2.6% chance of hitting a number in roulette; that seems small, but anyone who's played knows it isn't all that uncommon. It's a pretty easy way to come home with at least a little change in your pocket. According to a 2013 study, uninsured people have a 5% chance of incurring healthcare bills exceeding $47,300. Think about that: if you don't have health insurance, you're twice as likely to hit the poor house than you are to hit the jackpot. Add that to the fact that the average American has less than $1,000 in their savings account, it becomes clear that you need health insurance. But maybe you're not completely convinced. Maybe you like the risk; you're the kind of person who ignores whatever the audience is yelling in The Price is Right. Well, we're here to tell you that health insurance is no game, and the best move you can make is to enroll in a health plan by December 15th. What's so special about December 15th? "December 15th? That seems awfully arbitrary," you might be thinking. Well, there's actually a good reason for it, and it comes down to Obamacare. As you probably know, Obamacare made health insurance mandatory in the US. It also provided some consumer protections, like stopping discrimination against pre-existing conditions. But there's a problem with that: what do you do for people who can't...
Source: Healthy Living - The Huffington Post - Category: Consumer Health News Source Type: news