Why is health insurance important?

Bye Financial Group, LLC in Grand Ledge, MI does not stop finding creative ways to provide you with affordable coverage.

Why Health Insurance? 

  • Uninsured people are at risk. In 2001, a study by the Institute of Medicine found that a lack of medical insurance is associated with about 18,000 deaths. In 2009, according to the American Journal of Public Health, nearly 45,000 Americans would die annually as a direct result of being uninsured. Further, a study completed at Harvard Medical School found a mortality hazard ratio of 1.40, which meant that for those Americans without health insurance, they were 40% more likely to die than those with health insurance.
  • Those without insurance receive less timely medical care with poor health outcomes.
  • A more significant portion of the dollar is spent out of pocket causing a financial burden for families.
  • While safety-net care from hospitals and clinics improves access, this is not a substitute for health insurance. 

Stop Gap Short Term Health Insurance

The bottom line is to receive some form of healthcare insurance, even if it’s for the short term. Short-term policies are used when you begin a new job and need the temporary coverage between the waiting periods, you lost your job looking for an alternative to COBRA, you may have missed the ACA deadline, or you are over 26 and no longer qualify to be on your parent’s plan.

At Bye Financial Group, LLC in Grand Ledge, MI, our agents stay up to date with all the changes in healthcare policy. We are here for you. Questions? Please call us!