Health Insurance

The law requires insurers to cover annual checkups and preventive care. Feel safe and secure when you know you have the best insurance coverage.

A short hospital stay can cost thousands of dollars. If you don’t have insurance, you could be responsible for the entire bill. With the Affordable Care Act mandating that most Americans purchase health insurance beginning in 2014, some people – especially those who are young or healthy — are questioning why they need coverage at all.

Most Americans who can afford health insurance must have coverage by Jan. 1, 2014 or pay a tax beginning at $95 per adult or 1 percent of annual income (whichever is greater) in 2014 and increasing to $695 per adult or 2.5 percent of annual income (whichever is greater) by 2016.

You may be healthy now, but the onset of a sudden or serious illness (cancer, diabetes, appendicitis) or a traumatic event (ski accident, car crash) can leave you with staggering medical bills. The inability to pay high medical bills, one of the most common reasons people file for personal bankruptcy, can ruin your credit history and set you back for years.

The law requires insurers to cover annual checkups and preventive care – mammograms, vaccinations, colonoscopies, and prostate cancer screenings – without a co-pay. That means you’re more likely to stay healthy and catch health problems early, when they’re easier and less expensive to treat. Policies also must provide a minimum standard of care known as essential health benefits in 10 categories: preventive and wellness services, ambulatory (outpatient) care services, emergency care, hospitalization, maternity and newborn care, pediatric care, mental health and substance use disorder services, prescription drugs and rehabilitative and habilitative services (specialized therapies and medical equipment to help people facing long-term disabilities).