Sadly, when it comes to health care plans and options, many if not the majority of millennials are under and uninformed. Not only do a large portion of them know little about the kind of coverage they have and when it expires but there is a growing number of those who seem not to be bothered and are unwilling to care. This is a major issue, and if you are one of these people, I am here to inform you that knowing your coverage really does matter. Most people within the target range for applying for their own health insurance have not even heard of child health plan plus. Not only does it help you understand the health insurance plans’ payments but, in serious cases, it could mean the difference between life and death.
The first thing you must do to gain a better understanding of insurances such as child health plan plus is to know whether or not you are still under your parents insurance plan. If you are, it is likely that you will not be for that much longer, so it is vital to know when that cutoff will arise in order to be ready for it when it does. On average, the cost for a visit to an Emergency Room is about $1,233. If that sounds like a lot, imagine how much that would be without the insurance. The last place you want to find yourself is seriously injured and debating whether or not you want to go to the hospital because you are unsure if you can even afford it. It may sound dramatic, but it happens and sometimes there have been people who have died because of it. With insurance, the end result is arguable much more favorable, a recent TransUnion Healthcare analysis shows that on average, 49% of out-of-pocket costs for healthcare visits were less than $500 in 2017.
With all this in mind, it is high time that you look into finding a proper health care provider for both the sake of you and of your family. If not now, then when do you plan on doing so? This certainly is not the sort of thing you can just put off or forget about.