Is Healthcare Coverage Truly an Investment?

One question I got earlier this year was “Is healthcare coverage a good investment?” 

 This is a common question that many people have, especially in the United States, where healthcare costs are high and unpredictable. However, the answer is not as simple as yes or no. Health insurance is not an investment at all. It is actually investment protector.

What does that mean? Well, an investment is something that you put money into with the expectation of getting more money back in the future. For example, you might invest in stocks, bonds, real estate, or a business. These are all assets that can grow in value over time and generate income for you.

Health insurance, on the other hand, is not an asset. It is a contract that you pay a premium for in exchange for the promise of getting financial assistance if you need medical care. Health insurance does not increase in value over time, nor does it generate income for you. It is more like an expense that you have to pay every month.

Understanding Health insurance is an investment protocol:

However, health insurance can protect your investments from being wiped out by a large medical bill. According to a study by the American Journal of Medicine, over 60% of all bankruptcies ever filed in the United States started with a medical bill that did not have proper coverage. This means that many people who had worked hard to save and invest their money ended up losing everything because they got sick or injured and could not afford to pay for their treatment.

So, the big question is “Are your investments worth protecting?” If they are, then you need to have health insurance to make sure that the medical facility or medical industry cannot come after the investments that you already have in the event of a major claim. Health insurance can also protect your future income potential by allowing you to get the care you need to recover and resume your work or business activities.

Of course, health insurance is not cheap, and finding the right plan for your needs and budget can be challenging. That is why I am here to help you. As a licensed health insurance agent, I can help you compare different options and find the best coverage for you and your family. I can also answer any questions you have about health insurance and how it works.

If you are interested in learning more about health insurance and how it can protect your investments, please call me at (210)551-8022 or set an appointment below. I would love to hear from you and help you find the best solution for your situation

Remember, health insurance is not an investment, but it is an investment protector. Don’t let a medical bill ruin your financial future.

Get covered today!