Updated: Jul 5, 2020
If you are one of the 30 million people who recently filed an unemployment claim, you may be wondering what you’re going to do about your health insurance. While some measures passed in the recent emergency stimulus packages will provide a bit of financial relief, a huge number of Americans will be without income — and stable health coverage. Even before COVID-19, there were already millions of people living without health insurance.
The importance of understanding your health insurance options
The COVID-19 pandemic means it’s more important than ever to have some level of health coverage. Thankfully, due to recently-passed legislation, testing for the virus is now free for all Americans, with or without insurance. But, the cost and coverage of treatment for COVID-19 is a different story.
If you end up needing hospital care and are uninsured, you could be responsible for an enormous bill. To estimate COVID-19 treatment costs, a study by Kaiser Family Foundation (KFF) looked at hospital stays for pneumonia. Researchers found that the average total cost for one stay was around $10,000 for patients who had no complications. That amount jumped to $20,000 for patients who experienced major complications.
Rest assured that if you need individual health coverage, options are available. Contact one of our agents today to discuss options that suit your individual needs.