Health Insurance Overview

The term health insurance is used to describe any kind of health insurance program, private or public, and may also be referred to as coverage, health benefits or medical insurance.


Technically speaking, the term health insurance means the insurance against the liability of incurring medical expenses. In the United States, health insurance is mainly provided by the private sector, although a growing portion is covered by government programs such as Medicare, Medicaid, and TRICARE. Health Insurance Exchanges are a private-public system, where the government or a state-based organization offer health insurance through private health plans.


Despite a developed medical system, United States falls behind when it comes to life expectancy at birth, compared to the world’s leaders (according to the U.S. Census Bureau). In 2010, the U.S. Census Bureau has reported that over 49.9 million people, representing 16% of the population, were uninsured.


So many people are uninsured because the United States spends more on healthcare per capita as a percentage of the GDP than any other county in the world. On the other hand, even though health insurance is very expensive, the cost of not having insurance can be even more devastating and as a result about half of the bankruptcies result from medical expenses.

When it comes to choosing health insurance, various options are available. One solution is to obtain medical insurance through your employer if the company provides coverage. However, even if the employer offers a health insurance plan you should take into consideration that these plans might not be sufficient. If a plan is not comprehensive enough, buying coverage individually through a private plan or health insurance exchange is a possibility.


We sell all types of policies from the top insurers — on and off the exchange — to best suit your needs and budget, and most importantly, to get you covered. If you don’t earn enough to buy a health plan, you may be eligible for Medicaid in your state. Approximately 40% of the uninsured population in the nation actually qualifies for assistance programs like Medicaid and hasn’t applied.


Even with the rising cost of medical care and declining incomes, health insurance is of the utmost importance for the physical and financial well-being of any individual. To go without any coverage is very dangerous even though you may be able to get emergency bills covered if you’re very low-income.


The main issue for the uninsured is not emergencies, which are always covered, but chronic conditions like diabetes and obesity which are the main cause for our country’s shameful performance in medicine.