I will just say it. Healthcare insurance is NOT like any other type of insurance. That's it?

That's the key component?

Yes!

"Why?" you ask.

It is the only type of insurance that you plan on "using" in the near future. Automobile, Life, Property and Causality are types of insurance that you hope you never will need to make a claim on. Health Insurance... it just screams to be used.

The Single biggest fact about Health insurance is this:

The more you use it, the more affordable it becomes. I am not saying to go out and make a dozen doctor's appointments today. Think about it how many yearly exams do you have? Your yearly physicals, your yearly eye exam, your yearly dental exam and the list go on.

On the other hand, the other types of insurance are designed to "protect" your financial future, not your physical future. They are all contingent on something bad to happen to you or your property. Instances like death, a fire, a flood or theft. They provide you money if those things are lost. You usually need to only file one claim and you can do what you want with the money.

Not so with healthcare insurance. You are going to make several claims on your health insurance coverage. Your health insurance is going to play the medical provider company directly (so you don't have too). You usually pay a monthly fee (or premium) for the coverage that you have.

What are the two things you actually get with health insurance?

1. Doctors, hospitals, the use of their equipment and greatly discounted prices for medical attention.
2. Financial protection from extreme medical expenses.


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