Shopper’s Guide to Health Insurance Aims to Help those without Insurance

Top Quote Recent reports reveal that millions of Americans have lost their health insurance coverage since the start of the recession. End Quote
  • Chicago, IL (1888PressRelease) February 27, 2009 - It is a terrible time not to have financial security. Tightening the budget belt does not always do the trick. Sure, you can live without the latest gadgets and designer labels; you could consider a “stay-cation” this year so you won’t spend thousands on taking the family on a summer trip. You can live without a lot of luxuries; but what about your health and that of your family? Can you live without those? What about coverage for them, in case a medical emergency came up?

    Since the recession began, more and more Americans have felt the pain of loss and financial vulnerability. Americans have lost and are losing their homes to foreclosure because of the collapse in the housing market. They are losing steady incomes as more and more Americans lose their jobs. And as a result, they’re even losing their insurance coverage, especially their health insurance coverage. Just as bad, Americans are finding themselves without unable to afford the out-of-pocket expenses. However, provides a guide for purchasing health insurance so shoppers are more equipped to sit down with a health insurance agent and discuss policies and ways to save money.

    A recent report by the Center for American Progress Action Fund shows that more than 4 million Americans have lost their health insurance coverage since the start of the recession 14 months ago. And if unemployment continues to increase—and, unfortunately, there have been no signs of it slowing down—into the double digits, more than 7 million people will lose their jobs as well as their health insurance coverage, according to the report. This is because so many American workers’ health insurance coverage is tied to their job’s benefits package.

    But even if you’re trying to cut back on unnecessary spending due to financial difficulty, don’t assume health insurance coverage falls under the “luxuries” category. Health insurance, for all intents and purposes, is a necessity.

    According to, in their online guide to purchasing medical coverage, “Health insurance is a serious necessity for individuals and their families. However, some forget to study the basics of health insurance before negotiating a contract with a health insurance agent.” Without proper guidance, consumers run a real risk where they can find themselves financially vulnerable or that their doctors are not in their coverage’s participating network, according to the guide.

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