Why is health insurance important?
Health is your greatest asset. By maintaining your health, you can pursue passions, thrive in a variety of areas and enjoy life to the fullest.
Finding and selecting the right health insurance plan for your budget and lifestyle is an important step in protecting your most valuable asset. But how exactly does health insurance protect you?
Protection through discounted rates
To give you discounted rates for medical services, your in-network health care providers negotiate with your insurance company. They then pass savings on to you when you receive medical services. Without health insurance, the fee charged for a regular office visit or other medical services can be much higher—and you’d be responsible for paying the full amount instead of splitting the cost with your insurance company.
Protection against the unexpected
Health insurance can also protect you from unexpected medical costs. Even if your health plan requires you to pay certain costs out of pocket, your coverage can protect you from bankruptcy in case of injury or hospitalization.
For example, after you meet your deductible, your health plan will begin paying a significant percentage of your health expenses. Once you meet your plan’s out-of-pocket maximum, your insurance will begin playing for 100% of your expenses.
Protection with access to care
As a health plan member, your insurance gives you access to quality care through a network of health care providers. When you’re insured, you have better access to care for medical emergencies and chronic conditions. You’ll also be more likely to take advantage of regular checkups and preventive care often offered at no cost to you.
As the old saying goes, an ounce of prevention is worth a pound of cure—and the research bears this out. Maintaining your health can not only help you save on future medical costs but also supports your long-term health.
Current Sanford Health Plan members can access their summary of benefits and coverage through our secure member portal or by contacting customer service using the number listed on the back of their member ID card.