Health insurance is a crucial part of American life, protecting us against large out-of-pocket costs if we ever need help with the cost of medical care. Fortunately, there are many ways to get the coverage you need at a price that fits your budget.
In the United States, most working-age adults obtain health insurance through an employer. This type of coverage is often criticized for hobbling the individual market and undermining labor mobility, which can lead to job loss.
Health Insurance
Insurance is a way to pay for medical expenses. It can cover things like hospitalization, prescription drugs and emergency services. It can also protect your loved ones if you pass away unexpectedly.
In the US, insurance is purchased through an employer or a health insurance Exchange (also known as an exchange). Employer-sponsored coverage is typically the most affordable option and can be paid for by payroll deduction.
The COVID-19 pandemic triggered large declines in employer-sponsored insurance. While state policies helped to offset those declines, many people became uninsured during the pandemic.
A new survey of more than 1.2 million adults in the United States has provided some evidence on changes in health insurance during the COVID-19 pandemic. Results show a sharp increase in uninsurance during spring and summer of 2020, which was driven by declines in employer-sponsored coverage but only partly offset by increases in other types of coverage. The study is the first to analyze these trends from a nationally representative sample.
Auto Insurance
Insurance isn’t cheap, but it can be a worthwhile investment if you get the right coverage at the right price. You can shop online for a quote or visit your local agent for face to face service. Regardless of where you go, you’ll want to take your time and be sure to do your research. You’ll want to find out more about your policy options, including what types of accidents are covered and what type of deductibles are required. Getting the best deal on your car insurance should be your top priority. Make sure you are aware of any discounts you may qualify for, including safe driver and multi-policy discounts.
Life Insurance
Life Insurance is a crucial piece of financial security for you and your family. Whether you need to provide for your loved ones, cover expenses or ensure you leave behind a lasting legacy, the team at JMG can help you protect it all with quality coverage at a fair price. Basic life and accidental death and dismemberment (AD&D) insurance is provided by AU, and you have the option to add voluntary coverage for your dependent children, spouse, or domestic partner. It is important to have enough coverage to cover funeral and burial costs, as well as provide income and living expenses during your loved one’s lifetime. Term life insurance is a very cost-effective option, as it offers complete protection for a set number of years with no investment features to drive up the premium.
