Insurance Blog

If you are a person who don't trust banks or don't want to deal with their unreasonable bank charges like overdrafts then you are in trouble, you can't pay your health insurance without a bank account.

Next January federal health law will require Americans to carry health insurance, but most health plans accepts credit cards for first month's premium then pay the succeeding monthly premiums with check or an electronic funds transfer from a checking account. To those who don't have bank accounts this will be a real problem.

I think the government should require the health insurance providers to implement a reasonable payment options for everyone.

You can read more about it here. http://www.npr.org/blogs/health/2013/05/17/184814772/latest-health-hurdle-buying-insurance-without-a-bank-account

Insurance can be expensive but it's worth it. A report by the New York-based Commonwealth Fund estimated that 84 million adults in the US have inadequate health care coverage. Families are foregoing care because they cannot afford it, even with the implementation of the AffordableCare Act in January 2014. The under-insured and uninsured will just be transferred to an inferior plan with huge out-of-pocket costs.