Young Adults and Insurance
Do we, as young adults, really need insurance? How much does it really matter?
Yes, we do! It's VERY important for young adults to be insured. Here's why:
1. We all get sick
Although we’re young, we’re not immune to sickness. Whether it’s the common cold or a more serious disease such as cancer, we do get sick. In fact, 1 in 6 of every young adult has a chronic health condition, such as diabetes or high blood pressure. 1 in 4 of us is obese, and 1 in 10 has a mental health condition. All of these illnesses have high costs for hospitalization if you are uninsured. Examples of hospitalization costs are given in the table below.
2. Accidents
Even if we are healthy, we are susceptible to accidents. Just like we have our cars and houses insured to protect from unexpected accidents, we should have our bodies insured to protect us if something happens. The demographic of young adults has the highest injury-related Emergency Room visits. So while we may be fit and healthy, we are not immune from getting hurt. It’s important that we can pay for these injuries, which can happen at any time. Costs for injury-related hospital costs are given below.
3. Prevention
But, what if you didn’t get sick in the first place? It’s important to be insured because insurance can help diagnose early problems and prevent more serious ones from occurring. Having insurance promotes regular doctor check-ups, screenings, and preventive tests, which will catch problems sooner, rather than later.
