Having health insurance has many benefits. It protects you and your family from financial losses in the same way that home or car insurance does. Even if you are in good health, you never know when you might have an accident or get sick. A trip to the hospital can be much more costly than you might expect. Consider these facts:
- The average cost of a trip to the emergency room for an adult is about $700, not including any tests or hospitalization, which may increase the bill to well over $1,000.1
- A broken leg can cost up to $7,500.
- Average costs for childbirth are up to $8,800, and well over $10,000 for C-section delivery.1,2
- The total cost of a hip replacement can run a whopping $32,000.
These examples sound scary, but the good news is that, with the right plan, you can protect yourself from most of these and other types of medical bills.