Why Do You Need Health Insurance?

What's at stake if you decide not to get health insurance.

Out-of-control hospital bills lead some to crowdsource for funds. Here’s how to meet your goal

A short hospital stay can cost thousands of dollars. If you don't have insurance, you could be responsible for the entire bill.


You may need to wait to get coverage

Typically, consumers can only purchase health insurance during certain open enrollment seasons or within 30 days of life-altering events, such as marriage, divorce, the birth of a child or a change in job status. For example, policies in the new health insurance marketplaces will be sold from Oct. 1, 2013 to March 31, 2014.

"There's a fantasy out there that if you're in the emergency room waiting to see a doctor, you'll be able to hop on your iPad and sign up for health insurance," said Cooke. "It's not going to work that way."

More News:

  • Study: Half of Those Who Buy Health Insurance Now Would Get Aid Under 'Obamacare'
  • How 'Obamacare' Will Affect Insurance Rates by Age Group
  • The U.S. News & World Report Guide to Buying Healing Insurance

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    Affordable Care Act
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