The costs of healthcare and medical insurance are high and are guaranteed to get higher in years to come. According to a 2009 U.S. Census Bureau report, about 15 percent of Americans (46 million people) did without health insurance coverage at some time during 2008.
If you are permanently disabled or over age 65, you cannot afford to be without some plan to cover your health-related costs on an ongoing basis. It is also important if you are seeking SSDI benefits since you need to provide the Social Security Administration (SSA) with updated medical records.
It also is important for your financial security. Personal bankruptcies are often associated with healthcare related debt. High medical and insurance costs, plus a drastically reduced income, seem to equal financial disaster for anyone struggling with a disability.
Fortunately, there are ways you can manage your healthcare needs after your employment ends. Consider using one of the following options: