Hello, I’m JJ Childers here to be your Monday Morning Mentor. Did you know that the total cost of healthcare for our country as a whole today is around $2 trillion dollars, but that is expected to rise to over $4 trillion in the next decade? Unfortunately, these numbers are all too real. As a result, we all need to have a plan in place to protect our personal wealth from these rising costs of healthcare.
One of the most popular ways to pay for healthcare in this country is through health insurance. Today, approximately 84% of citizens have some form of health insurance. Sixty percent of those persons receive health insurance from their employer. This type of insurance, often called a group policy, is purchased by the employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. For those lucky enough to work for such employers, a group health policy is probably one of the most affordable healthcare plans and to qualify is generally easy.
If you already work for a company which offers a group health insurance policy, you’re well on your way to planning for the rising costs of health care. But what if you are not so fortunate? Next week, we’ll discuss purchasing a private health insurance policy and how it can help you being able to afford to get sick.
