By Pete Gardner

I hear many people talking about Health Care and insurance these days. It certainly is a main concern for the Baby Boomers as the body ages. With new laws on Health Care you’re basically forced into purchasing insurance, if you are not 65, and not covered by a company policy.

The cost of Health Care for the Boomer group and younger can be very costly. But, at least, with the new laws, you can get some deductions on monthly premiums depending on your age and financial situation. Yes, basic coverage still may have hefty monthly premiums and can even be accompanied by a very high deductible, but think about the risks. Would you rather pay a monthly coverage premium or risk having to pay thousands of dollars in charges if an illness or accident was to happen?

In my particular case I had to purchase Health Insurance, as I was not 65. I wasn’t covered and got ill twice and boy did it cost me a lot of money. I can assure you that not purchasing insurance and taking my chances was not worth it. If I had to do it all over again the decision certainly would have been different as paying the bill now is burdensome. If you don’t have insurance you might want to consider getting covered and possibly saving yourself from a huge potential liability.

If you are 65 or older, of course, you are eligible for Medicare. While Medicare does handle a majority of the costs, you still should purchase additional insurance to help with the charges that are not covered. Many of these features you can find online.

Whatever your situation, whether you are self employed, or are not covered by a Health Insurance policy by a spouse’s employer, try not to take make the decision I did. Get covered!