Beginners Insurance Importance

Hello friends and welcome to my first blog post! I’m new with the company and have never worked in the insurance business in the past. Before I heard about Empower Brokerage, and what we do, I was unaware of the financial insecurity that comes from a lack of health insurance. On average, 59 percent of Americans would not be able to pay a medical bill for over $1,000. (Fottrell). Personally, most of my hospital visits cost more than $1,000, and I’m sure yours will too.

Nothing is certain

We all have the option to either live life extremely precariously or decide to protect ourselves and our family’s financial future. The decision to secure your family, or leave their future to chance, is easy when you consider the odds. We all know that life does not play nice and whatever can go wrong will. We need to act to ensure our safety. Therefore, choosing to have protection in place is a smart move.


Here is a story of my boss and his wife. His wife needed medical care and they had to go to the hospital. Once there, the hospital clerk asked him if he was paying out of pocket or had insurance to cover the cost. My boss asked how much the procedure would cost and was quoted around $1500. My boss was confident that he could pay the cost of the procedure within the quoted range. When the procedure was completed, the hospital sent him a bill of nearly $15000! This amount of out-of-pocket cash can be financially devastating to most families. My boss had to hire a lawyer to get the prices down to a reasonable level. Even then, the small amount of morphine itself cost more than the entire quoted price. The point of this story is to show the very serious dangers that accompany a lack of health insurance.

Summed up

Health insurance exists to help mitigate the risk of high medical costs. Having insurance helps minimize the worry about major financial disaster and will allow us to live a more fun and healthier lifestyle. I think all families need health insurance to protect their children as well, because protecting the parents’ financial stability also protects the kids and their financial future. Without health insurance, one major injury could wipe out retirement accounts, college savings, and cause a family to liquidate assets. As responsible adults, we need to provide and care for our children.

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