Investing in Individual Health Insurance Can Hold Down Future Medical Costs

A recent study is finding that people who invest in individual health insurance earlier in life can make substantial progress in holding down medical costs that are likely to rise as they grow older.

The findings from the Commonwealth Fund finds that adults who were uninsured, even on occasion, between ages 51 and 64 were more likely to have expenses that were costlier to the Medicare system. According to the report, people who had been uninsured in the past were likely to cost Medicare an average of $1,000 more per year after reaching age 65.

These increases were widely traced to delayed medical procedures and what were considered to be avoidable hospitalizations.

Elsewhere, the study contributes to a growing body of evidence showing that along with maintaining health insurance, people who keep themselves in sound physical condition with a proper diet and exercise can expect to benefit from lower medical costs during their lifetime.

Along with taking care of one's self, individual health insurance is an important part of an overall well-being strategy because it helps people stay caught up on doctor visits and catch potential medical problems early.

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