Why is buying health insurance so important?

Financial expert Jean Chatzky explains why buying health insurance is crucial for both your personal and financial health. Plus, she shares tips for finding a plan that’s best for you.

Transcript

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[MUSIC] Did you know that medical debt is the leading cause of personal

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bankruptcy in the United States. That's right the biggest threat to your financial security is your health. The best way to avoid

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a problem is to get health insurance. Even if you can only afford a high deductable policy that only covers the worst case scenarios.

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Buying health insurance is crucial. Even if you and your dependents are healthy right now, there's no knowing what tomorrow may bring

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and believe me, you don't want to end up with a medical bill that you can't pay. If your employer doesn't offer health insurance,

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the best way to get started is to go to your state's health plan market place website or healthcare.gov, to learn about the Affordable

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Care Act and figure out the best plan for you and your family. You might even discover that you're eligible for a subsidy that would

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make health insurance even more affordable. So buy health insurance now to avoid debt later. I guarantee it

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will be worth it for both your personal and finance health. How fit are your finances? Take the free Money Fit assessment at sharecare.com

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for a personalised score and action plan for a healthy financial future.