Americans Doubt Odds Of Severe Illness But Need To Plan Ahead

The possible occurrence of sickness or injury over the course of a person’s lifetime is cause for alarm for anyone, but recent studies show that many American workers live most of their lives denying the potential that such tragedies could take place. According to a survey taken of over 6,000 adults between January and February 2012, overall half of those people polled doubted the likelihood of developing serious illness in their lives. Even fewer people considered the possibility that loved ones could contract similar illnesses.

Although many Americans today face ongoing battles with cancer and other life-threatening diseases, it appears that most people simply refuse to accept the possibility of these illnesses developing.. Yet while certainly no one wants to live their lives with the idea that tragedy lurks behind every corner, it’s clear that more working adults need to plan for the future and create smarter contingency plans.

Get Insurance Early Before Disaster Strikes

Although the current shape of the economy places a lot of middle class Americans in dire straits financially, it’s still vital that working men and women set up a family health insurance plan at their earliest convenience. Since initial premiums are determined by the health and preexisting conditions of those enrolled at the time of policy signup, it’s a smart move to seek out coverage before conditions develop. This Other forms of insurance may be bundled together with the term life plan which can help reduce the overall costs of one’s total insurance needs.

Save Money for that Inevitable Rainy Day

These days, it’s easy to get caught up pursuing vacation and luxuries. With lavish getaways and cool gadgets (I blame you, Apple) constantly vying for our spending cash, most people end up wasting a considerable amount of their income on entertainment and meaningless distractions. Yet regardless of whether you’re a high school student working part-time for the summer or a salary man working overtime, it’s always wise to allot a percentage of your earnings to investments or holdings.

This can be done in a variety of ways: buying stocks, putting cash in saving accounts or CDs, and business funding are all viable means by which to improve earnings in the long run. The money saved or earned through investment will become useful should a family member ever fall ill.

Improving Health Coverage as the Years Wear On

As one nears his or her golden years, the need for proper health coverage becomes far more significant. According to recent reports from Cancer Research UK, the frequency of cancer and other chronic diseases is such that most cancers appear far more often around age sixty or older. It’s due to this that many people over age forty get more expansive health insurance policies that cover more medical costs such as oncologist visit, radiation treatments, and extended hospital visits.

Whatever one’s plans in life may be, it’s important that he or she take into consideration the health and wellbeing of themselves and their loved ones. A little bit of planning goes a long way towards ensuring financial stability and support should (or when) disaster strikes.

Jason Wersits is a part of an elite team of writers who have contributed to hundreds of blogs and news sites. Follow him @Debaser404