Why Health Insurance is Essential

Health insurance plays a vital role in protecting your financial well-being. With Petravage Insurance Co., you can gain access to all major U.S. carriers, including ACA, Medicare, and supplemental products. Our expert brokers can help you qualify for health-based savings and provide you with a wealth of industry knowledge. By choosing us, you'll have peace of mind knowing that you're getting the best coverage and saving money today and in the future.

The United States has been grappling with a medical bankruptcy crisis for several decades. This crisis can be traced back to the early 1980s when healthcare costs began to rise exponentially, outpacing wage growth and leaving many Americans financially vulnerable in the face of unexpected medical expenses. The situation worsened in the 2000s, with millions of Americans being forced into bankruptcy due to overwhelming medical bills and the lack of comprehensive health insurance coverage.

The passing of the Affordable Care Act (ACA) in 2010 aimed to address this issue by expanding access to affordable health insurance options. The ACA introduced provisions such as the establishment of health insurance marketplaces, the expansion of Medicaid, and the prohibition of denying coverage based on pre-existing conditions.

Having health insurance is crucial because it provides a safety net, ensuring that individuals and families are protected from the devastating financial consequences of medical emergencies. It enables timely access to healthcare services, preventive care, and necessary treatments, ultimately promoting overall well-being and financial stability.