During economy downturn, the cost of medical services will not be reduced but it will keep increasing.
For people who are self employed or you have just lost your job, have you got your own private health insurance? It is indeed important for you to make sure that you are "financially" prepared for healthcare services.
If you haven't purchased any of the medical plans, do you have an emergency fund? You need to bear in mind that the possibility for us to fall sick or get involved in accident is quite high.
If you don't allocate any saving for emergency purpose, where are you going to get cash to pay off your medical bills? If you never practice this, you should start planning to obtain medical plan from now onwards.
Accumulating emergency fund may need some time.
In order to get a proper protection, obtaining health plan will be the better solution.
If you have just lost your jobs, you are advised to find out if you are qualified for coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).
It is good if you can get temporary protection while looking for new jobs.
However, if you are self employed, you are advised to look for affordable personal medical plan.
Before you make your decision, you should sit down and outline your needs.
If you are the breadwinner of your family, you should consider your family members' needs as well.
Do some researches on the offerings of different insurance providers and compare the premiums.
You must evaluate whether the cost of the medical coverage can realistically fit into your budget or not.
If you can only afford for low cost plan, then you need to make sure that you obtain sufficient catastrophic coverage.
No matter how bad the economy situation is, you are reminded to get yourself financial prepared for quality healthcare services.