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Vimal Sampathkumar • August 23, 2022

Riding to Work? Insure Your Bike

Private health insurance is a popular insurance component, but it isn't for everyone. Learn the pros and cons of having it, and decide if it's right for you.

A woman with a backpack is riding a bike on a cobblestone street.

Let's start with the pros.


It covers medical expenses

A private health insurance policy covers certain medical expenses that public health system or Medicare doesn't.


It covers (some) hospital expenses

In the event that you'll require hospitalization, a private insurance policy could cover some of your expenses, and you'll be treated like a private patient.


And now for the cons - and there's a big one:


The cost

This will be a real problem if you're already in poor health and don't have any kind of group coverage. Usually, individual health insurance policies can cost around a few 100s of dollars a month.

A woman is kissing a cat on the nose while sitting on a couch.
By Vimal Sampathkumar August 23, 2022
Private health insurance is a popular insurance component, but it isn't for everyone. Learn the pros and cons of having it, and decide if it's right for you.
A woman is sitting in front of a laptop computer in a living room.
By Vimal Sampathkumar August 23, 2022
Private health insurance is a popular insurance component, but it isn't for everyone. Learn the pros and cons of having it, and decide if it's right for you.
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