Health insurance, we all need it, but we hate to pay for it. It is no secret that the rising cost of health insurance has got us down. We start second guessing thinking maybe we can live without it. Doing away with your health insurance could be the biggest mistake of your life, however.

Health insurance is very important for a few reasons. First, it is proven that those who have it get better healthcare and in turn are healthier. Second, thousands of people every year end up in bankruptcy court due to lack of health insurance.

We never expect the worst to happen, but unfortunately it does happen. Even to the healthiest people alive! We can not predict what genetics and environment may have in store for our health, no matter how healthy our lifestyle maybe.

For these reasons it is important that we maintain at least catastrophic health insurance. Catastrophic health insurance is the bare bone minimum of health insurance plans. It is basically hospitalization coverage. Meant to protect you from the high cost of a hospital visit.