What You Need to Know About Health Insurance With healthcare costs rising astronomically year after year, nobody should be without health insurance. Just one unforeseen medical event, such as a long hospital stay, could result in a financial catastrophe for someone who is uninsured. But it also makes sense to shop around for the best deal—to find the lowest premium for the appropriate coverage. Your challenge is to find health insurance that’s inexpensive, but still offers adequate protection for you and your family.