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Do you love your job as a trader, making a living out of it? However, is the stress of the job creating a toll on your overall health? A simple fact: Traders lose money. According to Forbes, North American Securities Administrators among day traders, 77% of the population lost their money.
There is, however, an exception, about 5-10 percent of traders do make serious cash. They all love the thrill of the hunt, the pressure, the excitement. Whether you’re an average trader wanting to grow in your craft, or a pro in day trading, you need to watch out for your health. There are a lot of stressors related directly to the job which can cause a potentially negative impact on your health.
So, the question is this, should you get health insurance as a trader?
Health Insurance is an absolute necessity
Health insurance isn’t a luxury that only some people can afford. In fact, it is a necessity. Most people make the mistake of not getting health insurance in their 20’s because it is at this age that they feel virile, and at the peak of their optimal health. They prefer a gym membership instead, or going out and eating with friends. However, your personal health is something that you must invest in. Find the time to save extra money to pay for these costs.
Without insurance, having medical emergencies can leave you in financial ruin
Do you know that without insurance, medical emergencies can cost thousands and thousands of dollars, which can leave you in a difficult financial situation, even having a crippling debt? You’d be finding yourself undergoing a difficult time paying for expensive medical costs without insurance, especially if it’s more than one surgical procedure, treatment, or not an overnight hospital stay.
Prevention is better than cure
Early prevention and intervention can be done more likely if you have insurance. It is also an excellent way for you to avoid ending up a severe condition that would make you have more extended stays in the hospital. Furthermore, after being diagnosed with a critical medical disease, it would be much tricky on your part to find health insurance if you haven’t got any in the past.
It’s required
Affordable Care Act requires people in their twenties to have health insurance. Otherwise, you have to face fines. Therefore, at this point, you have to review your options and find an affordable health insurance policy that’s right for you, making you save money in the process as well as get the right protection that you need. Do your research, and stay clear of things that might be too good be true. Chances are, they might be.
The Takeaway
Once you’ve considered these things then, you’re good to go. Having a stressful job of a day trader isn’t easy. Despite all the excitement, and thrill of the job, daily stressors can take a lot of toll on your overall health.
If you’ve recently underwent a situation that caused you significant disability, it is vital at this point to seek the legal counsel of an experienced Los Angeles healthcare attorney. An expert disability lawyer will walk you through with the entire leg of the legal process, help you get the maximum amount of your health insurance claims, and make things go as smoothly and stress free as possible.
Ashley Thompson
Ashley Thompson strives to ensure her passion for reading about the law are reflected through the various pieces that she’s writing. She hopes to apply her years of study into helping explain legal issues to the public. Ashley loves cooking and often cooks for her family during weekends.
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