More than 127 million COVID vaccines have reached American weapons, according to the Centers for Disease Control.
But some people are still reluctant to get the injection, either because of its rushed development and implementation or because of general scruples about vaccines.
Another factor that causes anxiety for some is the question of whether getting the vaccine will impact life and health insurance coverage.
The online misinformation has spread the impression that any side effects of the COVID vaccines will not be covered by your current insurance policy.
There were also rumors that getting an injection would nullify life insurance.
If that is why you are postponing the vaccination, you need not worry. Read on to find out how insurers are handling the vaccine and how you can buy coverage with confidence.
Will the vaccine affect your health insurance?
No one wants to receive a surprise medical bill or rejected application, especially when they are recovering from an illness.
If you are planning to purchase an affordable health insurance plan before the closing of open registrations on May 15, you may be concerned about how the vaccination against COVID may affect your options.
Although all vaccines currently available have been rigorously tested before being approved for mass use, they are still new drugs. A certain amount of caution when it comes to your health is never a bad thing.
But the CDC said that all vaccines included in the ongoing implementation are safe and effective, so your insurance provider will not be the only one to stop you from having an injection.
The only way you can be denied coverage is if you become ill before your policy cancels the standard 15 to 30 day waiting period.
That would be unfortunate, but it is all the more reason to block a policy sooner or later.
Will this affect your life insurance?
Recently, a rumor circulated online that a woman was told by her life insurance provider that if she died after receiving a COVID vaccine, her family would not receive a death benefit because the vaccine is “experimental”.
The insurer in question, Manulife, spoke out to deny the claims and clarify that the approved vaccines, which are not experimental, have no impact on claims or future coverage.
But the fears behind the post are real. As Americans have spent the past year facing a pandemic that occurs once every century, being on high alert has become the norm.
In reality, there are very few occasions when your life insurer may deny your claim. The most common reasons involve policyholders to lie or omit relevant information about their claims.
So, if you are honest during the application phase, you will have nothing to worry about – as long as you don’t get sick before your policy releases the waiting period.
Therefore, you can worry-free purchase of an affordable life insurance policy to ensure that your family will be covered if something happens to you.
What about your other policies?
Most people think of insurance as something they need to get just in case. But if you just snapped up the first insurance policy you found, you may be overpaying for hundreds of dollars every month.
The best way to save some money on your various insurance policies is to compare at least three quotes before closing an offer. But this process does not have to be as laborious as it sounds.
Once your health and life policies are adjusted, why not use a quote comparison website to automatically compare rates for other forms of insurance?
Finding a policy for automobiles and a policy for more affordable homeowners can help free up a few hundred dollars more in your budget each month.
With those concerns about vaccinations aside and all that extra money in your pocket, you will soon have more important concerns, like deciding how to spend your surplus.