Reduce Your Debt with Insurance Coverage

When inflation is expensive and interest rates are high, finding financial stability can feel hard. One way to better protect yourself in emergencies and help reduce debt from high interest is good insurance coverage.

Insurance helps protect you from unexpected expenses by paying a small amount of money regularly. If something bad happens, like an accident or damage to your property, the insurance company will help cover the costs, so you do not have to pay for everything yourself.

Insurance can help reduce the stress of interest costs in different ways:

• Protection for Emergencies: Insurance covers unexpected costs, like medical bills or car repairs, so you do not have to use high-interest credit cards or loans if something goes wrong.
• Less Stress, More Security: With insurance, you are at less risk for financial burdens from accidents or disasters, meaning less stress worrying about money.
• Better Deals: Insurance lenders see insured people as less risky, which could mean lower interest rates on loans if you need one and saving you more money in the long run.

Good insurance is about peace of mind and it can help you stay protected when interest rates are high and you want to reduce debt. Whether it’s for a rental home, pets, health, dental or your vehicle, insurance comes in many options from different providers.

It’s your responsibility to review these options and find coverage that matches your personal needs and comfort level. As you review your insurance options, you can learn more about different insurance options and avoid potential scams by checking their status with the Better Business Bureau.

As a caregiver, you have access to affordable, high-quality healthcare coverage through SEIU 775 Benefits Group!*

Open Enrollment is July 1-20. If you’re not already enrolled in coverage, you can apply for individual medical, dental and prescription benefits for $25 a month. Coverage can help protect you in medical emergencies and reduce unexpected out-of-pocket expenses.   

*Retired caregivers do not qualify for Benefits Group health insurance and have different options for coverage. Check out the Washington Health Plan Finder for more information about health insurance in Washington State.