Ever wondered why health insurance is that necessary? The answer is straightforward; if you somehow end up having heart disease, stroke, or a chronic disease, health insurance can be lifesaving. A health insurance plan helps you in receiving proper care, which means you don’t have to stay in the hospital for long as you get the best healthcare services that are listed under your plan. It allows you to lead a healthier and longer life as compared to people who don’t have health insurance.
Health concerns like stroke and heart diseases cost an arm and a leg; such conditions are a significant cause of medical bankruptcy. If you tend to have high-quality health insurance, it will help you avoid substantial medical bills, and you can get access to better medical care. As per the medical insurance policy, the insurer square accounts with the expenses borne by the policyholder on injury and illness or directly pays off to the care provider. So, yes, it is essential to have medical insurance, but a brief understanding of the question ‘why’ as per your health situation could maximize the outcome.
As of today, especially with the ongoing COVID-19 pandemic, buying a medical plan is no more an option; it is a necessity. With all the expensive testing and the quarantine facilities made available at the hospital, you have no choice but to opt for one; a lone man cannot bear such high expenses. In the time of need, like the current state, who knows when you might need it?
As you grow older, the risk of having a disease tends to go higher; you are more likely to get affected by a virus or disease at an older age, which increases the need for medical attention. Senior citizens aged 50 and above need to hold medical insurance as protection against any health disorder.
In case your employer does not offer a medical insurance plan, or you did not want to apply for the government insurance plans, it is never too late to go for private health coverage plans.
We have listed down some basic ‘need-to-know’ points for you before taking up a decision.
Medical emergencies are expensive
Medical emergencies are costly. In the case of a misfortune of a medical emergency without health insurance coverage, you will find yourself in a jeopardizing situation due to the amount of medical debt without having an easy way out of the mess.
If you still think that you take better preventive care of your health, then the argument doesn’t apply there; what’s the worst that could happen? What if that worst is missing the last stair at home thus causing a dislocation of an ankle, or having a car accident ending up with some serious injuries. All this that you might think is a minor detail, it actually can cost you thousands of dollars, and can take a leap even higher if you need surgery or any kind of rehabilitation. Emergency surgeries like appendectomy can cost a lot.
Since you would be laid up, working is out of the question for you, missing out on your monthly salary is also a huge possibility. Living without health insurance is not as easy as it seems; there will be times when you would regret not having one.
Early intervention and preventive care
Without insurance, you won’t pay any heed to treat minor health concerns, which also has the possibility of ending up into a bigger problem very quickly. Medicines or quick treatment are the best ways to avoid expensive prolonged stays at the hospital.
Having insurance will make you worry about this a lot less. In case you avoid going for treatment and eventually end up developing a serious medical condition, you will find it difficult and stressful to search for insurance if you haven’t had one.
What plans suit you best?
Let’s be clear; having health insurance does not make it a ‘luxury’; it has now become a basic necessity. If you are planning to opt for health insurance, but you are indecisive about what works for you, these are some questions you can ask yourself to find out:
- How good is your health? Does your daily activity or job engage you in risky situations like sports or construction workers? The insurance for you is based on your everyday health risk level.
- How often do you visit the doctor? How many times did you visit last year or spend money on lab work, urgent care, and medicines? Adding all of this up will give you an idea of your annual health care needs.
- What are your priorities? Would you want to opt for a lower monthly premium?
- What are your coverage needs? Skim through all of the available insurance plans and select the one that caters to your needs better. Remember: the cheapest plan may seem attractive at the start, but it is not necessarily good enough for you.
- Can an opinion from an expert help you choose? For some people, finding the right health insurance can be overwhelming. That is when the insurance agents come in handy. They can help you sort out through the options and get you the plan that could be specially designed for you. Look for an independent agent who can get you competitive quotes from health insurance companies.
With time, there will be many diseases and viruses that might surface. It is better to take precautionary measures beforehand by signing up for health insurance. You may think that you will not need it, but the truth is that you do. It’s never too late to make a decision for your health.