Why is health insurance important?

Why is health insurance important?

Abstract

Having health insurance is important for several reasons. Uninsured people receive less medical care and less timely care, they have worse health outcomes, and lack of insurance is a fiscal burden for them and their families. Moreover, the benefits of expanding coverage outweigh the costs for added services. Safety-net care from hospitals and clinics improves access to care but does not fully substitute for health insurance. These findings are supported by much research, although some cautions are appropriate in using these results.

No one plans to fall ill or get hurt but eventually as you grow old, you will face some kind of medical condition and might need medical care at that point of time.

Not all people have a financially stable background to handle these expenses and hence it is necessary to be well prepared before hand. To curb these expenses, you can opt for a medical insurance policy to make sure that you are prepared in the future.

Below are few important points regarding Medical Insurance :

• Medical insurance protects you from the unannounced medical emergencies
• It covers all the costs starting from ambulance expenses to operation theater, medicines cost etc. which will help you save your money
• You also get one free help check-up on yearly basis
• Other expenses like doctor fees, medical tests, pre & post hospitalization charges are also covered under the health insurance policy
• The hospital bill can be settled in a cashless manner without spending a single penny out of your pocket
• You get to choose from a wide range of network hospitals to get treated in
• You can also save up on your TAX, by investing in a medical insurancepolicy
• Getting a medical insurance policy in early 20’s is advisable because the premiums are low and you have no pre-medical conditions
• Most of the policies offer no claim bonus for every claim free year that you purchase

Keeping these benefits in mind, you can surely purchase a medical insurance policy to be secured in the future.