Why You Need A Health Insurance
It is true when someone says wealth is health. Increasing pollution levels, changing lifestyle habits, and other factors can severely have an impact on the health of an individual. Change in lifestyle habits and increase in population can lead to medical diseases and health conditions. There is a rapid increase in the cost of various diseases. Health insurance plan is necessary, and it helps to safeguard a person’s finances against high medical bills. A health insurance plan takes care of all hospitalisation expenses as well as post-hospitalization and pre-hospitalization charges. Below are advantages of a health insurance plan.
A health insurance covers medical expenses. You will not strain on finances when you have medical insurance even when having the best medical care. High medical costs are avoided when you have a health insurance plan. Domiciliary expenses, hospitalisation expenses, daycare procedures and ambulance charges among others are things that are covered by an insurance plan. You will have all the time to focus on recovering quickly instead of worrying about your high medical costs.
An insurance cover against critical illness. Insurance providers are now offering critical illness insurance to either a rider or a standalone. Diseases such as bone marrow transplant, kidney failure, loss of limb and stroke among other diseases despite them being life-threatening diseases. From a predetermined list of your policies, insurance entitles the recipient to get a lump sum amount of money when they are diagnosed with a critical illness. The money given by their insurance after being diagnosed with a critical illness may be used for daily expenses, treatment cost and illness-related issues and any other financial obligations.
You have cashless claim benefits. Companies provide cashless claim facility. With a cashless claim facility, one will not have to pay medical bills by cash. The insurer and the hospital to settles the hospitalisation expenses. You need to be admitted at any insurance network hospital for you to avail this benefit. The cashless facility can only be accessible to people who have their insurance card and a pre-authorisation form.
Providing cover over and above your employees. Most organisations cover their employees using a group insurance plan. With such an arrangement, individual needs and not Taylor made. Your health insurance card will no longer work after changing your employer or losing your job. An individual health cover is necessary such that when you lose your job you still protective yourself.
There are tax benefits. An insurance cover enables you to gain a considerable saving. There are tax deductions that are eligible on your health care policy towards a premium paid. Personal requirements and needs should be the basis of the choice of insurance so that you enjoy all kinds of opportunities.