Life is not always like what we want, and sickness keeps coming in to invade your perfect health. It does not matter how much healthy food we have or exercise. We do get hit by normal flu and colds. But you can’t predict what’s going to happen the next moment. It would be safe to say that life is as unpredictable as your boss at work. Or even more than him. Importance of Health Insurance
You can’t always dodge a disease or a deadly virus. But someday, you do get infected, or a serious illness comes your way. It is a fact that our first stop would be a hospital and a doctor to get ourselves properly checked. But in return, what do we get? A whole list of tests, medicines, bills, prescriptions? The total amount would make a hole in our pockets. The inability to invest money in our treatment becomes difficult.
What can we do? Take Health Insurance!
We have heard numerous times about health insurance, but some do not have much idea. Let’s dig into what it actually is.
What is Health Insurance?
When you don’t have enough money but you need a medical check-up, that’s where health insurance comes. It is a kind of insurance that covers all your surgical and medical expenses. It saves you from bankruptcy and many other financial issues.
Today, medical treatments and check-ups are not affordable for everyone. Many people are on the brink of losing their lives. They might not have enough money to get a proper check-up or treatment. Health insurance companies are often in a partnership with a particular hospital. Even if they’re not, they cover all your expenses.
What Are The Types of Health Insurance?
The government of your country is in charge of providing a few health insurance programs to ensure the health of their people. Importance of Health Insurance.
There are two types of federal health insurance programs.
- Medicare: This type of program is for people who are 65 or above. It includes people under 65 with a disability.
- Medicaid: This program is for financially weak people with a low income.
- Private Health Insurance Programs: Many private companies provide health insurance to people. They are separate from the federal programs.
- Child Health Insurance Programs: This program is for children and families who are not eligible for Medicaid programs. But, due to financial problems, they can’t afford private health insurance. The government determines different factors like wages, age, etc.
Cost of Health Insurance Plans
The government fully supports federal health insurance programs when it comes to public health insurance programs. The insured doesn’t have to pay any premium amount every month. But, the government has to keep a check if the family or an individual is eligible for the insurance program.
The private health insurance programs are either employer-sponsored individual plans. Employer-sponsored insurance provides healthcare facilities to the employees. The employer deducts the amount from their monthly salary. The only drawback is that you lose their healthcare program when switching jobs.
When a family or an individual purchases health insurance separately, this is called an individual insurance program. The cost of such plans varies according to the insured’s services.
Why is Health Insurance Important for Me?
Have you ever thought about why health insurance is important for you? What benefits would you get by getting yourself insured?
As we all know, life is not at all predictable. Sickness and accidents can come at any time, day, and anywhere. You wouldn’t have to worry about finances when you insure in a health insurance plan.
Let’s talk about why it is actually important for you!
Benefits Of Health Insurance Plan:
Smooth Treatment: If you get hit by a car or a disease, thousands of bucks are spent on medical expenses. Some of you won’t be able to bear those expenses. That’s where health insurance comes to save you from getting bankrupt.
- Annual Check-ups and Vaccinations: Your health insurance plan covers yearly check-ups and vaccination shots. Yearly check-ups might also keep you safe from getting seriously ill. It rules out the possibility of any serious illness.
- Includes Room Expenses: When you’re admitted to the hospital, you also have to pay your room’s bill. Depending on the monthly amount of health insurance, they might also cover your room expenses.
- Transportation Charges: Your health insurance also covers the ambulance’s charges when you’re insured.
- No Claim Bonus (NCB): You get a bonus from your insurance provider when you don’t claim any health expense the whole year.
We have discussed many benefits and the importance of health insurance. It’s better to save your family from any financial or health crisis by enrolling in a health insurance program. Your worries won’t affect your health more when health insurance is at your back.
