What Is Health Insurance?
What Is Health Insurance?
Health insurance is a type of insurance where an insurance company agrees to cover a portion of your medical expenses. In return, you agree to pay a monthly rate or premium.
The contract usually lasts for one year, during which the insurer(insurance company) will pay for specific medical expenses related to preventive care, injury, illness, or pregnancy.
Why Do You Need Health Insurance?
Contrary to what people think, health insurance isn’t just for the sick and old. It is for everyone!
Here is why you need health insurance;
1. To keep your savings intact
No one plans on getting sick or in an accident. However, unforeseen illnesses or accidents happen all the time and your health insurance plan can be your safety net.
This way you don’t have to dip into your savings and it can be used for their intended purposes, such as purchasing a home and a car, your child’s college education, or retirement.
2. To get a preventive, routine, or emergency checkup
Having a health insurance plan guarantees emergency treatment, routine checkups, as well as preventive measures like vaccines and screenings, paid for by your insurance company which then provides your hospital with a copy of your medical history in their database.
3. To fight lifestyle diseases
The raise in lifestyle diseases like obesity, diabetes, and heart disease among people below 45 years old is alarming. Some contributing factors that cause these diseases are unhealthy eating habits, pollution, stress, and undisciplined lifestyles.
While taking preventive measures can help fight and manage these diseases, they cannot be totally avoided. Investing in a health insurance plan that involves regular checkups can help identify these diseases early and make it easier to cover medical expenses without breaking the bank.
4. Protection from inflated medical costs
The cost of medical expenses like diagnosis tests, doctor’s consultations, medicine, and operation theatre costs are increasing each day. All of these could put a dent in your finances if you are unprepared. By purchasing an affordable health insurance policy, you can receive quality treatment as well as avoid unplanned medical expenses.
5. To provide the best medical treatment for your family
When searching for a suitable health insurance plan for you and your family, it is advisable that you select one that covers everyone. By so doing, you are ensuring that everyone including your dependent children and aged parents gets the best treatment in case of unforeseen illnesses.
Make sure you do thorough research and reach out to experts to get an unbiased opinion on a health insurance policy that provides all-round coverage.
The Bottom Line
You invest in your education, your family, and your home, it is also crucial to invest in your health. Purchasing a health insurance policy is the best way to do that!
to purchase an insurance plan tailored to your needs and pocket