Top 10 Reasons why Getting a Health Insurance is Important

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Time is very important to us in every possible way. It is the only thing we have; it determines the value of everything. For instance, if we take good time to complete some work and put our hard work on it, it is bound to be good. Well, time determines the value of life as well. Anything can happen to anybody at any given time. Since there are no surety as to when and where something might happen, there is one thing that you can do to make sure that even at bad times, ensure that you are not left helpless at the time of taking care of your and your family’s treatment. Here comes the role of the insurance. Health Insurance is there to take care of the needs of Hospitalization Here is the 10 benefits of getting a health insurance, determining its importance:

10. THE COST MAY BE SKY HIGH, BUT YOU ARE SAFE

THE COST MAY BE SKY HIGH, BUT YOU ARE SAFE

Health industry is flourishing from the results of research and other advancement in its research. Few years back it was not imaginable that robotics through its artificial intelligence will be able to undertake intricate operations and save so many lives. Diagnostic equipment has been developed for the doctors to do their job more precisely. It has resulted in manifold increase in the earnings of pharmaceutical companies. It has also given human beings to take care of the well being of themselves and their near and dear ones. All drugs and other things used for treatment of illnesses, after years of research, are expensive. It may take the lifetime’s savings of an individual to undertake the treatment, and that will put them in dire straits- economically. Insurance companies offer the cover for such eventualities. People facing the risk of health hazard pay a premium which is absolutely peanuts when covered to the risk covered. This is paid for a year.

9. IT’S NOT JUST ABOUT YOU

IT’S NOT JUST ABOUT YOU

Well, the most important thing to any person is their family and making sure that the family is healthy and happy at all times. Now one must wonder that it is fine that I got a health insurance but what about the family they care about? Well, here is the easy answer to this question and that is basically an affirmative answer to your question. The health insurances are not just about you, you may help your family get the timely treatment, if any of them need emergency medical attention. Family covers are provided in many variations. Some have the floater policies for families. Here the base premium is calculated on the most aged and a certain percentage is added as a premium for addition of each member of the family. For instance by paying a small amount of money as premium whole family is covered.

8. ACCESS TO HEALTH CARE AT AN AFFORDABLE RATE

ACCESS TO HEALTH CARE AT AN AFFORDABLE RATE

Health is of primary concern to all concerned. It is the duty of all to ensure that Health care is made accessible to near and dear ones.To make this possible general insurance companies have come out with variations of health insurance. The premiums are reasonably priced so that common people can afford it the concept of health insurance is nothing but one of sharing. Premiums are calculated based on the probability of a certain situation arising in a population and the likely payout needed by the insurance companies. Premiums are equal to the difference and a notional profit. So a small amount by way of a premium gives the benefit of health care of many times over.

7. HEALTH CARE FOR THE EMPLOYEES

HEALTH CARE FOR THE EMPLOYEES

Industries, the world over, employ a huge number of employees. Who are these people? They are the people who are exposed to many sorts of adverse situations as far as health is concerned. Some may fall ill while working for an industry. Labour laws ensure that the employees are provided with proper treatment. Accidents may happen and is it right that employers should leave their employees to take care of their illnesses? No, it is not right. Laws have been promulgated like Workmens Compensation, etc. Health insurance is a social security measure. Most of the employers do take cover for the family members of their workmen, to keep them motivated.

6. PEACE OF MIND

PEACE OF MIND

Now- a-days men are subjected to lots of tension. The fear of something wrong happening to him and to his near and dear ones, subjects him to even more pressure. One of the biggest worry is the health problem. Low premium for Health insurance provides some relief to the otherwise tensed life of individuals.Insured, which has taken cover, knows that he is insured against the treatment of illness. Though insurance cover may at times not cover the whole amount of the bill but it does certainly covers a major part of the cost and therefore the burden is not so unbearable. This assurance gives the insured the peace of mind that the insured so deserves.

5. REGULAR CHECK UPS

REGULAR CHECK UPS

Insurance companies are quiet aware that if the general health condition of the population that they cater are not good then the claim amounts will be woefully big. Such situation can ruin their financial base and may make them loss making organisation. To take care of such a situation each of the insurance companies provides the benefit of a regular health check up at a regular interval, subject to a certain cap. Health check up at a regular interval helps in reducing the incidence of ill health. Thus such incentive encourages the insured and his family members to have a healthy life.

4. AVOIDANCE OF DELAY IN MEDICAL TREATMENT

AVOIDANCE OF DELAY IN MEDICAL TREATMENT

Though medical science has developed rapidly over the years but this does not necessarily mean that they are available to common people at an economical price. In most of the cases it is very costly. Such costs, as usual, do discourage commoners to take timely action. However, when health insurance is affordable it does definitely help in taking timely actions and thus the avoidance of suffering.

3. CASHLESS FACILITY

 CASHLESS FACILITY

Biggest constraint that affects timely treatment is the non-availability of funds. For all sorts of medical treatment cash payments need to be made immediately on treatment. However, if one does not have the fund there will be no treatment? To overcome such a situation the insurance companies have come up with a noble way of doing things. The insured will not need to shell lots of cash from his pocket to meet such situation. The insurers will, directly or indirectly, pay off the legitimate dues to the hospital authorities. Such a benefit is known as a cashless facility. Each hospital has help desk wherein the patient’s family members provide the necessary papers to avail of the benefit. These help desks with the consent of the concerned doctor pass on the request to the insurance company for approval

2. INSURANCE AGENTS DO THE LEG WORK

INSURANCE AGENTS DO THE LEG WORK

Insurance companies appoint agents to do their work of selling health insurance covers. Their job does not end here. They also need to provide after sales service. The services of the agents do come handy in times of need. They are required to guide their clients through difficult period. They take care of admission of the patients to a suitable service provider, get the cashless facility approved and at times they go beyond their limits to help them. They are at times known to give mental support to the near and dear ones of the patient.

1. PREFERRED PROVIDER NETWORK

PREFERRED PROVIDER NETWORK

Hospitalization does necessarily means some tie up of the hospitals with the insurance companies. An agreement is reached by the insurance companies with the hospitals that they will undertake a particular treatment at an agreed price. An open heart surgery or orthopedic surgery to take care of fractures can be undertaken at a pre- determined rate. What it does is lots of paper work is reduced, and the insured has lesser tension. Hence Health insurance gives the requisite freedom from unnecessary worries.

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