Health is the most precious wealth. Who doesn’t want to stay healthy? You are never pleased when you are ill. You always want to stay healthy. But there are so many factors that can make you ill. A health insurance has become a compulsion due to expensive medical treatments.
What is Health insurance?
Whenever a person gets ill and is hospitalized, the coverage of all the medical expenses is known as health insurance. To get this cover you have to make a yearly or monthly payment which is fixed under the policy released by the insurance company, this payment is known as premium. This premium varies according to the cover. Higher the cost cover, the higher the premium.
Importance of Health insurance-
According to a recent survey, more than 40 million people in India are suffering from coronary arteries disease. More than 50 million are diabetic. More than 30% of the urban population suffers from blood pressure issues. After taking in to account all this it becomes quite essential to have an arrangement regarding any unforeseen medical emergencies. Here comes the role of Health insurance, which will provide the cover regarding the medical expenses. Certain advantages of health insurance are listed below-
High medical expenses-
Medical science is growing day by day. Due to the advancement, the expenses to have occurred in a medical treatment are also increasing. Today a minor treatment can even shake your budget. If you want these expenses to not hamper you financially, you must have a health insurance.
Can go for the best-
When any of your loved ones are ill you want them to be treated by the best medical facility available. If you have a health insurance you won’t think of money rather than you will look out for the best hospital and doctor available. Health insurance will extend your limit from government hospitals to private ones.
One of the major benefits of health insurance is the relief that you get while paying the tax. As stated under the section 80D of the income tax act, you can get a relief of Rs. 25000 per annum if you are having a health insurance. It is a great relief when it comes to paying income tax.
A major problem one faces when a medical emergency occurs is the availability of cash. Many insurance companies have solved this problem as well. You need not carry cash to pay your bills rather the company itself will handle all the expenses incurred.
Due to heavy hospital bills after a treatment, you may not be able to reach your financial goal. Even a small ailment can cause a heavy loss to you financially. This problem is sorted when you are having a health insurance. You can reach your financial goals and do other important things with the many benefits you get under the cover.
After looking into all these benefits of health insurance you can easily figure out that a health insurance is not an optional but a compulsion.
Coverage available under a health insurance-
If you are having a health insurance the cover that you will be getting under it are listed below-
- Patient’s hospitalization expenses-
A health insurance will cover the medical expenses that occur due to the hospitalization of the patient. Causes for the hospitalization can vary from accident to a minor or chronic ailment. It requires a minimum 24 hours hospitalization to get the cover.
- Pre and post Hospital expenses-
Health insurances also cover the pre-hospitalization and post hospitalization expenses. It is included in your health insurance policy of the company you’re opting for. Usually, you get a cover for 30 days before hospitalization and for 60 days after hospitalized. That means you do not have to worry about the pre and post hospitalization expenses as well. Post-hospitalization expenses like medicines and checkups are met by the insurance company.
You must select the perfect health insurance plan for you. Nowadays health insurance companies are also offering cover on the checkups, ambulance charges. You can avail all these benefits if you will have a health insurance plan.
Few Important things to keep in mind-
Health insurance is a must for every person in India. But the major question arising here is, what is best for us? Which policy should we go for? Here are the few points that you should have in mind before opting for a health insurance.
- Chose your agent wisely and you should have a clear idea about your needs. Chose a policy according to your need not just getting lured on the cover amount. Understand each and everything an agent tells you and first enquire them and then only opt for a plan, do not get fooled.
- Never wait for getting sick to get a health insurance. Get it as early as possible. The greater are health issues, the lesser insurance company will pay. So act wisely.
- Always look into the terms and conditions attentively. Different companies have their own terms, so read and understand them properly then only chose a plan.
- Always be aware of the growing inflation and then only chose a plan according to the cover that it will provide.
- Always look for the network of an insurance company. Many health insurance companies have a widespread network, go for them. The main point is to look into all the factors, not just the cover or the amount offered. You must choose a plan which has a network in the nearby hospital.
A health insurance policy provides a cover for the unforeseen medical emergencies. After seeing the number of chronic diseases spreading rapidly and people suffering, don’t wait to get a health insurance.
Be Happy, Be Peppy.
Article Credits: Hafsa Zamindar | Mumbai | India