8 Reasons to Buy Health Insurance
Today, health insurance is not a luxury. It is a necessity. This type of insurance provides insured individuals with financial backup if they have medical emergencies. Although we can’t know when we will be sick, we can always be prepared the financial aspect of it. If you are still undecided whether to purchase insurance or not, consider the reasons below.
1. Lifestyle Change
One of the major reasons why insurance is important is due to changing lifestyle. When your lifestyle change, you become more prone to various health issues. Food quality, wrong eating habits, commuting, busy work schedules as well as the increasing pollution level. All these contribute to the increase in the risk of developing health issue.
2. Medical Cost Increase
It is a fact that the medical costs have increased significantly lately. Consequently, if you are insured, you will have to pay a lot of money if a medical emergency happens. Lots of uninsured people spend their life savings just to pay medical costs. Insurance can prevent this from happening.
3. Before and After Hospitalization Coverage
Health insurance covers many things, not just the regular medical costs. Many of the insurance also cover medical costs such as diagnostic tests and out-patient department expenses. Diagnostic tests are very important these days as they can detect serious health issues early on, thus allowing for early treatment which has a higher success rate.
4. It Is More Expensive Not to Have Insurance
Many people think that insurance for your health is expensive. Yet, in the long term, not having insurance is proven to be much, much more expensive. Take, for instance, open heart surgery. Open heart surgery costs about $324,000 for one procedure, which is really expensive. With insurance, at least you don’t have to pay the full amount.
5. Better Preventive Care
Insurance also covers annual check-ups and diagnostic tests expenses. Due to annual check-ups and diagnostic tests, insured people will know early on in case they developed serious medical conditions. Since some serious medical conditions can be treated if they are caught early, insured people will have better preventive care than those who are uninsured.
6. Additional Benefits of Insurance
If you are insured, you will have various additional benefits. For example, coverage for vaccination, health check-up, day-care surgeries as well as ambulance coverage expenses. Besides the medical cost coverage, these benefits are of course very helpful not only in your daily life but also in case of emergency situation.
7. Not Having Insurance Affects Everyone
Many uninsured people chose not to get treated until their health condition becomes worse. Many of them end up getting the care they needed in the emergency room. Due to this, the large medical bills from the doctors and facilities are often left unpaid. To cover for the deficit, lots of hospitals charge more for the services they provide.
8. It Is Required
Last but not least, having health insurance is required in some countries, including the U.S. If an individual does not have it, they will be fined. Of course, it is always better to choose to be insured rather than face fines because you are uninsured. Better to protect yourself with insurance than pay fine.