6 Reasons why you need to get a health insurance

the importance of health insurance and why you should get it

The current covid-19 pandemic has made everyone realize that medical demands are unpredictable and can cause unmanageable financial disruption. With a high rate of infection and no successful vaccine yet, people have begun to understand the importance of having a good health insurance plan. Furthermore, with the rising cost of medical expenses, access to a good medical facility and hospitalization costs can be financially draining. So getting health insurance coverage for you and your family can give you the extra protection you need at times like these. Aside from the obvious benefit of having the financial confidence to care for your loved ones, a health insurance plan is extremely helpful when it comes to combating medical treatment inflation.

Here are six crucial reasons why you should consider getting a health insurance plan today:

Reading: How important is health insurance

1. to fight lifestyle diseases

Lifestyle-related diseases are on the rise, especially among people under the age of 45. Diseases such as diabetes, obesity, respiratory problems, and heart disease, all of which are prevalent among older generations, are now widespread among younger people as well. Some contributing factors to these diseases include a sedentary lifestyle, stress, pollution, unhealthy eating habits, gadget addiction, and undisciplined lives.

While following precautionary measures can help combat and control these diseases, an unfortunate incident can be a financial challenge to deal with. Choosing to invest in a health plan that covers regular checkups can help catch these illnesses early and make it easier to afford medical expenses, leaving you with one less thing to worry about.

2. to protect your family

When searching for the ideal health insurance plan, you can choose to insure your entire family under the same policy rather than purchasing separate policies. consider your elderly parents, who are likely to be vulnerable to illness, as well as your dependent children. making sure they get the best medical treatment, should something happen to them, is something you don’t have to worry about if you have adequate health coverage. Do your research thoroughly, talk to experts to get an unbiased opinion, and make sure you get a plan that provides comprehensive coverage.

3. to counter inadequate insurance coverage

If you already have health insurance (for example, a policy provided by your employer), check to see exactly what it protects you against and how much coverage it offers. it will most likely provide basic coverage. If your current policy doesn’t provide coverage against potential threats, such as sickness or family illness, it could fall short in times of need. And with medical treatments moving ahead considerably, having a higher sum insured can ensure that all of your medical needs are financially taken care of. But don’t worry if you can’t afford a higher-coverage plan right away. you can start small and gradually increase coverage.

4. to deal with medical inflation

As medical technology improves and diseases increase, the cost of treatment also increases. And it’s important to understand that medical expenses are not just limited to hospitals. the costs of medical consultation, diagnostic tests, ambulance expenses, operating room expenses, medications, room rental, etc. are also continually increasing. All of this could put considerable pressure on your finances if you’re not properly prepared. By paying a relatively affordable health insurance premium each year, you can beat the burden of medical inflation while opting for quality treatment, without worrying about how much it will cost.

5. to protect your savings

While an unforeseen illness can cause mental anguish and stress, there’s another aspect of dealing with health conditions that can leave you depleted: expenses. By purchasing the right health insurance policy, you can better manage your medical expenses without dipping into your savings. in fact, some insurance providers offer cashless treatment, so you don’t have to worry about reimbursements either. Your savings can be used for your planned plans, such as buying a home, your child’s education, and retirement. In addition, health insurance allows you to take advantage of tax benefits, further increasing your savings.

6. make sure early to stay safe

Opting for health insurance early in life has numerous benefits. Because you’re younger and healthier, you can take advantage of plans at lower rates, and the advantage will continue even as you age. In addition, you will be offered broader coverage options. most policies have a pre-existing waiting period that excludes coverage for pre-existing conditions. this period will end while you are still young and healthy, giving you the benefit of comprehensive cover that will come in handy if you get sick later in life.

A health insurance policy is an essential requirement in today’s fast-paced lifestyle. Protecting yourself and your loved ones from any eventuality that could leave you financially disadvantaged is imperative. For example, HDFC Ergo My:Health Suraksha and My:Health Medisure Super Top Up offer comprehensive coverage and various benefits that can ensure your financial security. This is because these products cover day care procedures, care in a wide network of hospitals, pre- and post-hospitalization costs, and even ensure the treatment of your mental illness, among other things. With inclusions like these, you wouldn’t have to worry about a medical condition putting a strain on your finances. therefore, do your due diligence and choose a health insurance plan that suits your needs.

*terms and conditions apply. The information provided in this article is generic and for informational purposes only. it is not a substitute for specific advice in your own circumstances. You are advised to obtain specific professional advice before taking or refraining from any action.