What is health?
Health is wealth. Unhealthy people are unable to achieve much in life because most of the time they are dealing with their health conditions. Most of the things in life can be bought except good health. Therefore, it is good to have an health insurance because you will never know what will happen to you in the next few seconds.
Unlike the past, young people are now buying health insurance policies due to increased health awareness and this makes medical insurance segment to be the fastest growing sector in India.
Importance of Health Insurance
1. Financial security
Medical costs are increasing at a very high rate. Costs such as check-up fees, doctors visit fees, diagnostic fees, expensive medicines and consultation fees all add up to hospital bills. All these charges can be evaded by buying an health insurance policy. Most of the young adults don’t buy this policies arguing that they are still young and healthy not knowing that health problem can arise anytime.
You can get an accident anytime and lacking this health insurance will end up reducing you savings by a large portion. Insurance companies in India offer policies such family floater that covers two adults and two children when they become ill hence you are able to save on medical cost. Moreover, this policy covers expenses such as hospitalization both pre and post hospitalization.
2. Best health care
You and your family members deserve the best health care services. Having an health insurance cover, you can choose the hospital that provide the best health care services rather than wondering on who will pay the hospital bills. It is argued that government hospital in India are cheaper when compared to private hospitals. Yes it is cheap, but cheap is expensive too.
Unfortunately, government hospitals are not well equipped with modern facilities. For example, you can get to a government hospital and pay less hospital bills but you will not get the best health care services and the doctors there might take a long time to attend to your health problem.
This will be a major problem especially if you want to give birth and the doctors are suggesting that you have to undergo an operation yet modern facilities are unavailable. Medical health insurance companies have a lot of hospitals where you can get heath services any time and anywhere a need arises.
3. Tax benefits
Did you know that you save upto Rs 35,000 with the help of health insurance policy? Indian government allow deductions and exemptions from your total income when you have an health insurance policy. According to Income Tax Act, Section 80 D, you can save Rs 15,000 per annum by buying a family insurance, you can also save Rs 15,000 by buying an health insurance for you parents.
Furthermore, if your parents are senior citizens who are 65 and above years of age, you can save upto Rs 20,000. All these sum up to Rs 35,000 that you can save per annum.
4. Support for emergencies
Your health is always unpredictable. You can wake in the morning feeling unhealthy or you can go to your work place and get an accident on the way. This makes it very difficult to control your health because you will never know where, when and to whom the health problem will happen to. All these have been made easier by medical insurance companies.
It is astonishing to find a sick person walking to the bank to withdraw cash then go to the hospital thereafter to seek medical attention. Cashless hospitalization has been introduced, immediately you get ill, pick up you health card and walk directly to the hospital that is in the list of insurance company.
5. Have a peace of mind
The worst enemy to your health is stress. Stress weakens the immune system making you vulnerable to any disease. Hence, having an health insurance will make you feel relaxed and breathe easy because you know that all your worries and fears concerning medical bills have been met.
Some of the health policies have benefits such as covering the pre-existing diseases. Therefore, when you are going to apply this policies, there is no need to worry if the pre-existing diseases will be taken care of.
Are you futuristic enough? Medical costs can cause reduction to your savings if you don’t have an health insurance policy. Buy an health insurance today and tackle life challenges without any fear and worry.