Why Is Health Insurance Important In Our Life?

n health insurance coverage, companies provide compensation for medical expenses. Therefore, having medical insurance will save you from worrying about meeting with unexpected accidents or falling severely ill. Often, health insurance companies have a tie-up with hospitals. It ensures that a person with insurance receives cashless treatment. If the insurance company does not have tie-ups with the hospital, the cost of the treatment is reimbursed.

Importance Of Health Insurance

Everyone should invest in a good Health Insurance App for themselves and their family. Medical treatment can be quite expensive. But health insurance ensures that there is no hole in your pocket due to medical bills. Paying for medical bills becomes even more difficult if the earning member of the family lies on the hospital bed.

A small insurance premium annually can help in alleviating your stress of financial burden during medical emergencies. Any good insurance policy covers doctor fees, medical test charges, ambulance bills, and hospitalization expenses. Sometimes a fraction of post-medical recovery expenses are also covered under an insurance policy.

Advantages Of Having Health Insurance

Look at the advantages of having a health insurance policy and get yours today.

1. Cashless Treatment

An insured person can obtain cashless treatments at different hospitals. Check the hospitals with which your insurance company has tie-ups. Insurance companies work in collaboration with hospitals to enable patients to get cashless treatment.

2. Pre And Post Hospitalisation Expense Coverage

An insurance policy does not only cover your expenses while you are at the hospital. It also takes care of your pre-hospitalization charges. You might be required to undergo medical tests before getting admitted to a hospital. Often, the expenses of the medical tests are covered under insurance coverage.

You will be required to stay in touch with the doctor even after recovery. Insurance policies can also cover the doctor consultation fees after you are discharged from the hospital. The pre and post-hospitalization charges for up to 60 days can be covered by insurance policies. However, it will depend on the insurance plan you have chosen.

3. Transportation Expenses

Insurance policies also help in covering the transportation charges of the insured person. The cost of hiring ambulances will be covered under insurance plans.

4. No Claim Bonus

If you do not make an insurance claim in the previous year, you will be paid an extra bonus. The bonus element offered under insurance policies is quite advantageous.

5. Medical Checkups

You can get free medical checkups under insurance policies. This often depends on the previous year’s no-claim bonus.

6. Tax Benefit

The premium you pay for insurance policies is tax-deductible. Therefore, you will be able to save money on taxes if you get health insurance.

Types Of Health Insurance

Individual Health Insurance

Medical insurance app pay the bills of the person who is insured. Premium depends on age.

Family Health Insurance

Any family insurance plan includes family members under one cover for several diseases. It offers a specific plan for each family member. The benefits can be enjoyed by all the family members or a single member of the family.

Senior Citizen Health Insurance

This is specifically for people over the age of 60. It offers protection against health issues that can stem during old age.

Surgery And Critical Illness Insurance

It is for the purpose of critical illnesses or surgeries. The premium for these insurance plans is quite high due to the high cost of medical treatment required during such emergencies.

Maternity Health Insurance

It covers pre and postnatal care. It also includes the cost of child delivery. The plan includes the cost of childcare up to a certain age.

Personal Accident Health Insurance

It is used to cover medical bills due to an accident. Premium depends on what coverages are included within the plan.

Unit Linked Health Insurance

You can get a unique combination of savings and insurance from these plans. It helps in covering expenses that are not included under the insurance policy.

Final Thoughts

Now, you are acquainted with the importance and benefits of health insurance policies. Choose a reliable health insurance app and select your health insurance plan today.