Health Insurance Health insurance as a tool to avoid overspending

[Yugocean]

A well known phrase is "Health is wealth", this has proved true in both direct and indirect ways.

A healthy person works perfectly and earn more while an unhealthy person have to pay medical bills and spent more. However most people do fall ill multiple times, they directly spend on checkups, medicines, and indirectly spend on travel cost for hospital/chemist; and also their sickness effect their work. There is no way to stop medical expenses, but health insurance will put a mark against overspending.

Health insurance helps in reducing the expenditure on the treatment of various diseases. Since the insured has, in a way, paid the price in advance while purchasing the insurance, he does not have to incur additional expenses while using it.​

 

[btaliat]

One cannot underestimate the importance of health insurance. On average, individuals spend more of his income on health issues either as a way of buying drugs or going for medical check up. All these expenses can be reduced if there I health insurance which a person can only need to be paying premium for the free health check up.

 

[Mika]

Medical expenses are one of the biggest contributors to the expenses for an individual or family. You may be perfectly healthy individuals but you still have to go for dental checkups once in six months, you still have to do urine, stool, blood, etc tests frequently to spot any diseases early one and it costs a lot of money.

 

[Nite]

Health insurance does helps in reducing our expenditure load on all the medical treatments. Out of pocket expenses on health can eat up our savings, also derails our journey of financial planning. In order to avoid these expenses, only one solution is there, and that is investing in the best health insurance plan.

 

[Wisdom01]

But the only thing attached is that you would still need to continue to pay premium ,most especially if you want the insurance company to continue to cover your health risk , and one free benefit is the free checkup thru offer on different basis either on weekly or monthly ,

 

[Yugocean]

@Wisdom01
Every insurance company has its own offers and insurance prices.
But health insurance should be from the such company only which is reliable. If there is information about refusing to accept insurance by any hospital for any reason, then one should never go to that hospital. There are many incidents of hospitals refusing health insurance and overcharging naive people.

 

[Abigael]

I love that you have used the term that one has paid the bill in advance when it comes to using health insurance. Saving money in it is truly an act that helps prevent overspending. Instead of spending the money carelessly, even on things that may cause you health problems, it is better to save it for any health emergencies that may occur.