Yugocean
Valued Contributor
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.
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.