raaman
Valued Contributor
Health costs continue to increase from year to year. For some serious diseases such as cancer or heart disease, the medical costs that must be incurred can reach a heavy amount of money. Without adequate financial readiness, this can easily lead to fatal financial problems.
In managing personal finances, for managing financial risks due to illness, you can tackle it by having the right health insurance. With health insurance, financial risk in the form of medical expenses can be transferred to the insurance provider by paying a premium.
What if you want to buy insurance when you already have a disease? The best time to buy insurance is when the risk has not occurred. For example, the best time to buy it is when you are still in good health.
In managing personal finances, for managing financial risks due to illness, you can tackle it by having the right health insurance. With health insurance, financial risk in the form of medical expenses can be transferred to the insurance provider by paying a premium.
What if you want to buy insurance when you already have a disease? The best time to buy insurance is when the risk has not occurred. For example, the best time to buy it is when you are still in good health.