Health insurance is a type of insurance that a person buys to protect his health and cover medical expenses. This means, if you need medical services, health insurance can help you pay for medical expenses.
- Financial protection when sick: Health insurance supports the expenses of treatment and medicines if a person faces any disease. This insurance helps provide quick and safe treatment to the person by protecting him from financial burdens.
- Savings protection: Health insurance helps protect savings as it does not require you to take money out of your pocket for the estimated medical expenses.
- Family protection: Health insurance helps in keeping all the members of the family safe. If a member gets sick, he gets the right treatment and the family does not face financial challenges.
- No-cashless treatment: Health insurance can provide the facility of no-cashless treatment so that you can get treatment without paying money when you are sick.
- Tax savings: You can get income tax exemption on health insurance premiums, which saves your income tax.
Overall, health insurance not only provides financial security to an individual but also helps him enjoy self- and family well-being.
Health insurance is needed for several reasons:
- Medical Expenses Protection: It protects you against unexpected medical expenses, which may include hospitalization, general medicine, medical tests, and medications.
- Financial Protection: Health insurance can help you protect yourself against unexpected medical expenses and prevent you from financial stress.
- Vacation Protection: Health insurance can provide you coverage while traveling, or if you work after temporary employment.
- Preventive Services: Many health insurance plans also cover preventive services, such as regular checkups and vaccinations, which can help protect your health.
