Medical emergencies are unforeseen and inevitable. Then why don’t people buy health insurance? There are many people out there who do not have got themselves covered under health insurance and end up paying huge amounts of bills at the time of medical emergency. Moreover, besides payment of expensive medical bills, there are some other health insurance benefits as well that most people are unaware of. Read on to find out 5 reasons why you should get health insurance immediately.
Health Insurance Benefits
Here are the 5 benefits you get from health insurance:
1. Prevention Is Better Than Cure
There are a lot of people who think that health insurance premium will be a waste every year if they do not fall ill or if they do not claim their medical insurance. What they are not aware of is that some insurers also provide policyholders with free medical check-ups regularly. With regular medical check-ups available under your medical insurance, you can easily keep a track of your health. Regular health check-ups prevent medical emergencies by helping you take proper measures on time.
2. Payment Of Expensive Medical Bills
At the time of unforeseen medical emergencies , it becomes very difficult for the family to arrange finances. Medical insurance comes as a boon at that time by paying off the huge costs that incur during treatment of the patient. Even if the cost of medical treatment is too high, you won’t have to dig into your emergency funds as the insurance company will take care of your medical expenses.
3. Cashless Treatment
If you have cashless medical insurance, then you won’t even have to worry about carrying cash. You can simply go to the hospital and get your treatment done in cashless manner. There are several cashless policies available that let the policyholder visit the hospital, get treatment and get home without paying anything.
4. Tax Benefits
The benefits of health insurance go beyond protecting us and our family from unexpected medical expenses. Besides paying your hospital bills, health insurance also helps you save tax. Under Section 80D of Income Tax Act, the premium paid for a Health Insurance policy can be deducted from the total income of an individual or a HUF. Read more about health insurance benefits pertaining to tax here.
5. Peace Of Mind
Besides monetary and tax advantages, health insurance also ensure your peace of mind. By getting yourself medically insured, you will be mentally relaxed for future. As this small investment today may help you save huge money in the future.
Note: If is advisable to get medical insurance done at young age. The earlier, you get yourself insured, lower will be the premium to be paid. Buying health insurance at healthy and young age costs much less than insurance at elder age. Adults with health issues are required to pay more premium than the young individuals with no medical problems. Even if you take up a policy at young age, you can get it renewed every year to avail benefits up to old age.
So, what are you waiting for? If you have not got yourself covered under health insurance, then you must get it done right now. Here is how you can get your medical insurance done: