Medical emergencies may be very expensive and usually happen when you least expect them. Investing in a quality health insurance plan is the only way to handle the rising medical expenditures and get through these unanticipated crises. The safety net provided by health insurance allows you to receive the necessary medical care without worrying about the prohibitive prices. You can pursue high-quality medical care without depleting your hard-earned cash thanks to your insurance policy. Yes, there are a lot of reasons why having health insurance is essential. Let’s evaluate each one separately.
1.] Rise in illnesses linked to lifestyle
We now live in a society where diseases are more common due to a sedentary lifestyle, poor eating habits, and elevated stress levels. Once thought to be age-related, illnesses like diabetes, obesity, and heart problems are now more prevalent than ever. The access to healthcare services and financial support required to treat these illnesses are made possible by health insurance. It guarantees that you have the financial resources to pay for the medical care, prescription drugs, and support needed to control and stop the progression of certain illnesses.
2.] Escalating medical expenses
Mediclaim is vital because it helps control the skyrocketing expense of healthcare. Even though medical technology is developing annually, patients frequently bear the expense of implementing and accommodating these newer technologies. Therefore, a straightforward procedure that might have cost you ₹200,000 a few years ago can today cost you ₹500,000. Similarly, costs related to hospital stays, diagnostic testing, physician consultation fees, surgical fees, etc., are also steadily rising. It could be difficult to control these rising costs if you don’t have health insurance.
3.] Availability of high-quality medical treatment
Usually, when you receive a diagnosis, you want to see the best doctors for your care. You might also like to apply for admission to the top medical facilities. You might have to make sacrifices regarding the caliber of medical professionals and facilities if you don’t have health insurance. As an alternative, you could decide to pay for the therapy yourself, but the out-of-pocket expenses might be very substantial. Nonetheless, you have the opportunity to choose the highest caliber medical care options thanks to your health insurance plan, especially if it has a large quantity insured.
4.] Safeguarding the family
The fact that health insurance contributes to the safety of your family is another factor in its significance. Health insurance protects everyone, including your spouse who requires protection from unforeseen health concerns, your dependent children, and your aging parents who are prone to illness. To handle your family’s medical costs, you can choose a family floater health insurance plan. You can be ready for any medical emergency your family may encounter with the financial security that comes with having health insurance.
5.] Handling Medical Emergencies
Health insurance is essential for managing scheduled treatments, but it’s even more important in case of medical emergencies. For example, the expenses involved in emergency bypass surgery for a loved one who has a sudden heart attack can be significant. Hospitals typically don’t start treating patients until you deposit the money. It can be stressful and challenging to come up with a lump sum amount at such already tough times. However, if the patient has health insurance, you can just admit them to a network hospital so that their treatment can start right away.
6.] Comprehensive Coverage
The health insurance coverage includes a range of medical services and treatments. Hospitalization, physician consultations, prescription drugs, diagnostic exams, operations, and after-hospital care are among them. The amount of insurance needed to pay for these costs is also typically high and is based on your age, health, and other individual characteristics. You don’t have to worry about paying a large amount of money to receive healthcare services thanks to the comprehensive coverage and high total insured amount.
