No matter, how small or big your health problem, paying the hospital bills is really painful. It is quite hard to meet such medical costs on your own without burning any hole in your savings. In addition to, some people even may compromise on the healthcare quality due to affordability. This is an exact scenario where the importance of health insurance comes into a play.
Health insurance renders you a space to afford better healthcare facilities for your loved one or yourself. In addition to, you can also enjoy the tax benefits. In this article, you will get to know the importance of Health insurance.
What is a health insurance?
Health insurance is a type of the insurance policy, which covers the cost of the medical treatment and so on. The scope of your medical cover is actually based on the type of insurance policy you have chosen.
Health insurance generally covers the hospitalization expenses acquired because of accidents or sickness. It also covers ambulance cost, pre-hospitalization expenses, recuperation charges, and other charges such as diagnosis, room, surgery, etc.
Things you must know about health insurance
Are you one of those who is availing the health insurance policy for the first time? Well, you should about the following important aspects.
- Apart from offering the health security and safety in future, this policy can help you save your taxes
- This medical insurance plan offers a free health checkup once every four years
- No claim bonus, which means you can get benefits while policy renewal if you have any claim in the previous year. You can enjoy this advantage in the form of getting discount on the renewal premium costs or increasing the total sum assured for your medical plan
- Top-ups insurance work along with your current medical policies and improves it to render a larger coverage at the lowest premium
- Enjoy medical insurance restore and regain benefits when you have used the whole sum insured
Take the advantages of health insurance plan
Because of the skyrocketing inflation, top-notch hospitalization and healthcare become extremely expensive. When you admit in the large hospitalization, it will cost lakhs of rupees and cause a big hole in your savings.
Additionally, it can make you carry the burden of the huge debt. In such case, health insurance plans will help you in taking too much risk and pay hospitalization expenses for you. It also brings high-quality treatment to your budget.