Reasons to Get Health Insurance
Health insurance is a type of assurance given to you based on agreed terms in case the insured person falls sick or needs medical treatment. Some insured persons need medial care for years to come because of a chronic condition.
The most common question that people ask is who will pay for the medical expenses? Having health insurance takes care of your health which gives you great peace of mind. Health insurance is an agreement between your and the health insurance provider. You get health insurance so you are provided protection against costs. There are times when the costs are so high that the sick person is unable to pay the bills. When this happens the person is not able to get the care that he needs.
A monthly or annual premium is what you pay but usually this amount would be far less that what you would be needing when you get sick.
Non-profit organizations, private businesses or government agencies provide the benefit of health insurance. Cost is figured out by companies by getting an estimate of all the collective medical cost of all the people in the state. Then the risk is divided among the policy subscribers.
Insurance companies know that a single person may suffer huge unexpected health care expenses while another person does not incur any expense at all. Health insurance will then be much more affordable for all the insured lives since expense is spread across a large group of people.
Government funds public plans. Therefore, they offer extra health insurance to the vulnerable groups like people with disabilities and seniors.
As an example, a person will cerebral palsy needs special treatment through their lifespan. If you have a chronic illness then you will spend a lot more money than a standard care. Cerebral palsy may result in a physical impairment that may last for the whole life of the sufferer.
IF this condition is to be treated, then it will need many doctor visits, therapies, and long hospital stays. The degree of impairment will determine if it needs special health insurance. This condition requires the involvement of many health care professionals including vocational therapists, occupational therapists, physical therapists, orthopedic surgeons, radiologists, pediatricians, neurologists, etc.
Some patients need the services of more than one of these medical practitioners. Other patients need speech pathologists, registered dieticians, cosmetic dentists, urologists, and others.
So, as far as the burden of the expenses is concerned, your health insurance offers coverages that can help you get relief. It is very important to get health insurance; otherwise, you will be suffering financial if you have an illness and will need to find help from other sources like charity organizations and community groups. Therefore, it is a good idea to benefit from a health insurance.