For our young adults, you may wonder why a lot of older adults nag us about getting health insurance — why do you need health insurance and is it really necessary? Is it just another added expense for us or will it really help us in the end? What are the benefits of health insurance?
By definition, health insurance is “insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.” This is from Wikipedia. In addition, most health insurances includes losses from accidents, medical expense, dismemberment, disability, and etc. Knowing all that, we conclude that it is a great service to get for ourselves and our family but the question is, is it really needed?
Those individuals who do not have health insurance will most probably spend more and receive less. They have worse health outcomes. Health insurance are great when unexpected accidents happen and you may find yourself in a tricky situation. For example, you are one of those who live day by day and can’t save enough money for an emergency fund, you may have a hard time looking for money to spend in the hospital and the medical expenses. However if you have a health insurance which you pay monthly or annually, you will not be bothered by unexpected accidents too much since you are sure that your health insurance will be able to cover it.
A GOOD HEALTH INSURANCE WILL BE ABLE TO GIVE YOU A SENSE OF SECURITY. Like I stated above, unexpected accidents can happen which can rock your boat. If you have a health insurance you will be able to predict your monthly expenses because the amount you will pay is fixed already. Thus this will allow you to budget your money wisely. You will also be able to give your family a sense of security (also for yourself) that when they get sick or encounter an accident, they will be able to receive the best care and medical services available to them.
KNOWING THAT, A GOOD HEALTH INSURANCE WILL ALSO BE ABLE TO GIVE YOU A PEACE OF MIND. Since you have signed up for health insurance to cover you, you won’t go through each day with fear in your mind. If you have a family, you will always be thinking about their health and safety. If someone in your family is sick, you’d want to be able to give them the best medical care that you can afford. Having a health insurance will be able to help you with that.
THERE ARE ALSO GREAT PAYBACKS WHEN IT COMES TO HEALTH INSURANCE. Sometimes, you will be able to get some money. Of course, this is great for your financial status.
What does a health insurance normally cover? A normal health insurance usually covers payments of benefits such as the result of sickness or injury. However if you want something else or for it to cover some more, you may talk to your health insurance agent about it. This might mean that you will be paying a little more than you normally would.
Here is a personal testimony of a young 28 year old man: “I wasn’t sure about getting health insurance at the beginning. I was a struggling salesman and I wasn’t sure if I could pay for the monthly fee. However, when my young infant suddenly became sick that was the time when I said to myself that I should’ve gotten that health insurance when it was being offered to me. I figured that a fix monthly fee of 18 US DOLLARS was better than suddenly having to pay hundreds more. I lived with my salary day to day which was really hard to save up and prepare an emergency fund. Once my baby got better, I immediately signed up for the best health insurance policy I could find. Now I no longer have to worry. I know that my family and I are covered and we have someone to watch our backs in case of sickness and sudden accidents.”
Based on the testimony, we can conclude that the benefits of securing a quality health insurance plan extend well beyond ourselves. The added sense of security knowing that your family becomes accounted for is something a lot of people look for and prioritize when looking for a suitable health insurance plan.
In hind sight, instead of pondering, debating, or even arguing about why we should be investing in a solid health insurance plan, maybe we should be asking ourselves why we haven’t gotten one already? Like any investment, this isn’t exactly the sort of thing you’d want to delay getting, as the whole point of the health insurance is to get as much support and coverage as possible for any future expenses incurred by unforeseen circumstances.
There aren’t many downsides to getting a quality health insurance plan. Unless you sign up with a faulty or shady agency, there isn’t much of a reason to not get a health insurance. As the saying goes, health is wealth. You can never go wrong with investing in your health, and as we’ve mentioned earlier, even your family’s as well. Some of the only things you’d like to take note of are the available agencies and services within your area. Make it a point to exercise due diligence when doing your research and ensuring that you’re getting the most reasonable and cost-effective packages for the packages or plans you intend to invest in. Best of luck in your pursuit of health security and happiness!
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