The Introduction
Many people simply argue that health insurance is not important. The fact is, they cannot be more wrong. The very concept of insurance is to mitigate risk.
This applies to every facet of human life. And, the one place it should be carefully considered is your health. Having health insurance has many benefits. And, why should you take a risk with your health or the health of a loved one?
Yes, it is never a certainty that one will fall severely ill and have to pay huge medical bills. But, illnesses or emergencies do not arise with warnings. And, if you do not have a financial cushion to fall back on, the monumental costs of medical help can be quite crippling.
How does it help to have health insurance?
With the increase in pollution levels in air and water, sedentary lifestyles and unhealthy eating habits, people are far more susceptible to disease than before.
Earlier, conditions such as cholesterol and diabetes were only found in older people. Now, even children are diagnosed with these health issues.
Coverage against medical expenses
But, why does one need health insurance when you can just pay upfront? The reason for this is simple. The exponential increase in the costs of healthcare means that you can get a sizable dent in your monthly budget every time you go for a checkup or buy medicines for yourself.
Health insurance covers you for such instances as it provides coverage against medical expenses.
And, in case of an emergency, the health insurance covers hospitalization costs, ambulance charges, domiciliary expenses, daycare procedures and many more. Hence, one can focus on their speedy recovery rather than worry about the costs that will have to be paid for healthcare.
Cover against critical illnesses
Nowadays, critical illnesses have become common such as cancer, kidney failure, heart conditions, even loss of limbs. The upside to this is that these illnesses can be cured.
But, the process requires time and a lot of money. Having health insurance for a predetermined list of critical illnesses that are covered does help in the long run. In the eventuality that you are diagnosed with any of those covered in your insurance, then you need not be concerned about the exorbitant costs involved in the treatment of these critical illnesses.
Cashless claim benefit
Since healthcare has become such a booming industry, they collaborate with reputable hospitals to provide cashless benefits for their customers. These network hospitals then providea number of facilities at minimum prices including services such as emergency hospitalisation, complementary health check-ups, in-patient care.
Other cashless benefits of health insurance is that you get tax benefits. That is to say, paying for your health insurance can bring you tax relief from your income tax.
It is irrefutable to say that health insurance does not pay off providing you protection in unforeseeable circumstances. If your greatest concern is that you may end up paying too much, you can always look up on the various websites to guide you in choosing the best options for you.
Health Insurance Hong Kong does not only give you reasons for health insurance but also, different plans for different needs.
