Health insurance offers you coverage of medical or surgical expenses. Nowadays, health insurance is treated as a necessary option that protects you from the sudden bankruptcy due to uncertain illnesses causing financial drainage. Since life-threatening diseases are counting their numbers in a high range, the benefits of a heal insurance are felt more clearly. If you still have a doubt regarding why you need a health insurance, read the reasons below. They will surely make you understand the need for a health insurance.
There is a myth that health insurance is for the ageing people. Accidents and mishaps never tell you when they come. Illnesses are as uncertain as your destiny is.
Being protected from all these odd situations, you need a proper health insurance plan that accommodates your every need satisfyingly. As you know that the cost of treatment climbs up high every day, having a health plan is considered to be the smart move. Below are the reasons that answer why you need a health insurance plan.
Lifestyle diseases are increasing
A sedentary lifestyle is the main reason that put our health at risks. Severe health conditions like health and lung diseases claim lives of young people. This is why having a health plan allows you to opt for the best treatment required to cure such problems. It makes you free of tension as you avoid financial loss. This proves to be a great relief at the time of worse situation.
The cashless treatment option is available
your treatment can be cashless if you purchase a health plan. All you need to do is informing your company prior to hospitalization. The company you are protected under will take the burden of expenses. There are some terms and conditions, though. You have to maintain them carefully to avail the cashless option.
Hike in Medical Treatment
the cost of medical treatment is skyrocketing. With advanced technologies and machines, the modern medication is becoming more and more costly. Life-threatening diseases like cancer, stroke and heart attack require expensive treatments, meeting of which stays out of the hand of common people. In such cases, health insurance plans give you a relief and support you financially.
Emergency Medical Support
a health insurance plan also comes up with an emergency medical support with which you can avail the best of treatment no matter wherever you are. In our busy lifestyle, we travel a lot for both professionally and personally. This emergency plan will help you get the desired medical attention from the hospitals across a country or outside the country. Such plan takes care of both pre and post medical expenses.
Offering Tax benefits
– Section 80D of Income Tax Act 1961 ensures that you get the tax benefits of up to 25, 000 if you purchase an insurance plan. For senior citizens, the tax benefit is extended up to Rs. 30,000.
The reasons above state why you need a health insurance plan. But before purchasing a plan, you need to read the fine prints of a health insurance carefully that includes exclusions and coverage areas of the plan. Checking the eligibility criteria of making a claim is also an important thing. You should not hide anything from the company as it may refuse your claim.