Why Do We Need Health Insurance?
Top Reasons to Have Health Insurance
Having a health insurance plan is no longer a luxury in the present times of medical inflation but has become a necessity.
The following points feature some of the crucial points why you need to have a health insurance plan:
1.Financial Protection
There is no substitute for a health insurance plan when it comes to providing you with financial assistance during unforeseen medical emergencies. With adequate coverage from your healthcare plan, you can always stay prepared enough to pay for sudden medical expenses.
2.Increasing Medical Expenses
The ever-increasing cost of medical services has resulted in financial burdens for various people who are unable to avail themselves of medical services. With a suitable health insurance plan, you can afford treatments from enrolled hospitals whenever you require them, ensuring medical attention at the right time.
3.Changing Lifestyle
In the present times, most people are leading sedentary lifestyles, where unhealthy food habits and lack of exercise lead to unexpected health issues. It has also resulted in an increase in the demand for healthcare, which also affects people financially. Health insurance plans can cover such expenses, enabling you to take preventive care.
4.Safeguards Your Family
You can opt for a comprehensive family health insurance plan that will cover the medical expenses of all your insured family members. Such plans work best in financially protecting your dependents in case they face any medical emergencies or critical medical treatments.
5.Secure Your Savings
Medical issues are unpredictable, and paying for such expenses unexpectedly can exhaust your savings in a short span of time. You can conveniently prevent these from happening to you by purchasing a suitable health insurance plan.
6.Additional Benefits
You can also get additional benefits by having health insurance, which includes bonus points for every non-claiming year. Along with that, you can get coverage for ambulance costs, periodic checkups, etc., whenever you opt for comprehensive coverage.
7.Early Preventive Care
Some health insurance plans also come with preventive services through which you can opt for checkups. Services like these enable you to detect diseases or illnesses early in life so that you can treat them properly before they turn into serious health issues.
8.Protection Against Emergencies
Health insurance is a crucial safety net that protects you financially during catastrophic health events like severe injuries, chronic illnesses, etc. During critical times like these, your health insurance plan stands as your biggest financial support.
9.Tax Benefits
All policyholders of health insurance plans are eligible to get tax deductions according to the Income Tax Act of 1961. Under Section 80D of the Income Tax Act, you can save a substantial amount from the premiums you pay for your health insurance plan.
10.Peace of Mind
Health issues, injuries, and accidents are some of the most unexpected events of life that not only affect you emotionally but financially as well. Thus, having a suitable health insurance plan can help you prevent such scenarios and stay calm, ensuring you are financially covered at every step.