Health insurance is a product that gives you coverage against all the medical expenses. Right from the testing laboratories cost, hospital expenses to medicines bills health insurance will take responsibility to cover all the medical expenses that are incurred by the insured. Life is full of uncertainties if we have health insurance with us than we have the power to fight against all these uncertainties. Spending hard end money on medical expenses is not the right way to deal with it. Keep savings from your income to deal with the health expenses enables you to live a life with a peace of mind. As early as you opt the health insurance the maximum coverage, you will receive in your earlier days. It is needless to say health is wealth if you want to avoid substantial medical bills in the emergency time then you should buy the health insurance policy.
Salient Features of health insurance:
Pre and post hospitalization: The features cover all the medical expenses during the period of hospitalization like medical bills, checkups, medical reports bills, and room charges, and so forth.
Cashless treatment: In emergency times you don’t need to take favour of your friends and family to arrange money for treatment. This feature allows you to admit at the hospital without paying any single penny.
Surgery and critical illness: This feature is implemented in the health insurance to take care of a policyholder against the life-threatening diseases such as kidney failure, heart attack, cancer, brain tumour and so forth. To include this feature in health insurance, you have to give a high premium every month.
Senior citizen health plan: This feature takes care of older people that are 65 age and cover all their health expenses.
Maternity coverage: This is an optional feature, if you are going to buy health insurance for your spouse then include this feature in the plan.
Best time to buy the health insurance policy:
This moment is the best time to buy a health insurance policy. The sooner you realize that you need a health insurance policy, the higher the benefits you will get when you get old. In order words, the right time to buy the health insurance policy is at a young age.
Benefits of opting for a health insurance policy at a young age:
Low premiums: If you buy a health insurance policy at a young age, the premiums you have to give is relatively lower than buying a policy at an old age.
Duration: If you buy a health insurance policy at a young age, you don’t need to worry about the age limits. You will enjoy the benefits of health insurance for a longer duration of time.
Tax benefits: A health insurance policy comes under the income tax deduction act that is section 80C.
We hope now you understand the importance of health insurance. This insurance plan enables you to leave a life hassle-free and gives you the strength to fight against medical expenses.