Health insurance is a necessary type of coverage surrounded by a lot of myth. Knowing how to distinguish fact from fiction will help you make the best health and financial decisions.
Overview of Basic Health Insurance
Health insurance offers protection against costly medical bills, making it possible for you to get essential care without being overwhelmed by costs. Yet most people believe they don’t need it.
Common myths
Here are some of the common myths:
| Myth | Reality |
|---|---|
| Employer plans are sufficient | Employer plans do not cover all medical needs. |
| Health insurance is for the sick | Everyone needs preventive care. |
| All health issues are covered | Pre-existing conditions may have limitations. |
Consequences of believing these myths
By believing these myths, the same can bring distress during medical emergencies since individuals get drained financially. Costs incurred without appropriate coverage comprise debts which cannot be handled hence inducing long-term financial suffering.
Did you know that only around 20 percent of Indians have health insurance coverage? This underlines the importance of greater awareness about health insurance.
How to pick up the best plan for you
Then, you have to choose a plan which will fit your health needs, budget, and history of your family. Choose a policy that addresses the essential services such as preventive care, hospitalization, specialist visits.
Why to review your health insurance
Time varies; life circumstances change, so do health needs. Change needs to be adjusted in your coverage after reviewing your health insurance.
Let’s take the case of Priya from Mumbai. When she fell sick due to a minor ailment, she realized that the coverage provided by her employer was not adequate. So, she got a very comprehensive health insurance plan that covered all of them. This correct foresight saved her from the financial implications a subsequent hospitalization was going to bring about.
Forget all myths and know why you need it
Financial security: Such insurance will always pay for high costs of medical treatments and visitations, hospital stays and surgeries, and medicines thereby safeguarding the savings in case of an unexpected medical and health emergency
Quality medical care access: Health insurance helps access a network of hospitals and healthcare providers often with cashless treatment thereby ensuring timely and quality health care.
Preventive Services: Some medical insurance plans are issued with preventive care; namely, yearly check-ups, vaccinations, and screenings, all aimed to keep a healthy side of you in check and alert to potential problems early on.
