What is health insurance?
If you have no idea about health insurance, it is a kind of assurance that is offered depending on agreed terms if the insured gets a sickness or his case demands a medical treatment. The insured peron may suffer from a chronic condition that needs medical care for the coming years. Let’s discover more about it.
Who will pay for the medical expenses?
This question is one of the most asked questions by a lot of people. If you get a health insurance, that means that you will enjoy a medical care if your case demands it. Actually, it is a kind of agreement or contract between you and the insurance company. This contract offers you the opportunity to avoid higher costs. Because at some times, you get some higher bills that you cannot pay. As a result, you may end up missing the recover you need. This why it is so important to have a health insurance that will protect you from paying too much money.
Advantages of having a health insurance
While there will be monthly or annual premium to pay, you have to know that the money you are going to spend on paying premiums would be far less than the money you would spend if you are sick and get a medical care.
Remember that health insurance is a kind of service that is offered by a non-profit organization, private company or a government agency. To know the costs, the company estimates the medical cost related to all the people living in the state. Then the risk is shared with the people subscribing to the policy.
As far as the concept goes, the insurance company is aware that there maybe one person who may have higher unexpected health care costs while another person may get no expenses at all. So, the company makes the cost shared equally by a big group of insured people, to make sure that health insurance will be more affordable for most insured individuals.
Apart from this, the government funds the public plans. Which means that extra health insurance is given to those who are in hard situation like disabled and older people.
To have a better clear idea about the concept, let’s take an example. A person who suffers from Cerebral Palsy has to follow a special treatment during all their lifetime. It’s known that a chronic sickness causes a lot of costs than a normal care. Cerebral Palsy may cause a physical impairment that may stay with the patient for the whole life.
To cure this condition, the patient may need continuous doctor visits, a lot of therapies and regular hospital stays. Depending on what kind of impairment, your condition may require special health insurance. There will be numerous health care specialists involved, like occupational therapists, vocational therapists, physical therapists, radiologists, orthopedic surgeons, neurologists, pediatrician and so on.
Some cases may require more than just one service. For example: there may be some people who may even need a registered dietician, speech pathologist, or cosmetic urologist or dentists.
Conclusion
Finally, you can choose to be comfortable with the offered coverage, that can help you live at peace as far as the pressures of the costs are concerned. If you don’t subscribe, you may find yourself in a hard financial situation and you may seek help from charities or organizations. Therefore, it is best for you to take advantage of a health insurance.
