Published By: Mohammad Haris
Last Updated: April 07, 2023, 15:22 IST
New Delhi, India
In the event of a medical need, the insurance company will pay for some or all of the medical expenses, depending on the terms of the policy.
Medical emergencies can happen at any point in one’s life. Rather than spending time arranging finances for bills at the last moment, it is always safe to have a backup ready. And, for that, we have health insurance. These insurance policies provide coverage for the cost of medical expenses incurred by an individual or a group.
If you have health insurance, it can also cover a range of medical services, including doctor visits, hospitalisations, surgeries, and prescription medications. An individual is expected to pay a monthly or annual premium to an insurance company in exchange for this coverage. In the event of a medical need, the insurance company will pay for some or all of the medical expenses, depending on the terms of the policy.
This is not only beneficial in providing you relief in case of an emergency but also keeping you tension-free in terms of expenses even when there is inflation in the market.
Health insurance is often provided by employers as part of their benefits package, but it can also be purchased by individuals or families on their own. It can be essential in helping one manage the cost of healthcare services along with ensuring that they have access to basic facilities.
Before buying health insurance, here are three important things you should consider:
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In addition, health insurance can offer peace of mind knowing that you and your loved ones are covered in case of an unexpected illness or injury. It can also help you maintain your financial stability by avoiding medical debt and bankruptcy. Health insurance is a valuable investment in your overall well-being.
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