Why Buying a Comprehensive Health Insurance is Essential?
While reading this article, if you think that you are healthy enough to skip on health insurance, consider the fact that hospitals are stuffed with patients who are fighting for their lives. Hence, no one plans to get sick. The situation becomes worse when a bread earner of the family gets hospitalized. The treatment, hospitalization, and medication costs can derail your savings and lives. Therefore, you can avoid being in such a situation by paying a small amount for comprehensive health insurance plans offered by trusted brands like Religare Health Insurance. It can save your hard-earned money if you or your family member encounter with any critical illness, chronic disease, or any lifestyle disease. So, if you are still wondering why health insurance is essential, then you can read the below points:
Immediate Cashless Treatment
With comprehensive health insurance, you can avail immediate cashless treatment. During a medical emergency, you can admit to any of the network hospitals. You do not need to wait, and full fill cash deposit formalities in the hospital. Your treatment gets started immediately and your bills get paid at the time of your discharge from the hospital. Hence, with a cashless treatment facility, you can get the best possible treatment for yourself and your family without thinking much about the expenses.
You will be glad to know that health insurance policies offer you maximum coverage. From pre and post hospitalization expenses, ambulance, medicines, surgical, and OT expenses all will be covered in the plans. With health insurance, your treatment costs will be paid by the insurer directly to the hospital. So, you do not need to worry about your finance to start your treatment.
Most of the health insurance companies have tie-ups with leading multi and super-specialty hospitals in the respective cities. Thus, you can choose any network hospital according to your locality and convenience for the treatment. These hospitals are well-facilitated and have highly experienced medical professionals. You do not need to stroll from one hospital to another at the time of emergency. You can check in the list of the network hospitals available online and get admitted for quality treatment.
Bear Recurring Costs
Critical illnesses such as cancer, kidney failure, heart ailment, asthma, COPD, and so on require regular medication, treatments, and chemotherapies. Health insurance policy bears these recurring medical costs that occur due to on-going treatments of such diseases. Therefore, with the health insurance plan, you can ensure the best possible treatment in the present and even after your retirement.
Annual Health Check Ups
Health check-up's costs are skyrocketing and taking a toll on your pocket. A health insurance plan offers annual health check-ups for all the insured members. It saves your bunch of money that you spend on diagnosis and tests every year. With annual health check-ups, you can also keep track of your as well as your family’s health.
Health insurance not only protects your health but also saves your money. Under section 80 D, of the Income Tax Act 1961, you can avail of tax benefits as well. Premiums paid for health insurance for self, dependent parents, children, and spouse get tax exemption up to Rs.60, 000. However, the taxable amount is subjected to your income and age. It also reduces your taxable income and saves your money.
When you invest in health insurance you can make your present healthy and future peaceful. As it covers all your expenses for treatment, so you do not need to spend from your own pocket. You can save that money from now onwards and keep it for a future purpose such as buying a home, children's education, their marriage, foreign tour, and more. You can also keep your money as savings to spend your second innings after retirement happily with your loved ones.
Therefore, from healthcare needs to saving the importance of health insurance is everywhere. Diseases are here to stay and will account for a bigger hole in your pockets. So, to avoid the financial implications of rising ailments, opt for expansive health insurance offered by companies like Religare Health Insurance. It protects you and your family from unexpected high medical shocks.