It would be more costly on your part not to have a medical insurance. This means that you would have to pay medical expenses such as medicines, hospitalization and doctors’ consultation fees out of your own pocket. Unless you have big savings in the bank, unexpected trips to the doctor or to a medical facility can put a lot of strain in your family’s budget. Not only that, what if you will lose your job and a family member suddenly becomes ill? Who can you turn to for financial help?
Even people with hefty bank accounts secure themselves with a reliable health insurance. It is unwise to touch your savings when someone needs to go see a doctor or be admitted into a hospital for surgery if you can have some health insurance provider pay the bills on your behalf. Having a medical insurance serves as your security in times when money is difficult to come by and someone gets sick and needs medical attention.
Medical insurance can cover up to hundreds of thousands of medical bills depending on your plans or policy. Different medical insurance companies have different insurance policies and the coverage also varies for each plan. So, before you buy an insurance policy, make sure you know what you need. This pertains to the type of coverage that you would like to have-for example a medical insurance that includes a dental plan.
With the recent discoveries in medical technology and treatments, the costs for health care also increase. They may have been relatively lower a few years back but health care costs are not likely to go down in the near future. You need to protect yourself from these costs. Injuries and other illnesses cannot be anticipated and they can cost you a fortune.
Also, you are likely to take care of yourself when you have a medical aid. You will not worry about the money that will be used to pay for the consultation because you can go in and have yourself checked almost on a cashless way.
Not all are lucky to end up with good health insurance coverage, though. Others met rather unfortunate situations where in they lost coverage while trying to transfer to a new health insurance provider. This is usually caused by pre-existing conditions. Some health conditions that are discovered during the period that they were covered by the previous health insurance provider may run the risk of being classified as pre-existing conditions by the new insurance provider. But don’t fret because effective January 2014, according the healthcare law, health insurance companies will be prohibited from denying applicants coverage due to some pre-existing health conditions.
Having pre-existing medical conditions can sometimes fill someone with dread. What if no one will take you or the premium becomes too expensive for your budget because you have an existing illness? Such fears are natural and understandable especially on this case where pre-existing condition is the major contributing factor, but all these should not stop you from getting insured medically.
