Health insurance is not inexpensive, thus many people consider not to invest in one especially if they rarely get sick. Then, do we really need to have one?
Accordingly, the answer remains the same. Yes, you do need health insurance. A 2007 study authored by Bovbjerg and Hadley highlighted the importance of having medical insurance and, subsequently, its ranging benefits.
However, many young adults might invalidate its importance due to their current vitality, ergo overlooking the benefits it guarantees. Some of them might reconsider investing in it as they are getting older.
That said, having an early investment in this insurance is highly important. To back the argument, here are three basic reasons why it is salient.
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Health Insurance Covers Unexpected Medical Expenses
Depending on the insurance, each insurance offers dissimilar medical coverage. However, one thing for sure is that it covers sudden, unexpected medical expenses.
To begin with, none of us knows whether we will never encounter sudden, unexpected medical expenses such as coronavirus transmission or traffic accidents. These unpredictable expenses cost you much, even capable of bankrupting you. However, thanks to the insurance, your financial burden will be greatly lowered.
You May Get Regular Medical Check-Ups
Some health insurance covers regular medical check up, in which you can use it to detect any potential diseases in your body. By knowing it early, you will most likely be able to mitigate its harmful effect, or even utterly prevent it from occurring.
Also, if you possess a particular existent condition, you can always keep it in check. Therefore, you might as well not to worsen your condition. In addition, some of them will partly or fully cover your medical treatment.
Healthcare Institutions Can Get You Better Treatments
Some health insurance has partnerships with healthcare institutions. Additionally, the partnerships vary, but most likely they will benefit the insured patients if they ever be hospitalized there.
To some extent, the institutions might prioritize your needs, enabling to deliver you better and more proper medical services. This, accordingly, is thanks to the health insurance institutions that partner hospitals.
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