None of us desires to get unwell or have an injury, but the fact remains, during some point in our life, we do require medical care. That's why we must opt for health insurance. Health insurance provides insurance to an individual for medical and surgical expenses incurred. It can reimburse the individual for illness or injury, or directly pay the medical bills to the hospital. However, the insurance company will reimburse the medical bills only up to the policy limit and is payable only if the insured gets medical aid from a designated network of hospitals.
There are various advantages to obtaining health insurance. Along with covering certain costs, it also offers several other important benefits as mentioned below:
Health insurance covers the primary health benefits crucial to maintaining our health and treating illness and accidents.
It protects us from unforeseen, high medical costs.
At times, we can pay less for covered in-network health care, even before meeting our deductible.
We can obtain free preventive care such as vaccines, screenings, and some check-ups, even before meeting our deductible.