The Importance of Health Insurance
Your health insurance is you assurance based on agreed terms in case you fall sick or need medical attention. This would include chronic conditions that an insured personal may have that requires medical care for years to come.
The most common question that people ask is who will pay for the medical expenses? Having medical insurance assures you that if you fall sick, then the insurance will take care of all your medical expenses. Health insurance is a type of agreement between you and the company providing health insurance. The purpose of this agreement is to provide protection against costs. The high cost of medical treatment makes some people unable to shoulder their bills. People who are not able to afford medical care will not be able to get the care that they need.
A monthly or annual premium is what you pay but usually this amount would be far less that what you would be needing when you get sick.
A benefit that non-profit organizations, private businesses or government agencies provide is health insurance. Cost is figured out by companies by getting an estimate of all the collective medical cost of all the people in the state. The risk is then divided among the policy subscribers.
Insurance companies know that a single person may suffer huge unexpected health care expenses while another person does not incur any expense at all. Expense is then spread across a large group of people so that health insurance will be much more affordable for all the insured lives.
Government funds public plans. This is why they offer extra health insurance to the vulnerable groups like people with disabilities and seniors.
As an example, a person will cerebral palsy needs special treatment through their lifespan. If you have a chronic illness then you will spend a lot more money than a standard care. The physical impairment suffered by a person with cerebral palsy may last for the sufferer’s whole lifetime.
What this condition will require are regular doctor visits, many therapies, and long hospital stays. This requires special health insurance based on the degree of impairment. This condition requires the involvement of many health care professionals including vocational therapists, occupational therapists, physical therapists, orthopedic surgeons, radiologists, pediatricians, neurologists, etc.
There are patients that need the services of more than one. Other patients need speech pathologists, registered dieticians, cosmetic dentists, urologists, and others.
So, as far as the burden of the expenses is concerned, your health insurance offers coverages that can help you get relief. It is very important to get health insurance; otherwise, you will be suffering financial if you have an illness and will need to find help from other sources like charity organizations and community groups. This is the reason why it is important to get yourself a health insurance.