Why You Need Health Insurance
There has been a lot of negative media coverage of health insurance companies, but these stories tend to overlook the value of having health insurance. In short, insurance is a way to avoid expensive hospital bills are on the road, making payments on pre-emptive amounts throughout the year. The customer pays an insurance company a certain amount each month, and in exchange the insurance company pays for doctor visits, medical tests and can cover expenses such as hospital bills and the costs of surgery.
Nobody plans to get sick or injured or need extensive testing and medication, but plenty of people do at some point in their life. Even people that eat right, exercise and have no health concerns may wind up with expensive medical costs due to accidents at work or in a automobile. Hospitals, medication, physical therapy and even counseling may be covered by the insurance company, allowing the patient to focus on healing, instead of how to pay for their treatment.
Illnesses are rarely predictable, and can strike people with little to no warning. While some illnesses are easily treatable, they may not be easily diagnosable. Health insurance can help the patient pay for tests to determine the illness and the cause, as well as the eventual treatment. Many medical tests are expensive, especially when the doctors are running multiple tests, so not having to pay for these tests out of pocket is a bonus to the patient.
Having health insurance can also save on the costs of surgery or medical treatment. It's not unusual for hospitals to accept less money for a procedure from patients with insurance, given that they are more likely to collect the money, whereas someone paying out pocket will probably have to more for the same procedure as the hospital tries to recoup its costs.
One of the largest health insurance benefits is that it provides peace of mind. In the unfortunate event that someone needs medical treatment or testing is not routine, they have to attack your savings account or a loan to pay for it. Insurance is very similar to an emergency fund - to pay a little at a time can pay big dividends when necessary.
Having insurance is also a way to cut through a lot of bureaucracy - insurance agents and adjusters can handle dealing with the doctor and the hospital, saving the patient time and energy. Insurance companies also have established relationships with health care providers that they can call on to get better or faster service.
Nobody plans to get sick or injured or need extensive testing and medication, but plenty of people do at some point in their life. Even people that eat right, exercise and have no health concerns may wind up with expensive medical costs due to accidents at work or in a automobile. Hospitals, medication, physical therapy and even counseling may be covered by the insurance company, allowing the patient to focus on healing, instead of how to pay for their treatment.
Illnesses are rarely predictable, and can strike people with little to no warning. While some illnesses are easily treatable, they may not be easily diagnosable. Health insurance can help the patient pay for tests to determine the illness and the cause, as well as the eventual treatment. Many medical tests are expensive, especially when the doctors are running multiple tests, so not having to pay for these tests out of pocket is a bonus to the patient.
Having health insurance can also save on the costs of surgery or medical treatment. It's not unusual for hospitals to accept less money for a procedure from patients with insurance, given that they are more likely to collect the money, whereas someone paying out pocket will probably have to more for the same procedure as the hospital tries to recoup its costs.
One of the largest health insurance benefits is that it provides peace of mind. In the unfortunate event that someone needs medical treatment or testing is not routine, they have to attack your savings account or a loan to pay for it. Insurance is very similar to an emergency fund - to pay a little at a time can pay big dividends when necessary.
Having insurance is also a way to cut through a lot of bureaucracy - insurance agents and adjusters can handle dealing with the doctor and the hospital, saving the patient time and energy. Insurance companies also have established relationships with health care providers that they can call on to get better or faster service.
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