How Health Insurance Protects You And Your Money

Health is wealth is a common phrase that holds a treasure of health secrets. Though have you ever tried to find out how much does it mean to lead a life that is full of good health conditions and less medical Liabilities?

With the change in time, advanced medical researches have been introduced, which provides globalized awareness for analyzing the health and medical conditions, which helps us to stay healthy. A little self-assessment in our day to day life is important for leading a healthier lifestyle. But what to do if the condition gets worse and it’s not in your control anymore. Then it time to make the right decision and make a PremierChoice. There are numerous benefits of getting a health insurance policy; few of them are discussed below.

PEACE OF MIND

The first and foremost thing that is required to deal with an emergency health problem is to stay calm and make the right decision at the right time. Leaving all the worries and stress behind and focus on the solutions to the problem by selecting the right hospital and required specialist for the purpose.

FLEX BENEFITS

Medical insurance coverage has different programs that can meet our needs. The flexibility in the insurance policy is very important. The more flexible the policy is, the more likely it is going to benefit you in different ways

CRITICAL MEDICAL CARE

Diseases and severe medical problems are kinds of emergencies that bring along great distress. An insurance policy helps in fighting them and ease us up from the trouble of treating by providing the best professional medical care for critical treatment.

EASY PAYMENT PROCESSING

Providing easy and convenient solutions for the procedure of transferring payments to the hospitals or emergency centers on time without delaying the treatment is one benefit that we get from a good insurance policy.

CLAIM SUBMISSION

On an emergency note, the treatment starts on submitting the required amount. The post-treatment hassle of applying for the reimbursement of your amount that you have spent in the treatment is eased by a good health care insurance policy

TAX BENEFITS

The premium paid towards insurance policies are eligible for a tax deduction, and they are applicable if the amount of premium paid in the financial year is 20% of the sum assured amount of the health insurance policy. The premium paid owners of the insurance policy are also relieved form paying tax.

DEFEAT LOANS AND LIABILITIES

Paying for the treatment on our own majorly results in poverty and debt responsibilities. Getting insurance that suits the current financial condition and that covers the benefits required is one way to help in defeating loan debts and other external liabilities.

EXTRA INCOME IN CASE OF ACCIDENTAL DISABILITY

In case of any mishap or any disability that is caused by some accident or some disease can be stressful. But in such a case, if we own insurance policy for health coverage, we have an opportunity to receive that is offered by most of the policy providers. It is proven to be a boon for the policyholders in case of such circumstances.

DAYCARE TREATMENT

We know hospitalization is covered by a few polices. However, there is some kind of treatments that do not require being admitted to the hospital. It includes treatment such as dialysis, chemotherapy, radiation therapy, physical therapy, and lithotripsy, and so on. These are some costly treatments that are customized in your insurance coverage policies, hence providing you benefits on such treatments.

POST HOSPITALIZATION

After getting discharged from the hospital, patients are often prescribed with follow up visits to the consulting physician, tests, and certain medications that become hectic and costly for the patient. Therefore, the policy is important because of its post-hospitalization benefits.

ANNUAL RENEWAL

The standard period for the health insurance policy is effective without any rate change for the same time and for the renewal time. This counts as a benefit for the policyholders.

CASHLESS TREATMENT

The expenditure is supposed to be the most important thing for the treatment. Good health care insurance policy offers the health coverage that does not require cash in advance but rather a cash-free process.

WALK-IN CLINICS

The outpatient departments often become expensive and sometimes unaffordable. One of the services that are provided by the health insurance coverage policy is of walk-in Clinics of the desired physicians and specialists

AWAY FROM HOME COVERAGE

It is often recommended to travel along with some of the prescribed medications and equipment in some cases such as travel oxygen cylinders, nebulizer, blood sugar monitor, blood pressure monitors, etc. These products are pretty heavy on pocket. Insurance policy is efficient in this case as well.

CHRONIC ILLNESS TREATMENT

The diseases that require treatments for a long period for the recovery and have to be taken care of by the professionals are often troublesome for the patient and relatives in terms of expenditure. The insurance policy covers treatments for all such chronic illnesses.

AMBULANCE SERVICE

Healthcare insurance policies offer ambulatory services at your doorsteps that are free of cost and just a call away. In the time of medical needs or emergencies, this proves to be a good deal.

PREVENTIVE SERVICE

With the advancement in the world in the medical field, there introduced a lot many prevention techniques for different diseases that include vaccinations. Preventive medications are to be provided by the insurance provider in the policy that could be heavy on pockets.

THE BOTTOM LINE

Taking care of health is as important as living life itself. Taking good care of ourselves, analyzing our medication needs according to medical conditions is a routine we all must follow. Staying away from things that are causing harm to us is our foremost responsibility to lead a physically independent life. A health insurance policy protects from unexpected, serious, and costly medical conditions giving the low coverage for all of the medical needs. We get free preventive care, checkups, vaccinations, screening, and treatments at the time of need.