Health Insurance

Even the healthiest of individuals can fall sick without warning and require expensive medical treatments. In such a scenario, being financially unprepared to tackle the costs of the necessary medical procedures is not an option. This is where comprehensive health insurance plans come into play, to ensure the financial comfort of your family and you. Here is an in-depth look at this handy financial tool that has helped many individuals heave a sigh of relief in their hour of need.

Key Takeaways

• Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
• Choosing a health insurance plan can be tricky because of plan rules regarding in- and out-of-network services, deductibles, co-pays, and more.
• Since 2010, the Affordable Care Act has prohibited insurance companies from denying coverage to patients with pre-existing conditions and has allowed children to remain on their parents' insurance plan until they reached the age of 26.
• Medicare and the Children's Health Insurance Program (CHIP) are two public health insurance plans that target older individuals and children, respectively. Medicare also serves people with certain disabilities.

Why Health Insurance is Necessary?

• To fight lifestyle diseases
• To safeguard your family
• To counter inadequate insurance cover
• To deal with medical inflation
• To protect your savings
• Insure early to stay secured