If you don't think you need health insurance, you're wrong. The fact that life is unpredictable is a good enough reason to have health insurance. There are risks in life. Risk management is a must wherever there is a chance of something going wrong. Insurance is just a smart way to handle risks.
What is health insurance, then? To put it simply, a health insurance policy is an agreement between an individual and an insurance company. The policy will cover a lot of things, like medical tests, prescription drugs, and other kinds of medical care. When a company gives out an insurance policy, it means that the company has agreed to pay for the costs of the benefits listed in the policy. These are called "covered services."
So, if you get a service done that your insurance company doesn't cover but you do it anyway, the insurance company will "deny the claim." When this happens, the person will have no choice but to pay for the service out of his own money. The policyholder can, however, appeal the insurance company's decision by following the instructions in the plan's handbook. But it's best to do that after talking to your doctor about it.
Before signing up for an insurance policy, it is also very important to read the terms and conditions carefully. This is to make sure that you don't put your hard-earned money into a policy that doesn't meet your needs. It's also important to remember that the company, not the doctor, decides what will be reimbursed and what won't. So, even if you have a small question about the policy, you should call the insurance company for help.
When deciding whether or not to buy health insurance, it is important to think about all of its pros and cons. One must realise that the money needed to buy health insurance is very small compared to the money needed to pay for some major medical services. Also, insurance policies may be tax-deductible. If that's the case, you could say that you're paying for your policy with money you would have given to the tax man otherwise. These are some of the ways that having insurance can save you money. Even if you don't think about protecting your family and yourself, the biggest benefit of having health insurance is that it gives you peace of mind, which is a big psychological benefit. With all of these benefits, it doesn't seem like such a bad idea to have health insurance.
