What is health insurance?
Health insurance covers the insured person for any medical expenses that arise due to an illness, accident, or a medical condition. These medical expenses could be wide-ranging and include hospitalization expenses, doctor fees, and prescription drugs, among many others.
What are the benefits of a health insurance policy?
There are multifarious benefits of purchasing a medical insurance policy in uae. Read on to understand why it is important in today’s times.
Escalating cost of healthcare
The advancements of and sophistication in medical technology and sciences has also resulted in an increase in the cost of treating diseases. Further, the proliferation of chronic diseases as well as an aging population have contributed to healthcare becoming more expensive.
It is important to remember that healthcare costs do not just include the hospitalization charges. There could be a host of other related expenses such as fees of doctors and specialists, charges for ambulance, medicine bills, and costs of medical tests, which can exacerbate the financial losses occurred in case of a medical emergency.
Thus, a healthcare policy shields you from these rising medical and healthcare costs and makes them more reasonable.
Changes in lifestyle
The sedentary lifestyle coupled with unhealthy eating habits, lack of any physical activity, stressful work schedules, and surging pollution levels has resulted in a massive increase in lifestyle diseases in youngsters today. A few decades back, people in their 20s and 30s suffering from cardiovascular diseases and diabetes was unheard of. However, such instances are commonplace today. Such facts warrant that every person today has life insurance.
Further, the stressful lives that we lead today has led to depression becoming common. In fact, it is one of the leading causes of death today. Health insurance policies also reimburse costs incurred due to mental health issues and illnesses.
Protection for family
A comprehensive medical insurance plan covers not only you but also your immediate family that include parents, spouse, and children. Thus, if a health risk strikes your family, medical insurance serves as a tool using which you can avail the best medical facilities for your family without compensating on the quality of healthcare.
Medical emergency can strike any one
An unforeseen circumstance such as a sudden illness, injury, accident, or a disability can impact anyone at any time. In such a scenario, a medical insurance policy works as a safety net to protect you from financial strains by facilitating your access to healthcare facilities and providing you with effective and timely medical care.
Protection for your savings
When an unanticipated medical situation impacts us or anybody else in the family, a major chunk of our savings are depleted in paying for the medical bills. This has a detrimental effect on our savings, derailing our future plans and resulting in a compromise on other goals. For instance, you might have to let go of a holiday you had planned or default on a home loan you had taken. But, a health insurance policy can help your savings be undiminished.
Access to preventive care
Preventive care is medical care that prevents any disease, illness, or medical condition rather than treating it after it has become severe and worrisome. A few examples of preventive care are annual health checkups, vaccines, immunizations, scans as well as screenings, and flu shots.
Many people that lack insurance forgo availing the care and facilities they need until their condition becomes unbearable. However, a robust medical insurance policy compensates for the expenses arising out of preventive healthcare. Thus, it keeps you from falling sick at all and helps you in living a secure, productive, and healthy life.
Better overall quality of life
The broader aim of a medical insurance policy is to help the insurer not compromise on the quality of healthcare received. When you are insured, you do not hesitate to reach out to the best medical professionals and facilities. Hence, it enhances the quality of life by providing improved health outcomes.
Peace of mind and happiness
A comprehensive medical insurance makes you more happy, relaxed, and at ease because you know that you and your family are covered for any unanticipated health emergencies.
Also, the cashless facility that is provided by most insurers saves you from the burden and anxiety of arranging for money in case of an accident or sudden illness.
In sum, health insurance today is essential to your overall well-being. Companies such as Watania provide comprehensive medical insurance plans to help you live a happy life.