The saying “health is wealth” might be a traditional expression. But have you ever considered the relevance of this phrase?
Taking care and investing in ourselves includes getting health insurance. As we age, we can’t deny that our bodies undergo various changes, from our cardiovascular system, bones, joints, muscles, digestive system, as well as our thinking and memory. In general, we become prone to more health-related problems. And as much exercise program, we perform or how strict our diet is, studies have shown that at various stages, our body’s function decline. This deterioration is due to our aging organs, cells, and tissues. This decline also becomes the reason that we can’t easily recover from sickness or injuries. It is this particular reason that we should consider getting medical protection.
Essential Health Benefits
The reason stated above is just one of the many motives why you should apply for health insurance. When you are insured, you have peace of mind. Getting health insurance provides a calm and untroubled feeling, knowing that you have access to health benefits. Most health insurances offer the following in their primary health benefits.
• Preventive and disease management services,
• Hospitalization, Emergency care and Ambulatory services,
• Maternity, newborn and pediatric services,
• Prescription drugs,
• Laboratory services,
• Mental health and substance abuse services, and
• Rehabilitation services.
These services are just the basics included in the plan, you may opt to avail of additional service or choose a plan with more comprehensive coverage.
Preparedness for Expensive Circumstances
Health care can be costly and having to handle it in unexpected situations can be devastating. The Blue Cross Blue Shield of PA explains that it is in these situations that health insurance is beneficial. By paying a monthly premium, your insurer pays for a portion of the covered medical amount. You do not need to settle for the entire medical bill, thus reducing the risk of going into debt or bankruptcy. We cannot foresee our future, but preferably we must be prepared for circumstances of severe accident or illness.
Being a plan member entitles you to the discounted rate that your insurance company negotiated with health care providers. Comparing it with a person with no health insurance, they may pay a fee that is double or even triple what you pay for the same service. For instance, a vaccination for a member maybe $25 instead of $50 for a person with no coverage. Your savings may also vary depending on the medical service to be availed.
If your reason for not having health insurance is because of finances, there are various options available. Health plans vary to cater to your budget and preferences. Some of the common types of plans are HMO, PPO, EPO, POS, and CDHP, with each type addressing a particular need. For example, an HMO enables you to choose your primary care physician while the PPO plan lets you manage your care without referrals. Moreover, insurers offer short-term coverage plans that are ideal when you need coverage until the next open enrollment.
An important thing to note is that getting insurance earlier in life is more beneficial as premiums become more costly as you age. Nevertheless, your health insurance will provide you protection if something happens, whenever it happens.