Health is the one aspect in life that each individual should invest and focus on. It is personal, it has long term benefits and, to put it simply, it will make you live longer. Nowadays, sickness, diseases and ailments can strike anytime and exempts no one. With the steady flock of lifestyle choices come the consequencesto one’s health.
In the early days, people can prepare and worry about health issues arising when they hit fifties. Today, health problems brought about by unhealthy diet, lifestyle and unhealthy choices arise in younger generations, and it moves in a rapid pace. This alone is reason enough to invest on a health insurance package as early as now, but here are 6 more reasons why you should invest on health insurance
- Tax Benefits for a Longer Period
Based on the Income Tax Act of 1961, investing on health insurance at a young age will let you have tax benefits for a longer time. Your health insurance payments deducted from your income can be claimed as a premium.
- Better Financial Planning
Not everyone have the money stored and prepared should a sudden health emergency occur, and this sometimes would cause turmoil on the patient’s part because money may not be easy to come by. On the other hand, even if you do have money saved for emergency use, hospitalization costs can be overwhelming.
Having health insurance is the smart way of planning your financial future in terms of health and emergencies. When you have insurance, hospitalization payments will not be done outright. Depending on how much your insurance can cover, you can have less worry on the costs and focus more on getting better.
- Lifetime Renewability
What makes health insurances convenient is that they have options that will best suit your needs. For some, the option of lifetime renewability is available which means you can be covered with insurance for your entire life. This is ideal in the sense, as you will never know when or how a health problem can strike. When you have constant insurance over your head, you can be assured of its many health benefits anytime you need them.
- Employer Cover Is Just Not Sufficient
Employers invest in employees’ health insurance as part of their contract with their employees. As idyllic as it may sound, employer insurances can be, most of the time, not enough to cover your health expenses. It can only serve as a safety-net for sudden health occurrences, but when it comes to life-altering health issues, a personal health insurance will be your biggest helper. In addition, employment may not always be stable, thus it is important that you have a fallback.
- Rise of Lifestyle and Critical Illnesses
Society, technology and media are three of the most influential factors on lifestyle changes. Because lifestyle options spread faster nowadays, with the help of social media, you can change your lifestyle in the blink of an eye and carry with it the unknown negative effects on health.
For instance, sitting in your office desk chair for more than seven hours every day may seem like a harmless routine – you’re sitting down, what can go wrong? However, research say that seven hours or more of sitting down in your office is the ‘new smoking’. There are many other lifestyle choices that may seem harmless but, in reality, pose as high risks for our health. Therefore, it is important that you have health insurance to protect you from sudden health risks brought by lifestyle and critical illnesses.
- Enjoy Full Benefits When You Need
Depending on your chosen package, a health insurance can cover more than just hospitalization. On some plans, health insurance can also cover out-patient cases, routine check ups, laboratory tests and maternity benefits. You can enjoy the full benefits and be taken care of well in the hospital when the need arises.
In today’s generation where investing on something – gadgets, cars, luxury items – is quite easy, one should also look into the importance of health and being protected. You will never know when an illness can strike, no matter how healthy you may be. Therefore, it is most important to invest first of all to your health.
Ryan Varela is the CEO of Boost Health Insurance which provides customized and affordable health care plans for thousands of customers across the United States. Ryan has nearly a decade of experience in the health care industry and continues to serve the greater need to educate and deliver access to affordable options to those who need health care the most.