We see a downtrend in the Covid-19 cases, but it doesn’t mean we’re 100% safe. The Covid-19 virus was first discovered in Wuhan, China, and within 3-4 months, it was announced as a global pandemic. The pandemic has disrupted everyone’s lives; from taking your loved ones to disrupting your financial status, the entire 2020 was a disaster. However, the pandemic taught us many lessons, including the importance of investing in health insurance Plan.
India was one of the worst-hit countries, and people have taken health insurance like the milk packets. Instead of burning the pockets deeply during medical emergencies, it’s better to shell out money for health insurance plans.
Why There Is A Huge Demand For Health Insurance Plans During This Global Pandemic?
Despite good vaccine availability, having a health insurance is advantageous in the longer run. The health insurance plan is like a financial cushion for your entire family in the case of medical emergencies.
There is no doubt that having a family health insurance plan is beneficial during this global pandemic. People have also understood the importance and started investing in health insurance plans. On the other hand, the health insurance providers have developed new insurance plans and modified the policies for the consumers’ benefit.
Below, we’re mentioning the reasons why you should invest in the health insurance plan.
Get Comprehensive Medical Coverage Health Insurance
Medical emergencies are always unpredictable; thus, many people prefer to opt for health insurance. Investing in health insurance protects your family during medical emergencies and provides comprehensive medical coverage.
Apart from Covid-19, you can use your health insurance for other major disorders. The objective is not only to protect yourself from Covid-19 but from all the other diseases.
We understand your priority is staying safe from Covid-19 during these difficult times. As a result, look for an insurance plan that also provides medical coverage against this deadly disorder.
High Medical Expenses
During the global pandemic, healthcare workers and hospitals are under constant pressure. One fine day the cases of Covid-19 will come down, and most people will be vaccinated.
Will the healthcare facilities still stay under pressure? Yes, because before the global pandemic, hospitals were flooded with patients, which will happen post-Covid-19.
Nevertheless, the treatment costs in the upcoming years will definitely increase because of the consumable charges. The prices of PPE kits, medical pieces of equipment, and other essentials have dynamically increased.
However, many good government healthcare facilities provide free medical services. But, not every time you can rely on public healthcare facilities.
Here, your health insurance plan will become your savior. When you select your health insurance appropriately, you don’t need to worry during medical emergencies. Ensure that your desired health insurance plan should cover the medical expenses of your family members too.
Various free online services allow you to select the best health insurance according to your overall family needs.
Protection Until The Last Breath
The current global pandemic is coming to an end day-by-day, and the situation will be stable.
The risk of getting infected from the Covid virus decreases, but that doesn’t mean you won’t fall sick. As already mentioned above, medical emergencies can occur anytime, and you should be well-prepared for them.
In simpler words, you need to choose a health insurance plan that provides lifetime protection. Earlier, the coverage gap placed by the health insurance companies was 60-80 years. However, many health insurance plans come guarantee lifetime protection to you and your family members.
One thing you should understand, getting a health insurance is very easy. With just a few clicks, you can get your health insurance plan in less than five minutes. But, your objective should be to get a health insurance plan according to your medical needs.
You Get Some Tax Benefits
Have you ever wondered that you can save tax by using your health insurance plan? Yes, your health insurance plan can also give you some tax advantages. If you read the income tax policies, the premiums you pay to the health insurance provider can be exempted and considered for tax deductions.
Many people don’t know the tax advantages associated with the health insurance plan. You get the tax write-off advantage when you’re spending your hard-earned money on the premiums for you or the other members listed in your health insurance plan.
If you don’t know the tax benefits associated with your health insurance, research online or seek assistance from your chartered accountant.
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Get Some Rider Advantages
Are you wondering what the rider advantages are? Riders are like some additions you can make to your current health insurance like long-term care, elderly care, accidental death, premium waiver, etc.
For instance, if you already have a health insurance plan, it probably doesn’t have the Covid-19 coverage. So, now you can ask your health insurance company to add Covid-19 as the new rider to your current plan. The insurance company either adds the rider for free, or you’ve to pay a minimum premium amount.
Instead of purchasing a different Covid-19 health insurance plan, you can ask your health insurance company to add the required rider to your current plan.
Instant Coverage During Medical Emergencies
We don’t have to explain that medical emergencies are often unpredictable. You might have to knock on the hospital’s doors in the middle of the night. During such situations, you must have a good amount under your belt.
If you live in semi-rural or rural areas, you might have to search for transportation modes to reach the nearest city. As a result, getting instant coverage within a couple of hours is imperative during medical emergencies.
Final Thoughts – Health Insurance
Forget about the global pandemic; it’s your responsibility to care for yourself and your family members. By investing in a health insurance policy, you don’t need to worry much during medical emergencies. Your future and financial status are uncertain, and your health needs will change rapidly.
Believe it or not, your health insurance will become your savior during medical emergencies.