Health insurance has many advantages. It protects you and your family from financial loss in the same way as home or car insurance. Even if you are in good health, you never know when you might have an accident or get sick. A trip to the hospital can be a lot more expensive than you might expect. So that’s why if you consider a good health insurance plan for you and your family it will be good for you in any mishap or uncertainties. In this guide we’ll guide you how you can choose a best health insurance package in your budget range. Let me show you some facts that based on reality, after reading you’ll must consider this beneficial facility for you and your family.
- The average cost of an adult emergency room is approximately $700, excluding testing, medicine or hospitalization, which can increase the bill to well over $1000.
- Average costs for a baby birth are up to $9000, and over $10,000 for C-section delivery.
- A broken leg can cost upto $7000.
These are very common examples of today’s life, there are many more diseases which can be cause more costly for you. So health insurance can be proven beneficial for you in this kind of mishap. There are two types of health insurance, Individual and family health insurance. Individual plan is for single person (in this plan only payee is covered) and in family plan all family is covered and take benefit in different situations. Let’s discuss some advantages of having health insurance.
Benefits of health insurance:
There are lots of benefits of health insurance in our daily life let’s discuss some major benefits.
- Coverage for medical expanses:
The most important and foremost reason we buy health insurance is to stay protected from unexpected medical costs. It will protect you from financial crisis when you face a health problem in life. It relieves you of the medical costs so you can focus on having a good rest.
- Everyday hospital expanses:
Some insurance companies pay the insured a certain allowance for every day he spends in hospital. However, this only applies after the insured person has already spent a few days in the hospital. The number of days spent in hospital is always specified in advance in the policy and can vary from company to company.
- Tax rebate:
Health insurance premiums paid by the employer are exempt from federal income and wage taxes. In addition, the portion of the premiums that employees pay is usually excluded from taxable income. The exclusion of bonuses lowers the tax burden of most employees and thus lowers their after-tax coverage costs. This tax subsidy explains in part why most American families have employer health insurance. However, other factors play a role, particularly the economics of group coverage.
These all are the benefits of having best health insurance plan now the question is how you can choose best one plan for you? Let’s discuss some important points that will ease us to choose a perfect plan for us.
You can compare health insurance by analyzing number of hospitals covered and quality of hospital. After this you can see the pricing factor and limit range. You’ll see different companies have different plans and pricing with different facilities. Simply you can go through with all top companies in your country and choose best one according to facilities, limit range and prices. I hope this guide will help you to choose best health insurance plan for you. For more information please contact us back. Stay health stay safe!