When you have a family, you face several responsibilities for their safety and well-being. One of these is their health. Health insurance is the best way to access affordable, quality healthcare.
It will help you with everything - from the costs of regular check-ups and medication to unexpected medical expenses in an emergency. And these are not the only benefits your family can look forward to.
Secure your family’s future with health insurance to enjoy these seven benefits.
1. Comprehensive Coverage
If you’re looking for comprehensive health coverage for everyone in your household, family health insurance is the answer. Rather than paying a premium for each family member, you’ll pay one premium and all enjoy the health benefits.
Comprehensive coverage offers more extensive coverage, from preventive health to emergency medical care. Both in-patient and outpatient procedures are covered, as well as medications. Although regular plans cover a range of services, comprehensive coverage gives you total health security.
2. Financial Security
Financial security is crucial when you have a family to support. However, life is unpredictable, and an accident or medical condition can deal a heavy blow to your finances. If you aren’t prepared, you'll have no choice but to rely on your immediate income or dip into your emergency savings.
With health insurance, you won’t suffer total financial ruin. You won't have to rely on your life’s savings when the unexpected happens. An affordable monthly premium will be the difference between financial disaster or security.
3. Access to Quality Healthcare
When it comes to your family’s health, only the best will do. That’s why you need health insurance. Too many people risk their health by going without it. The problem is that without the safety net provided by a health plan, you may find yourself at the mercy of inadequate health services.
When you get your family covered by a good health insurance plan, you all have access to quality healthcare. You’ll never have to worry about where to go for your family’s healthcare again. The best in medical technology and innovation, paired with the highest level of care, will be available to you.
4. Preventive Care
Any doctor will agree that it’s much easier to prevent illness than to treat it. Eating healthily and getting regular exercise will help, but they are not a guarantee of continued health. Chronic illnesses, cancers, and heart disease can creep up on you with little warning.
The prognosis is also better when chronic illnesses are detected in their earliest stages. Unfortunately, one often doesn’t experience any tell-tale symptoms until these diseases have progressed. But you don’t need to wait until it’s too late.
Fortunately, most health insurance plans include various preventive care services that screen for illnesses and identify issues before symptoms develop. This allows for early medical intervention, which greatly improves the chances of a full recovery.
5. Peace of Mind
You can’t put a price on peace of mind. Modern living can be stressful, which leads to more illness. It’s a vicious cycle, but the cycle of stress and its negative effects can be broken with health insurance for your family.
Having health insurance means one less thing to worry about and one more thing to smile about. You can enjoy your life to the fullest with the security that your family’s future will be safe and healthy.
6. Emergency Coverage
No matter how careful you are, accidents happen. Do you know what to do if you or a loved one has a medical emergency? When you have emergency coverage as part of your health insurance, you’ll know exactly what to do. You’ll go straight to the nearest hospital and get the help you need.
There are different types of health plans, some of which have a preferred or exclusive health provider network. However, these networks are quite extensive, and you will almost always be able to find one of the network doctors or hospitals near your location.
7. Tax Benefits
If you’re concerned that you won’t be able to afford it, here’s another great benefit you need to know about. You can receive tax benefits when you have health insurance!
In the U.S., low income is not a barrier to health insurance. Subsidies are available in the form of tax credits for eligible policyholders. Tax benefits for health insurance members are not exclusive to the U.S., though. It’s common in other countries, including India.
In India, individuals with health insurance can receive several tax benefits under Section 80D of the Income Tax Act. As an insured taxpayer, you can claim a deduction on the premiums paid for your family’s health insurance.
Reviewed by