Thursday, September 17, 2009

Why Buy health Insurance?

Your health history is a good predictor of whether or not you might have healthcare problems in the near future. If you've always been healthy, you've got a better chance of not needing medical care in the next year when compared to someone who has a history of being sick all the time.

However, many people who have diabetes, high blood pressure or even heart attacks had unblemished health histories for decades. Then they got sick and maybe stayed sick or even died.

Your good healthcare history isn't a very good predictor of future injury. Anyone can trip on a child's toy and fall down a flight of stairs or have an accident while exercising.

Will Your Car Cover Policy Pay Your health costs?

Your automobile Issurance plan offers limited Insurance for your health bills. Your auto Issurance plan might pay for the health care expenses of those you may injure in an accident. Because of the fact that you can't hold yourself legally liable for your own health care expenses, this Insurance is often inadequate when it comes to your medical costs. Even insurance policies with "no fault" Insurance typically limit this Issurance to a few thousand dollars per accident.

Will Your Employer's Assurance Cover You?

if you are hurt on the job, there is a good chance that your employer's workmen's compensation or liability Insurance will pay your medical bills. But it is the rare disease or sicknesses that will be covered by an job's liability policy.

Of course when your employer provides health Cover for you, many more situations are likely to be covered.

Will A Hospital Treat You Even if You posess No Assurance?

In many situations you can receive medical services from a hospital whether or not you have health Insurance. There are big drawbacks. One is the limitation on the medical care and another is the potential destruction of your credit.

Most hospitals will treat uninsured patients who walk through their doors in the aftermath of heart attack. Most hospitals will treat those who are in need of immediate health care in emergency situations. However, once the crisis is over, they are likely to stop medical care unless you can pay for it.

If a hospital does treat you when you don’t own health care Insurance the treatment won't be free. You will be billed and when you can't pay for your treatment, the event and its cost may hang over your head like a dark cloud for years and years.

Can The Government Pay Your health care bills?

In some cases Social Security or Medicaid will cover your health expenses. However few people qualify. You will find that only particular diseases and disorders qualify for payments from Social Security. Medicaid only covers those who posess very low assets and income.

A car Insurance policy or some other liability plan or the government might cover your medical care costs in some situations. However, only a good health insurance policy will give you the peace of mind of knowing that a disease or car crash isn't likely to ruin your creditworthiness.

1 comment:

  1. If a person is having a good health record then is it necessary to make a health insurance policy ? Its true that the person those who are not physically fit should buy this plan to easily manage all the health costs in near future. Please do provide me some assistance in this regard.
    commercial insurance

    ReplyDelete