Health insurance comes in handy when you fall sick or need medical assistance. It helps reduce the financial burden by paying entirely or partially for your medical bills. While this is something everyone no, not many people agree on how important it is to have a health insurance policy. Our employers or other state-sponsored plans cover most of us. However, a few do not possess any such cover and believe it is fine not to have one.
The reason for this is their belief in one of the many myths that surround health insurance. Here we try to discuss a few such myths and tell you the truth behind the popular belief. +
At the end of this article, you are sure to get yourself a health insurance coverage if you do not already have one.
Myth 1: Healthy People Do Not Need an Insurance
One of the most common beliefs that people tend to have about insurance is that they do not need one unless they’re sick. In other words, they believe that healthy people do not need insurance. However, this cannot be further from the truth. Even those who are healthy and young will need a health insurance plan.
If you get insurance while you’re young and healthy, the premium you pay could be much lower. So, it is always best to get health insurance before you fall sick or get old. The older you get, the higher your risk of developing numerous age-related problems. And thus, your premium is more likely to go up. So, why pay more in terms of health insurance premium when you get the same cover at a lesser cost. All you have to do is get health insurance at the earliest.
Myth 2: A Health Insurance Policy That Has a Large Number of Network Hospitals Is the Best
Everyone looks for an insurance policy that has many hospitals in its network. However, that shouldn’t be the only deciding factor. Remember that the insurance provider can always change the network hospitals. So, let that not be the only influencing factor of your decision. Instead, choose a policy that is perfect for your budget, covers a lot of ailments, and offers maximum coverage to various illnesses and diseases.
Myth 3: You Need to Stay Hospitalized for 24 Hours to Make a Claim
The most popular belief is that people need to stay in the hospital for 24 hours to make an insurance claim. However, this is not always the truth. Until a few years ago, most hospital treatments needed a full-day hospitalization, but with the advancements in medical sciences, most procedures require just a few hours.
In line with these advancements, insurance providers have also changed their rules. So, one would no longer have to stay in the hospital for a whole day to receive a claim. The details on the duration of hospitalization, ailments covered, and coverage is usually available in your policy document. So, do read it thoroughly before signing the dotted line!
Myth 4: Smokers Do Not Get an Insurance Cover
Smoking is the cause of numerous fatal illnesses, including cancer. So, most people believe that smokers do not get an insurance cover. However, this is far from the truth. All that a person has to do is to share their smoking history while getting health insurance. One should also disclose the details of any pre-existing health conditions as it might impact your health insurance cover, premium charges, and claims coverage. Disclosing your pre-existing medical condition is necessary because your insurance provider might anyway do a background check.
And if you have undisclosed health issues at that point, your health insurance might be rejected. Besides that, you also run the risk of not getting an insurance ever as they might blacklist you for fraud. As a smoker, you might have to shell out a high premium cost than non-smokers. Besides that, you will also have to go through frequent and rigorous health check-ups to ensure you’re not suffering from any smoking-related ailments.
We hope those points were helpful and informative. If you do not have a health insurance cover, look up the providers in your region, compare plans, and choose a policy that best suits your needs. In short, you will know which is the best policy for your budget and health insurance needs.