Your health insurance is you assurance based on agreed terms in case you fall sick or need medical attention. The insured person may have a chronic condition that requires medical care for years to come.
People are anxious to know who will pay for their medical expenses when they get sick. Having health insurance takes care of your health which gives you great peace of mind. In a health insurance you make an agreement with the one who is providing the health insurance. You get health insurance so you are provided protection against costs. There are times when the costs are so high that the sick person is unable to pay the bills. People who are not able to afford medical care will not be able to get the care that they need.
In health insurance your pay a monthly or annual premium, although you should expect that this amount would be far less than the amount you would pay in case you would be ill.
Non-profit organizations, private businesses or government agencies provide the benefit of health insurance. To figure out the cost, the company gets an estimate of the collective medical cost of all the people in the state. Then the risk is divided among the policy subscribers.
It is a reality that insurance companies know that there will be one who will be suffering from huge unexpected health care expense while there are those who will not have any expense at all. Expense is then spread across a large group of people so that health insurance will be much more affordable for all the insured lives.
Public plans are funded by the government. Therefore, they offer extra health insurance to the vulnerable groups like people with disabilities and seniors.
As an example, a person will cerebral palsy needs special treatment through their lifespan. It is understood that chronic illness costs a lot more money than a standard care. The condition of cerebral palsy results in physical impairment that lasts for the sufferer’s lifetime.
IF this condition is to be treated, then it will need many doctor visits, therapies, and long hospital stays. This requires special health insurance based on the degree of impairment. This condition requires the involvement of many health care professionals including vocational therapists, occupational therapists, physical therapists, orthopedic surgeons, radiologists, pediatricians, neurologists, etc.
There are patients that need the services of more than one. There are other patients that need other practitioners like speech pathologists, registered dietician cosmetic dentist or urologist to name a few.
So, as far as the burden of the expenses is concerned, your health insurance offers coverages that can help you get relief. If you don’t get health insurance, then you will suffer financially and you may need help form other sources like charity organizations and community groups. Therefore, it is a good idea to benefit from a health insurance.