Why Do You Need to Have Health Insurance?
A healthy family is equal to a happy family. Everyone puts in their best efforts to make sure that their loved ones are safe and sound. That being said, keeping oneself healthy is equally important. However, even after taking all the necessary health measures, sometimes falling sick is out of your control. The treatment cost, hospital bills, and so on can have a strong impact on your finances. But that doesn’t mean that you or your loved ones should compromise on the quality of medical treatment, right? This is where the role of health insurance begins.
Health insurance is a type of insurance that helps you in taking care of the medical expenses for yourself or your family like spouses and kids in case of a medical emergency. Furthermore, you now have access to information about some of the best health insurance plans available today. This helps you in making an informed decision. Having health insurance is going to benefit you in many ways. These include: -
1.Coverage of Medical Expenses
One of the main advantages of having a health insurance plan is that it covers many medical expenses. Whether it is for you or your spouse and kids, the right health insurance plan will take care of it. Factors like pre-hospitalization expenses, ambulance cover, in-patient care, post-hospitalization expenses, and so on are covered under the insurance plan. Adding to this, some policies also offer annual health check-up which is an added plus.
>> Check: Cashless Treatment in Network Hospitals
2.80D Tax Benefits
Another aspect that contributes to making health insurance important is the tax benefit. Whether you buy a health insurance plan for your parents or yourself, it will help you save on tax. All you have to do is declare the deduction under Section 80D of the Income Tax Act, 1961 on the amount of the health insurance premium, which you have paid towards the policy. However, don’t forget to check the maximum deduction limit for the same.
Waiting in the bank queue to withdraw money to pay for an operation while your loved one is at the hospital under medical treatment can be really frustrating. The best health insurance plans make it hassle-free for you with the facility of cashless hospitalization and easy 2-hours cashless claim approvals. You don’t have to make any payment as the hospital bill will be settled by the insurance provider. However, to avail of this, it is important that you or your loved one is admitted in a network hospital.
Care Health Insurance (Formerly Religare Health Insurance) offers comprehensive health insurance and empowers you to take care of your healthcare expenses without any financial worries.