Health Insurance | ASIC

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Health Insurance

No one plans to get sick or hurt. That’s the reason why we keep ourselves disciplined by having enough rest, exercising regularly and choosing healthy foods to eat. However at some point, most people need medical care.

There will be some point in your life that you or any of your family members has to go to the hospital. And whether you experience small to considerably large ailment, hospital bills are always a pain. It’s not easy to meet such costs on our own without burning a hole in our savings. Moreover, with medical costs escalating, some even compromise on quality healthcare, because of affordability. It is then that the importance of health insurance comes into the picture.

When you have health insurance, you have the ability to afford better healthcare facilities for ourselves and our loved ones. What’s more, you can also enjoy tax benefits. As the price of medical services go higher and rising rapidly, having health insurance plan is important.

If you don’t have health insurance, medical emergencies can bankrupt you. Of course, medical emergencies are expensive and without insurance, it is easy to find yourself with a crippling amount of medical debt, and seemingly no way out of the hole.

Another reason why you should have medical insurance is for preventive care and early intervention. Prevention is better than cure and minor things can turn to major if not paid immediate attention. When you do not have insurance you avoid going in and getting treated for the little things, which can escalate into bigger things quickly. Preventive medicine and quick treatment is one of the best ways to avoid long hospital stays. And if you have health insurance, you don’t have to worry on your expensive for such preventive measures.

For more on health insurance, read this article from Australian Securities and Investment Commission or ASIC: https://www.moneysmart.gov.au/insurance/health-insurance

This entry was posted on September 20, 2018 at 12:06 pm and is filed under Perth News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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