HEALTH INSURANCE AND ITS BENIFITS

  5 reasons why insurance matters Why is insurance important? Let’s look at five key reasons. 1.  Protection for you and your family Your family depend on your financial support to enjoy a decent standard of living, which is why insurance is especially important once you start a family. It means the people who matter most in your life may be protected from financial hardship if the unexpected happens. 2.  Reduce stress during difficult times None of us know what lies around the corner. Unforeseen tragedies such as illness, injury or permanent disability, even death – can leave you and your family facing tremendous emotional stress, and even grief. With insurance in place, you or your family’s financial stress will be reduced, and you can focus on recovery and rebuilding your lives. 3.  To enjoy financial security No matter what your financial position is today, an unexpected event can see it all unravel very quickly. Insurance offers a payout so that if there is an u...

  Health insurance Health insurance is a product that covers your medical expenses. Like auto insurance covers your car if you get into an accident, health insurance covers you if you get sick or injured. Health insurance also covers preventive care – i.e., doctors visits and tests before you get sick. In this article: Health insurance basics Who should buy health insurance? Which type of health insurance to buy The different types of private health insurance What are the metal tiers? Key features that decide how much you pay Supplemental health insurance products The 10 essential benefits every health insurance plan must provide How much should a health insurance plan cost? When to buy health insurance How to find an affordable health insurance plan Health insurance basics Health insurance  doesn’t always cover 100% of your costs. In fact, it’s designed to share costs with you up until a certain point, called the  out-of-pocket limit . After you hit the out-of-pocket lim...