Why you should buy health insurance plans for your family

health insurance. Without the support of a top-notch health insurance plan, medical bills can easily become prohibitive. Having trustworthy health insurance can be especially important for those who suffer from chronic ailments or have pre-existing medical disorders. “Without health insurance, the costs associated with these types of catastrophic conditions will frequently be higher than what a person could afford to pay out of pocket, leading to large debt or, in the worst-case scenario, financial hardship, and eventual medical bankruptcy," said Khandare.

Amit Gupta, MD, SAG Infotech said health insurance provides people with access to medical care, including preventative services, physician visits, hospital stays, diagnostic tests, and prescription medications 1) Health insurance provides people with access to medical care 2) Some individuals would not be able to pay for these therapies without medical insurance, leading to inadequate or delayed care.

3) Insurance for health care also offers financial protection. Without health insurance, people would be forced to cover all of their medical costs out of pocket, which may be quite expensive People who have health insurance are protected from such unforeseen medical expenses, which brings them comfort and lessens their concerns and anxiety, said Amit Gupta Therefore, securing adequate medical insurance is crucial to ensure that medical emergencies can be dealt with without worrying about the associated financial burden.

According to the National Health Accounts Estimates 2019-20 released on 25 April, a consistent decline in the share of out-of-pocket expenditure in total health expenditure has been recorded from 62.6 per cent in 2014-15 to 47.1 per cent in 2019-20,  This.