What Happens When You Don't Have Health Insurance
The importance of health insurance is what we hear every day but did you ever wondered what will happen if you actually do not get health insurance? We are all conditioned to believe that one of the most important milestones of a person's life is to choose the best health insurance companies and pick the ultimate one on the basis of budget and requirements. To beat all the predefined notions that we are made to believe since an early age, have you ever stopped and pondered about what will happen if you do not follow it? But, here are some of the things that take place if you do not get health insurance:
Medical Bills are Expensive
Though paying health insurance premiums is high and expensive, for many, the price of having no health insurance is much higher. A lack of health insurance is associated with millions of deaths around the year each year.
Handle Emergencies
If you end up with an emergency operation, you will likely pay thousands or even lakhs of money for a simple procedure. The cost will vary depending on the location of the hospital. If you end up requiring to stay at the hospital for an extended period, the price can really add up.
Tax Exemption
Premium paid for health insurance for self, children, family, and parents not only gives financial help in case of medical crises but also reduces the tax burden. Health insurance also gives a tax benefit by reducing the taxable income and thereby your tax liability.
Care and Services
Taking care of small stuff like ear infections or a migraine infection can stop you from developing complications which in turn may end up transferring you to the emergency section or end up in a hospital stay. The annual health exams can support you to diagnose things early like cancer or many different issues before they grow more severe and more expensive.
After all, we should not rebel without knowing the reasons behind these life lessons. These notions come from people who are much more experienced in handling life situations than most of us. So, it is better to stay equipped rather than learning from an encounter. Religare is considered as one of the best health insurance companies in India, and thus you can put your worries to rest. They provide the best in class services with the best plans and customized solutions.
Medical Bills are Expensive
Though paying health insurance premiums is high and expensive, for many, the price of having no health insurance is much higher. A lack of health insurance is associated with millions of deaths around the year each year.
Handle Emergencies
If you end up with an emergency operation, you will likely pay thousands or even lakhs of money for a simple procedure. The cost will vary depending on the location of the hospital. If you end up requiring to stay at the hospital for an extended period, the price can really add up.
Tax Exemption
Premium paid for health insurance for self, children, family, and parents not only gives financial help in case of medical crises but also reduces the tax burden. Health insurance also gives a tax benefit by reducing the taxable income and thereby your tax liability.
Care and Services
Taking care of small stuff like ear infections or a migraine infection can stop you from developing complications which in turn may end up transferring you to the emergency section or end up in a hospital stay. The annual health exams can support you to diagnose things early like cancer or many different issues before they grow more severe and more expensive.
After all, we should not rebel without knowing the reasons behind these life lessons. These notions come from people who are much more experienced in handling life situations than most of us. So, it is better to stay equipped rather than learning from an encounter. Religare is considered as one of the best health insurance companies in India, and thus you can put your worries to rest. They provide the best in class services with the best plans and customized solutions.
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