Overview on USA Healthcare Insurance - Necessity, Importance and Usefulness of Health Insurance

Necessity, Importance and Usefulness of Health Insurance Policy

With rapid strides made in the field of medicine, the cost of medical expenditure/treatments has continued to increase. This has resulted in spiraling of healthcare expenses.

The purpose of healthcare insurance cover is to assist an individual to pay for the medical/healthcare expenses incurred as part of treatment by the concerned policyholder. It protects the individual and his/her family financially in the event of an unexpected serious illness or injury that could be invariably expensive or a financial drain on the pocket. In case, if the individual possesses healthcare insurance cover, he/she is more likely to get the benefits of routine and preventive care management. An individual definitely requires health insurance since human life is unpredictable and one cannot predict what the incurred medical expenditure would be. For individuals, based on their health status, incurred medical expenses may be low in certain years and in some other periods (years), the incurred medical expenses may be high due to varied reasons – either illness or treatments.

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By availing health insurance or a suitable policy cover to suit his/her requirements, the individual would have peace of mind by knowing that he/she are provided immunity cover to cover such unexpected medical expenses. It is always advisable that an individual should not wait until he/she or their dependents becomes seriously ill to purchase health insurance.

It is imperative to know that there is a link between possessing health insurance and getting better healthcare facilities. Research surveys depict that people possessing health insurance are more likely to have a regular doctor and to get the requisite medical facilities when needed by such individuals.