What is Health Insurance
Health
insurance is a type of insurance coverage that typically pays for medical,
surgical, prescription drug and sometimes dental expenses incurred by the
insured. Health insurance can reimburse the insured for expenses incurred from
illness or injury, or pay the care provider directly. It is often included in
employer benefit packages as a means of enticing quality employees, with
premiums partially covered by the employer but often also deducted from
employee pay checks. The cost of health insurance premiums is deductible to the
payer, and the benefits received are tax-free, with certain exceptions for S
Corporation Employees.
· Buying a health insurance
policy for yourself and your family is important because medical care is
expensive, especially in the private sector. Hospitalisation can burn a hole in
your pocket and derail your finances. It will become even tough, if the person
who brings in the money, is now in a hospital
bed. All this can be avoided by just paying a
small annual premium which would
lessen your stress in case of medical emergencies.
·
A good health insurance policy
would usually cover expenses made towards doctor consultation fees, costs
towards medical tests, ambulance charges, hospitalization costs and even
post-hospitalization recovery costs to a certain extent.
·
During this Covid-19 crisis and
aftermath of it, it is essential to have a Health Insurance.
Thank you for sharing the useful information about health insurance and its benefits. This will help people who are all looking to get an health insurance. For more details: Best Life Insurance In Dubai
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