A Healthy Investment

Private medical care can cost the world. Do you really want to pay it yourself, and can you afford to?

Most people see medical insurance as an additional expense. But they would never think of driving a car that is not insured. How important is a broken fender compared to the cure for an illness?

For every person that will eventually require specialist medical care, the need arises to consolidate and plan for the future. Although health insurance is usually bundled with overall life insurance policies, the truth is that you can often find services tailored to your personal needs.

Granted, that it is not everyone’s choice investment option – and it shouldnt be – but these policies provide you and your family with timely death or injury related compensation and in some opt-in cases, regular and uninterrupted income.

It is unfair to compare the yeild of an insurance policyto other mainstream investments, for the simple reason that an insurance policy is basically exactly what it says it is, an insurance policy, and the income generated is just an added feature. Instead approach it as a non-exuberant, parallel saving schemewithout seeing market performance and you will see that it is a useful tool.

A particular point you have to consider is the elevated level of risk that we are all subject to today – whetehr we are travelling or engaging in the many pseudo lifestyle traits that we have unwittingly, and to an extent become accustomed to.

Evaluate cost versus benefits and ask yourself again if you would really prefer it if someone else were to pay for your healthcare charges. Although it is close to mandatory in many parts of the world. When adverse events might cause losses that can be quantified, we have to anticipate and manage them. This is true for the average motoring mishap, so why shouldnt it be an integral part of your future plan? Why do you think are we offered such proportionately high returns on healthcare policies?

However the risks you can’t handle or predict are best traansferred to a reliable insurance carrier rather than retained by you. When it comes to a Healthcare Plan, you have a lot of choices, but you have to choose which ones you would most require and abide by the decision you make.

Most common plans will cover the treatment of illness, disease or accidents, both inpaatient and outpatient, as well as provide compensation for dismemberment or death. But the compensation provided for conditions such as deteriotation of mental health or dental, vision and hearing impairments are usually vague, so before you purchase a healthcare plan, make sure you first go through the policy details and the extent of coverage.

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4 Responses

  1. Can not imagine anyone ignoring medical insurance these days. Prevention is better than cure is true for health and insurance.

  2. rosalie says:

    Health is wealth,, take extra care to yourself,,

  3. Eric says:

    @Vivienne – Kids out of high school and not covered by their parents anymore are feeling indestructible and spending money on insurance is the last thing on their minds.

    It is unfortunate that most people don’t have too much of a choice when it comes to policies – they can take what their employer is offering or go find it their selves. Finding a policy on your own is rife with peril.

  1. May 1, 2008

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