Buy a health Insurance before it is too late
A big mistake that people make is that they wait till well into their middle age before taking up a health insurance policy. Why do we say that it is a mistake?
Firstly, low cost health plans can be easily found at any time. Given that they are readily available, there is no justification in delaying the decision to protect oneís life and finances. Anything can happen anytime. Disaster does not come with a warning, and in most cases is a black swan event. You can be sick even if you are young . Whether it is your family or yourself, these things can happen and if you donít take proactive steps to find a good health insurance policy, it could be too late.
When you fall ill, you suffer in three days: physical health, emotional setback and your finances take a huge knock. While we will always hope that it is something minor, the fact is that an ailment can take the wind out of your finances and almost leave you bankrupt.
Comparisons on sites like PolicyTiger.com can help you narrow down and choose the exact plan that you need. The plan does not need to be expensive but the coverage should be extensive.
Trying to buy a health insurance plan afresh when you are old can have a set of issues: the insurer might be reluctant to offer the coverage, the premiums might seem very expensive, the list of exclusions could be so long that you might be left wondering if any meaningful coverage is being offered at all. The best thing to do is to buy the policy at a younger age, and keep renewing with the same insurer year on year. That way, even if you have a claim for a recurring disease, you will ensure that you continue to stay covered. .
Regardless of how good your health may be, it is advisable to start looking for a health insurance plan the moment you stop working!
Start young and enjoy good health and peace of mind.