How Health Insurance Adds Value to Our Society
The demand for effective healthcare service and insurance is continually increasing in the recent times. In fact, many people are looking forward to having a very efficient and cost-effective health insurance to suffice their needs and wants. Apparently, the evident increase in demand is caused by the prevalence of different health conditions and the significant growth in population.
Today, our society is facing great concerns when it comes to their healthcare. Aside from the fact that having insurance policies is very expensive these days, it can be very strenuous to obtain one. As a result, more and more people and families are taking these matters very lightly. Some would not even bother to apply and get for themselves.
Now, if you are thinking twice about whether to get a healthcare policy or not, here are some of the benefits and ways of how getting one adds value to our society today:
- Wellness Program’s
Insurance companies have been very eager to help policyholders not only in terms of their policies. One great example of this is the Wellness Program’s that every insurer offers to its policyholders. Apparently, this program is a point-based system that will benefit both the insurer and the policyholder.
Policyholders are all encouraged to stay fit and healthy by doing certain activities. When these activities are efficiently executed, they will be merited with points. Now, these points are deductible and refundable.
For instance, the most popular program that they are pursuing nowadays is the No Smoking Campaign. When a policyholder attests to quitting the vice which certainly is a huge factor in every insurance policy, the holder will be awarded by points. Essentially, this is a win-win situation since the policyholder will decrease the risk of having health problems and the insurer will decrease the overhead costs.
- Relevance In A Variety of Health Systems
Today, there are different kinds of health systems. Each system may vary depending on the region and location. And having one structure for healthcare is very inappropriate because this will not be effective. In fact, it can get very expensive.
But, fortunately, due to healthcare policies and insurance, it helps each policyholder where to allocate the right funds depending on the situation and condition. Also, each policy has its own standards which largely build the overall limits and foundations. As a result, no money is wasted, in theory.
- AYUSH benefit
Some healthcare policies today include the AYUSH benefit. AYUSH actually stands for Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy. And it is normally a sub-policy under a basic policy. This is very useful for policyholders who are suffering from chronic diseases.
By and large, chronic care is as an aspect where most healthcare insurance is very strict about. This is because people are becoming more dependent on different Ayurvedic and Homeopathic kinds of medical treatments. And normally, these systems are not covered in a basic policy. So, the AYUSH benefit would largely add value to a policy, especially when you are looking forward to a different and special chronic care.
- Long-term Investments
With the current innovations and changes in the value-added section of today’s health insurance and policies, it is seen that investments are becoming more of a subject. Apparently, having an effective policy will help each holder to save much more in the long run.
But while others may see it as a very expensive move, specialists and experts in the field are testifying that these policies are investments. Whether you are looking for short-term or long-term types, an effective policy with value-added benefits and offerings are actually great tools. Although, long-term investments are largely highlighted for this matter.
This is because funds will be properly and accordingly allocated. Also, it is seen as an effective preparation for what might happen in the near future.
- Medical Repatriation (evacuation)
We all know how facing and managing medical expenses abroad can be very daunting and expensive. And double all the weight of the scenario when it happens as an emergency. Fortunately, most healthcare policies nowadays, especially the ones with value-added insurance may come in handy at times like this. In fact, one of the apparent benefits of these value-added policies is the medical repatriation or evacuation.
When you experience an emergency medical expense abroad, the value-added medical repatriation will largely be responsible to handle all your expenses. But, you should remember that these kinds of policies do also have limits and standards. There are certain countries that will not honor these kinds of benefits. Also, there are policies as well that will only cover the medical repatriation or evacuation expenses if the claim for the hospitalization or cause is covered by the basic policy.
Now, these are only some of the apparent ways how health insurance policies add value to our society. And with these things at hand, it is only best that you get what you think will be appropriate for your needs and situation.