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What Is the Right Time to Buy a Health Insurance?-Now!

Published On Apr 16, 2019 5:30 AM By Sakshi Aggarwal

Considering our ‘current’ good health, a lot of us face the dilemma of whether to buy an insurance policy or not. While others who have already brought one ponder over the worth of renewing the policy. People often try to find out the ‘right age’ to get their health insured. But a thing to understand here is that the right age does not exist. It is the sooner the better!

No one would want to empty his/her pocket for the hospital bills. But what if you get sick and do not have a health insurance policy to pay off your bills? One is bound to feel financially paralyzed in such a situation. But the thought that you have the best health insurance policy to smoothly get out of this problem is something you would desperately want to have.

Buying health insurance early gets your financial security at an early age. The more you delay, the higher the premium amount of the insurance gets. This is because the older a person gets, the higher the chances are of increased medical expenses. 

Benefits of health insurance- Why should you buy one early?

1. Financial freedom

Health insurance secures your medical requirements thereby letting you save more. Plus, the tax exemptions that you get on the premiums paid by you is the icing on the cake.    

2. Better premiums

You have to pay lesser premiums if you buy a health insurance policy at an early stage in life. This is because of the obvious reason that risk percentage increases with age. So, buy a health insurance plan soon if you are looking to get our health insured at a lower cost.   

3. Lifestyle changes

With a sedentary lifestyle, traveling for long hours to work, not eating properly and a lot of stress to handle, people these days are facing drastic changes in their lifestyles. As we are busy, we often tend to ignore the symptoms of diseases occurring due to this lifestyle. Health insurances help you with the best health care facilities to get over these problems. 
4. Early incidence of diseases 

It is a false notion that you are prone to diseases only in old age. Changing lifestyles, as talked about before, have impacted our lives negatively leading to increased incidences of several critical health disorders such as cancer, heart diseases, and liver and kidney problems. To ensure your good health, the insurance companies encourage annual health check-ups.

Delay in buying health insurance can be harmful, act now!

You must have very well gauged by now that the right time to buy a health insurance policy is ASAP (as soon as possible)! A lot of people realize the importance of health insurance once they start facing any health issue at an older age. This is because they fail to understand that buying an insurance policy is a precaution to an ‘uncertain’ or ‘unknown’ risk from the individual to an insurance company. So, instead of procrastinating on it, purchase a suitable cover for your health and anticipated health care needs.

Apart from this, it is necessary to renew the policy from time to time after reviewing the policy every single term. For this, even an insurance company will weigh the risk and decide if it is feasible for it to extend your policy or not. Therefore, if you will delay purchasing a policy, you will be at a loss as then you will have limited choices and will be forced to buy from whatever is available or compromise on some features. 

Ideally, nobody wants to wipe off their savings on health problems, but those who neglect the need for health insurance are often left with no choice. So, explore the health insurance plans and get one before its too late! It is sure to do you a world of good.

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