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Why Do You Need Health Insurance?
Home » Insurance » Health Insurance » Why Do You Need Health Insurance?Health insurance is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or a government agency.
Today, health care costs are high and getting higher. You have to ask yourself, who will pay hour bills if you have a serious accident or a major illness. You buy health insurance for the same reason you buy other kinds of insurance, to protect yourself financially. With health insurance, you protect yourself and your family in case you need medical care that could be very expensive. You can't predict what your medical bills will be. In a good year, your costs may be low. But if you become ill, your bills could be very high. If you have insurance, many of your costs are covered by a third party payer, not by you. A third party payer can be an insurance company or, in some cases, it can be your employer.
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