Two Major Risks of Not Having a Health Insurance Policy
A health insurance policy covers the cost of the surgical as well as the medical expenses incurred by the insured individual. Every health insurance policy has its own distinctive features. Some are meant to directly pay the healthcare provider as in the hospital, clinic, doctor or physician, while many reimburse the insured individual for the expenses incurred by them due to any illness or injury. In lieu of the benefits that the insurer provides, the policy holders pay a premium either monthly or yearly. The amount paid towards the health insurance premium is eligible for tax rebates too. The Perils of Not Having a Health Insurance Policy With skyrocketing medical expenses, having a health insurance plan has become a necessity. If not insured, a person may face multiple risks. Some of the risks involved in not having a proper Health Insurance policy are as follows: Financial Crisis : This is undoubtedly one of the biggest risks of not having a health insuran...