In the era of the excessive hike in almost everything around us and all the lifestyle changes that we are making owing to the fast-paced lives and using the best credit cards to swipe in these lifestyle changes, medical expenses have incredibly increased too. Nobody is safe from a possible medical emergency. This brings in the need for health insurance irrespective of how old one is or how much income one has. It is always a good idea to enter into a health insurance policy as soon as one can and advisably before one turns 30 to get major advantages.
Reasons to Buy Health Insurance
You can’t put a price on health, the old adage being health is wealth! But for most people living in the US unless you have wealth your health isn’t a guarantee, hospital bills and prescriptions are expensive but often you can’t go without them. Having health insurance means there’s a safety net for you and your loved ones.
Spending a little time researching the best providers in your state or city is simple, a quick online search health insurance jacksonville fl can provide health plans that work for you and your budget as well as the extent of coverage you require.
If you’re generally healthy it doesn’t mean it will always stay that way, having insurance can cover for unforeseen circumstances and ensure you can get back on your feet both physically and financially. We can all be a bit fragile and one accident or change in your body could mean your health costs will increase noticeably.
The Waiting Period
One of the prime factors that need to be considered while entering into a health insurance policy is the waiting period. Usually, health insurance policies have a waiting period that ranges from 30 to 90 days. This is the time period when despite having purchased the insurance you cannot claim it during a medical emergency. If you buy the insurance policy when you are younger there wouldn’t be any problem at all to complete the waiting period without any issues.
For older people who might have a need for it, the waiting period can both prove to be a nuisance and also cannot be avoided. Once your waiting period is over, you can easily claim the full benefits of your health insurance during the case of any medical emergency or otherwise irrespective of your age.
Lower Premium and Tax Benefit
One of the biggest advantages of buying health insurance early is the premium that you need to pay. Usually, while opting for a health insurance policy, most of them charge you according to your age. So, the lower your age, the lower the premium that you have to pay. Also, buying a premium at an earlier age will allow you to enjoy some tax benefits for a much longer period. Buying it early will lead you to make better financial decisions and you can also save up on quite a lot of money owing to the aforementioned tax benefits you will enjoy.
Increase in Lifestyle Illnesses
It is a well-known fact that most of the medical conditions that are currently on the rise can be blamed on the lifestyle that we have chosen for ourselves, willingly or unwillingly. Diseases are not just limited to old age anymore and life expectancy has also decreased. The sedentary lifestyle that most of us have opted is the major cause of heart diseases and other serious ailments.
The health insurance policies also encourage the buyer to go for annual health check-ups that cover most of the aspects, thus making people more aware of themselves and also being aware of possible ailments. If one is insured, one doesn’t have to constantly worry about the medical issues that might eventually arise, whether due to old age or at a younger age. Also, these checkups sometimes involve counseling sessions and health awareness campaigns, thus, helping people to lead a healthier lifestyle. Prevention is always better than cure.
Pre-existing Financial Burdens
One of the most practical factors in opting to buy a health insurance policy before you turn 30 are the pre-existing financial burdens that you will be loaded with once you are above 30, such as housing etc. If you buy a policy in your 40s, it will only lead you to be overburdened with reduced benefits that you might have enjoyed earlier with a lower premium. Also, a lot of these health insurance providers exclude multiple pre-existing conditions from being covered if you buy the policy when you’re older which does not serve the purpose of the health insurance.
Therefore, make sure you do not wait until you are 30 to buy a health insurance policy. The sooner you buy it the more benefits you can enjoy at its expense.