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Do I need health insurance?

It's essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a major illness or hospitalization.Get answers to more questions.

Apnainsurance.com Research Bureau

03 Dec 2007

Yes, health insurance IS essential.

According to recent studies, healthcare costs have been rising at more than 20 per cent on an annualized basis. Also, out-of-pocket spending continues to be around 75 per cent of the total medical expenses. Given this increasing cost of medical care and treatment, it becomes essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a major illness or hospitalization. Even the government is getting into the act - to reduce the exorbitant out-of-pocket spending, it has been promoting low-cost health care plans.

See also:

What is health insurance?

How does my age affect my health insurance plan?

I have a critical illness rider on my life insurance policy. Why do I need a separate health insurance policy? / How will my health insurance cover help me beyond my critical illness cover on my life?

Miscellaneous Health Insurance FAQs

Health Insurance FAQs about Coverage

Health Insurance FAQs about Claims

Health Insurance FAQs about Premiums



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