A health insurance policy is a contract between the insured and the provider of healthcare, typically an insurance company or government. The insured is covered against health risks while the insurer pays for covered medical expenses.
Here are some of the key advantages of having health insurance;
Access to medical care: Health insurance allows people to access medical care when needed, but no one should ever have to choose between paying their rent and buying medicine because they have no other options. Having health insurance means that if you get sick or injured, you’ll be able to get the treatment you need without having to worry about how much it will cost or whether or not you can afford it.
Financial protection from medical bills: Without health insurance, you would likely be responsible for paying all your medical bills out-of-pocket if you got sick or injured and needed medical treatment. This could be financially devastating if you don’t have savings set aside for emergencies or your income isn’t sufficient to cover these expenses. However, With health insurance coverage, most costs associated with emergency room and doctor’s visits are covered by your plan’s deductible and copayments.
Preventive care and screenings: PremierVision plans typically cover preventive services to help you stay healthy and catch disease early on. Depending on your plan, this may include regular checkups with your primary care physician, vaccinations, screenings for diseases such as diabetes, cancer, and high blood pressure, and birth control methods such as IUDs or other long-acting reversible contraceptives (LARCs).
Prescription medication coverage: Prescription medication can be expensive without health insurance coverage. Even with insurance, prescription drugs may not be covered 100%, so this is another reason you need health insurance coverage for yourself and your family members if they are eligible for coverage under your plan.
Maternity and pediatric care: Health insurance is a must for expecting mothers and their children. It covers the cost of prenatal care, childbirth, delivery, postnatal care, and any complications that might arise during the pregnancy or childbirth. It also provides for newborns’ immunization shots and other necessary medical care.
Emergency care and hospitalization: If you need to be rushed to the hospital due to an accident or illness, health insurance will cover the cost of emergency care in a private hospital or clinic. In case you are confined in the hospital due to an accident or illness, your insurance provider will pay for your hospital bills without additional costs from your pocket.
Prescription drugs: Prescription drugs are essential in keeping you healthy as they can help treat a wide range of diseases and conditions such as diabetes, hypertension (high blood pressure), depression, and many others. With health insurance, you can get these medications at discounted prices or even completely free of charge, depending on your policy type.
Chronic Disease Management: Chronic diseases, such as diabetes and heart disease, are the leading causes of death in the United States. Most people with chronic conditions rely on regular doctor visits, medications, and other treatments to manage their symptoms. By providing health insurance coverage for these costs, employers can help improve the health of their employees, who will be better equipped to live longer, healthier lives.
Rehabilitative services and therapies: Rehabilitative services and therapies help patients recover from illness or injury and return to work or daily activities more quickly than they otherwise would have been able to do on their own. Common rehabilitative services include physical therapy, speech therapy, and occupational therapy. These services can also be used as part of an employee’s return-to-work plan following a temporary disability leave or a more extended period due to an illness or injury that prevents them from working full-time at their current job.
Mental health care management: Mental health issues cost American businesses billions of dollars each year in lost productivity due to absenteeism and poor performance on the job. Fortunately, many employers offer mental health benefits through various plans that allow them to connect with qualified professionals who can provide counseling services.
Peace of mind: When you think about the things that could happen to you or your family members, one of the biggest fears is having an accident or getting sick and not being able to pay for the treatment that saves your life. And while most people don’t plan on getting sick or hurt, accidents do happen, and if you’re not prepared financially, you could be left in a precarious position. Buying health insurance gives you peace of mind, knowing that even if something terrible happens, someone will look out for you and help cover the costs of treatment.
Dental and vision coverage: At least once a year, you should visit your dentist to clean your teeth and check for cavities. It would be best to have your eyes examined regularly by an eye doctor. If you don’t go in for these appointments on a regular basis, you may be paying more for dental work or eye surgery down the road. With dental and vision coverage from your employer’s health plan, you can save money on routine care and avoid future problems with your smile or eyesight.
Wellness programs: Most employers offer wellness programs that help employees stay healthy through free screenings and other preventative services like flu shots and mammograms. These programs are often offered at little or no cost to employees so they can be used anytime during their employment with the company.
Access to cutting-edge treatments: Health insurance gives you access to advanced treatments, diagnostic tests, and surgeries to help you live longer and stay healthier. If you have a heart condition or diabetes, for example, treatment can help prevent complications down the line. If you’re diagnosed with cancer, treatment can help your body fight it and lower your risk of death.
Health insurance provides coverage for services you may need but cannot afford alone. Having a plan ensures that you have access to a higher level of medical care than what the uninsured may have access to. It also ensures that you can utilize mental health services if needed. Furthermore, having coverage during pregnancy and while raising a child ensures that everyone involved will get the care they need at an affordable cost.