Can you Afford not having a Health Insurance post COVID-19?

Health Insurance
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The COVID-19 pandemic has taught us that the future is unpredictable and that medical emergencies can strike at any time. As a result, health insurance plans are required to safeguard us from any form of a medical emergency.

We are all practicing social distance and are trying to adopt the health precautions and steps to stay safe. But then also, what we need is to have a proper health insurance plan. Remember that health insurance is something that every family needs, not just for potential medical issues but also for pandemics.

Nobody knows what might happen in the following 20 to 30 days since the future is so uncertain. Health insurance plans are the only thing that can save you. Let us consider the significance of health insurance post COVID-19 and why it is a must-have for people.

Cashless Hospitalization

If someone has COVID-19 or any severe disease, they can receive treatment right away with cashless hospitalization. You will not need to make a cash deposit after visiting the hospital. Cashless hospitalization is the most effective approach to seeking treatment as soon as one gets admitted with the support of health insurance plans.

Pre & Post Medical Expenses

Your health insurance plans will cover the cost of your yearly health exams, which will include all the basic tests such as blood sugar, urine, cholesterol, ECG, and more. As a result, this is the most advantageous aspect for all insurers to take advantage of the deal. In addition, annual checks will always assist you in guiding and alerting you to any illness or sickness that may arise shortly.

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Benefits of Internal Revenue Code under Section 80D 

The best aspect about health insurance plans is that it provides you with a tax deduction under Section 80D in addition to free health exams and hospitalization. Health insurance for your dear ones, including your parents, can help you save up to Rs. 50,000 in taxes. It also relies on your parent’s age. Group health insurance plans might also help you to save money by lowering your taxable income.

High ICU & Treatment Costs

As a result of COVID-19, many people have experienced severe health problems such as low oxygen levels, necessitating the use of a ventilator in intensive care. In addition, COVID costs from persons with a high degree of infection necessitate adequate medical care, which is prohibitively expensive in most private hospitals.

Other Points to Remember

Health insurance plans provide you with peace of mind at all times. You do not need to rely on anybody else for financial assistance in the event of a medical emergency. It lowers the likelihood of depleting all of your funds. One can file a claim against the insurance and receive the entire amount without having to pay any money.

Remember that health is wealth, and you can never be wealthy if you can’t safeguard your health. So, get solid health insurance plans that cover practically all critical illnesses as well as other treatments to protect your loved ones and your own life.