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Health Insurance Primers
Monday 03 December 2007
Do I need health insurance?
Monday 03 December 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: How does my age affect my health insurance plan? Miscellaneous Health Insurance FAQs Health Insurance FAQs about Coverage Health Insurance FAQs about Claims Health Insurance FAQs about Premiums |
