Health insurance is a much-debated topic around the world. While in some countries it is absolutely essential due to the criminal costs of paying for healthcare, in other countries that cater better to their residents it can be a tough decision. Read on for guidance on your healthcare decision.
If you are in a country where your health is in no way supported by the government then you likely need to get healthcare. America is the perfect example where people can be thrown into poverty if they get sick and are not covered. If you are in a country like this, no matter how healthy you are, don’t risk everything you have and get covered today.
In other countries, healthcare is subsidized by the government already. In New Zealand, for example, anyone in the country is covered if they are in an accident however illness is not covered. If you are living in a country like this then the decision to take healthcare should really be based on your needs and well being. If you are young and healthy it may make sense not to get healthcare just yet.
Either way, you should talk to an insurer about your healthcare options. The later you are starting your insurance the more expensive your healthcare becomes. Starting early may save you a lot of money as you start to get older. If you do sign up for healthcare plan make sure there are no hidden glide paths that will still force you to pay incredible fees when you are older.
One of the best things about healthcare is some of the additional benefits it gives you. My healthcare provider includes a cover of visits to the physio and dentist. Even a massage is covered. If you are someone who gets these treatments regularly you could break even by paying for healthcare and letting them foot the bill.
Don’t rule out healthcare straight away no matter where you are or what stage of life you are at. There are plenty of competitive offerings available and if you do find them too pricey talk to your employer. They may have a scheme in place that allows them to contribute.