When it comes to health insurance, most people recognize its value. However, insurance is often seen as too high a cost for the benefits it can provide. This imperfect perception of health insurance happens because most people believe they are healthy and will be spending money unnecessarily.
The truth is that all of us, sooner or later, will have bad luck in life, and we will remember the euros we decided to save by not taking out insurance as one of the worst decisions we make.
In my view, paying multiple insurance premiums annually is a lousy investment. Hence it makes sense to analyze your insurance portfolio as a whole. That said, I'd rather spend my whole life making mistakes than benefiting from them. However, I know that if something happens, I will get better and faster healthcare than people who don't have insurance. I will leave the people I love most with all the conditions to have a useful life through my life insurance. I won't have to worry about my movable or immovable property as they also have adequate protection.
Does this cost me money? Yes, it does, but how much money do we spend monthly without any long-term benefits? How many things can we save that allow us to pay for various insurances?
Benefits of Health Insurance
One # Independence
Health insurance is a gateway to a generalized health care service. Those with Pri-Med Health Insurance are less dependent on public health services, as they have access to private health care networks, where doctors, hospitals, clinics, and diagnostic centers can assist them.
Two # Freedom of choice
Many health insurance companies have private health networks where the insurance can only be used in these networks. However, many other insurances allow the holder to choose the doctor, hospital, or clinic where he wants to be treated without worrying about whether or not he has an agreement with the insurance. Send the expense receipt to the insurance in these cases, and you will be reimbursed in the contractually stipulated proportion.
Three # 24 hours a day
This independence is accompanied by a 24-hour service, where someone is always qualified to provide you with clarifications.
Four # Waiting time
Health insurance Holders benefit from faster scheduling of appointments or hospitalizations compared to public service users.
Five # Extra benefits
It is usual for health insurance to have extra coverage that improves the protection of the insured person, such as home support, medicines at home, international opinion, the best clinics in the world, and even discounts on wellness partners.
Disadvantages of Health Insurance
Six # Cost
This is the most significant disadvantage of health insurance. The price of health insurance can vary between 10 and hundreds of euros per month. It all depends on the coverage you want to buy. Health insurance with affordable coverage, such as hospitalization, consultations, childbirth, and stomatology, can cost as little as 30 euros a month to anyone under 30.
Seven # Grace period
When cost is not an issue, then insurance grace periods arise. Nobody likes to pay today to benefit 3, 6, or 12 months from now. If you pay today, you want to help now. In health insurance, there are grace periods, and most insurances only allow you to start benefiting from some coverage after three months from the beginning of the contract.
Eight # Franchise
Some health insurances have deductibles, an additional payment to benefit from the insurance. This type of charge discourages the purchase of health insurance, as those who want health insurance and will pay every month want to have the services free of charge when they are going to benefit from them and do not want to pay to enjoy the benefits.
Nine # Co-payment
There are co-payments whenever you use health insurance. A co-payment is the percentage or part of the cost of the service that the insured person bears. Sometimes these values are significant and reduce the insurance benefits.