Understanding medical insurance and the options available can be complicated, but it’s also absolutely necessary. Illness and injury are often sudden and unexpected, and it’s important to be prepared – for your sake and your family’s. Yet The United States Census Bureau reports nearly 10% of Americans still do not have health insurance. Here are some of the most important reasons why medical insurance is important for your family.
1. Greater peace of mind
Knowing that your family is covered in case of medical emergency gives you an incredible sense of peace of mind. Through private medical insurance (PMI), your family will be able to access private medical treatment when you need it, so you don’t have to worry about things like how you’re going to afford the inevitable treatment. After all, research suggests that medical bills are a major factor in 60% of personal bankruptcies in the United States.
You can also rest easy knowing that you can be with your family when they need you. Several medical insurance plans guarantee around-the-clock visiting hours, while others cover for nearby accommodation for the family when a child is in the hospital (usually up to the age of 9, though sometimes up to the age of 16).
2. Superior care
In 2014, the Centers for Disease Control and Prevention found that the average wait time in a US emergency room was about 30 minutes, with a treatment time average of 90 minutes. When it comes to a true emergency, such a drastic wait time can mean the difference between life and death. Through private family medical insurance, you can rest assured that your family can avoid waiting in crowded emergency rooms and be seen when they need it most.
Many health insurance plans also give you access to health specialists that you might not otherwise have access to with general health care, along with 24/7 access to health advice through dedicated phone lines. Such superior care means that your family will not only be seen to quicker, they also have a higher likelihood of getting treated more quickly.
3. There are options for every family and budget
The medical insurance world is more crowded than ever before. This has its pros and cons: it means that it can be harder to understand the options and figure out which is best, but it also means that you’re sure to find something that does suit your family and your budget. Best of all, there are many tools out there to help you sort through all the options, such as plan comparison websites like GoMediagap. Thanks to the internet, you also have a whole world of information at your fingertips so you can better understand all the terms and conditions of various plans.
Medical insurance doesn’t have to be complicated. At the end of the day, it’s pretty easy to understand: coverage means peace of mind, and peace of mind means less worry, less stress, and more comfort. What other reason could you need?