Most young and active people are very skeptical when it comes to getting health insurance, accident coverage, or life insurance. They will often say: “Why spend on something I don’t need now when I can very well use my money to buy the latest gadget, take a trip to Boracay, or get that fashionable bag showcased recently at the runway?”
While, admittedly, these are some great things to spend your money on, getting health insurance is more an investment rather than an expenditure. Here are our top five (5) reasons why you need to get health insurance while you are still young and healthy.
1) You’ll never know when you will get a critical illness.
You may be young, feeling well and believing that you are healthy right now.
But I’m sure you’ve heard of that relative, or friend, or friend-of-a-friend who had a heart attack, got a stroke, or was diagnosed with cancer in their late-20s or early-30s.
The hard fact is, even young and active people CAN get a critical illness. It was a reality that actress Camille Prats had to deal with when she got widowed at such a young age (read about her story here or watch her interview here).
You can always think to yourself that “it WON’T happen to me.” Then again, those who got sick at such a young age thought the same thing.
2) “An ounce of prevention is better than a pound of cure.”
You can be exercising, going to the gym regularly, running or jogging every day, attending yoga or pilates classes, joining marathons, and even be into multi-sport disciplines, but you will still need preventive care and check-ups like endoscopies, X-rays, mammograms, etc.
It is always best to identify health problems earlier, when treatments are cheaper and easier. This makes it possible for you or your loved ones to be treated sooner in case you get diagnosed with a critical illness.
In the same manner, getting health insurance is prevention from the financial stress that is related to getting a critical illness. I’m sure you know a relative or friend who got sick and have become worse because they could no longer afford to pay for their hospital bills. Perhaps they had to sell their house or their car. Borrow tons of money. Or perhaps their kids had to stop schooling.
Spare yourself from being another “burden” by getting a health insurance soon.
3) Health Insurance is more than just emergency care.
Uninsured people receive less medical care, preventive care, and follow-up care as well.
Health insurance will not only cover emergency care but also follow-up care like rehab care which is not usually covered by Philhealth or SSS benefits.
Rehab care is very important to get back the full functions of our bodies from before the sickness or accident.
Having health insurance will ensure that you will be able to receive the best care after being confined in a hospital.
4) Investing in health insurance is investing in financial health. And it comes out cheaper too.
We may not realize it but investing in health insurance is investing in our financial health as well.
If you are an investment-savvy and intelligent entrepreneur you will always think about protecting not only your savings and your investments but yourself and your family as well.
It is not enough that you have “ample” cash on hand or in the bank or in your stock market portfolio especially if you are still in the stages of building your financial wealth.
Always remember that a sudden and serious illness can lead to catastrophic costs and financial ruin.
Once you become ill and you don’t have health insurance, your last resort may be to liquidate your financial investments and this will disrupt your quest to achieve your investing goals.
And getting it while young means lower premiums. Coverage becomes more expensive as you start aging and start feeling the aches and pains in your body. Think of it as an “early bird” discount J
5) It’s an investment that will save lives.
Having health insurance will also avoid having any health condition to worsen. What if your family relies heavily on you as the breadwinner?
More than that, living longer enough for your loved ones is more valuable than any other investments or wealth that you can keep and enjoy in this world.
Health insurance is very important to us and our family’s lives. We may not need it now just because we believe ourselves to be in the best of health, but that is actually the best time to prepare. You do not fix a leaking roof when you are in the middle of a typhoon.
Wondering how to get a health insurance even if you are living away from the city? Check out www.axaion.com.ph and get a basic health insurance plan inside the comforts of your own home and using your computer.
Aside from health insurance AXA iON also offers a selection of Savings, Academic, and Life Exentials.