Health insurance, is something new to me. It’s not a must in my country, where I can’t see why must I have the health insurance. Maybe it’s because of the health system in my country where the bills of health treatment is partially supported by the Ministry of Health.
That’s why I’m new to the world of health insurance. Anyhow, as time passes by, and the world economy changes, I also changed my perception to the health insurance. Now, I’ve joined one of the private health insurance available in my country. It is a collaboration of insurance with the bank which I have an account with. Means, from now on, some small amount of money is reducted from my account bank to pay for the future coverage.
Do you know what does health insurance mean? Health insurance like other forms of insurance is a form of collectivism by means of which people collectively pool their risk, in this case the risk of incurring medical expenses. In other countries, like USA, the collective is usually publicly owned or else is organized on a non-profit basis for the members of the pool. While in my country, health insurance pools is being managed mostly by for-profit companies.
Health insurance is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. In USA, it may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by an individual. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.
By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
Where ever you are, and what ever the systems used in our country, health insurance is becoming a necessity nowadays. It’s one of the wise money management plan, to face the future with unknown possibilities, to avoid the unwanted possibilities. So, you better hurryp up to join one now!
(some of the facts in this article is taken from Wikipedia)
Before I leave you for today, and write the next health insurance articles next weekend, I would like to show you one the recent video in USA where President Barack Obama talking to USA people, why should they have the health insurance coverage. Like I said before, USA health insurance system is different with my
country's, but of course there are some similarities. Check it out!!
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