Is it worth buying Health Insurance?

It is no news even on channel 5 that health is wealth. For it is only a man in good health that could have dreams or even the least complain of a failed society or global warming. 

People often have fantasies for their first actions when they are rich; in Nigeria for instance, certain humour trends of how the first action after earning one first 1 million would be to buy “Suya” [a locally grilled shred of meat in a stick]. Pure humour I must say! But are some actions only

for consideration when one has money or is considered wealthy?  

One of the greatest myths debunked would be that buying health insurance is expensive, hence, while waiting for your big bucks [whatever that is] you can still conveniently pay for a health insurance plan, and perhaps flex your Suya as well too eventually. 

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In exchange for a premium, a health insurer agrees to cover some or all of a person's medical expenses. What defines health insurance is the inclusion of a safety plan that covers the insured's medical, surgical, and all-around medical cover that could arise. 

The UAE [United Arab Emirates] has always been the place of splendour and an overboard of royalty. It is therefore no news that basic things are even considered with some form of finesse, even down to their health insurance. 

With a pool of health insurance in the UAE, the best health insurance remains AXA Gulf Insurance for many things. Whether you are travelling abroad or living in your own country, AXA insurance provides you with the greatest medical treatment and protects your family against any injury or sickness. 

Just like picking the perfect toppings for a pizza on a Wednesday evening with friends, you need to have asked questions if you have not tried a topping before. 

It is therefore advised that while considering which of the health insurance plan to choose from, one should start by: 

1. Going to your marketplace and thinking over your plan possibilities. 

2. Determining if an HMO, PPO, EPO, or POS health insurance plan is ideal for you and your family, as well as whether you desire an HSA-eligible plan. 

3. Decide if you want more health coverage for higher premiums or less coverage for higher out-of-pocket payments. 

4. Make sure that any plan you pick covers your routine and required treatment, like medications and experts. 

Note: Whatever plan you choose, be sure you have the benefit of having a doctor at your fingertips if you need one

. 

The best health insurance type remains AXA Insurance which has partnered with some of the world's greatest hospitals to ensure every insurance holder’s health protection. AXA offers a variety of health insurance policies that ranges from international, regional, local, and essential benefits plans. 

Philippines health, if spelt in full is health insurance provided for people in the Philippines by their government. It was established in 1995 to bring universal health care to the Philippines, therefore, PhilHealth is regarded as a general health provision for the citizens of the Philippines, which may be different from having a bespoke health insurance plan, 

The PhilHealth is a Philippine Health Insurance Corporation by the Department of Health. 

Asides from going deeper into the thoughts of Health Maintenance Organizations [HMO], Point of Service [POS], Exclusive Provider Organizations [EPO], and the likes, the main different types of health insurance remain: 

1. Private health insurance. 

2. Public health insurance. 

Health insurance is a type of insurance policy that covers hospitalization, pre-and post-hospitalization, ambulance, and room rent, amongst other services. In comparison to health insurance, medical insurance covers fewer expenditures. Only hospitalization expenditures are covered by medical insurance if the policyholder remains in the hospital for at least 24 hours. It offers treatment for pre-determined diseases and injuries for a pre-determined or restricted length of time. 

Most doctor and hospital visits, prescription medications, wellness care, and medical equipment are covered by health insurance. Elective or cosmetic operations, beauty treatments, off-label medicine usage, and brand-new technology are typically not covered by health insurance.