7 Reasons to Buy Health Insurance Before 30
Buying Health Insurance is necessary for every individual, as we know all too well that a medical emergency can strike for anyone unexpectedly, leaving a large impact both financially and emotionally. Having a Health Insurance policy keeps you and your family from the burden of those expenses. If you were to ask a professional, they would suggest purchasing a Health Insurance policy before 30 years old. In this post we will go over some of the top reasons this is suggested!
The Younger You Are, the Lower Your Health Insurance Premium Will Be
A Health Insurance Premium is highly dependent on age and in fact, there is a steep jump in the premium post age 30. The older you are, the higher the risk you are for needing medical care, therefore, typically the premiums are higher as well to match that risk, even if you have no change in your own personal health. Book your policy as early as possible for a lower premium. At this age, Health Insurance may be more affordable than you think.
Busy Lifestyles have Increased Illnesses
Our hectic lifestyles and schedules have increased the occurrence of lifestyle disorders in younger people. No problems related to cholesterol, diabetes, heart and lung or even orthopedic concerns do not require you to be middle-aged. Stress-related hypertension is taking its toll on young high-powered corporate who have no idea how unhealthy they are until something truly serious happens and they wake up to reality. Various Health Insurance plans offer annual health checkups for building awareness as well as preventative care.
Early Purchase Avails More Benefits
There are certain requirements of a Health Insurance plan where you need to go through a waiting period for the treatment of pre-existing diseases, surgeries, or special treatment. At a younger age, you might not require these benefits immediately, but at an older stage in life you might need them urgently and won’t be able to access the features because of the waiting period, not to mention higher premiums as you age. Taking a policy now allows you to make full use of the policy when you do fall ill in the future.
Financial Planning
In addition to the normally known benefits and lower premium, a Health Insurance policy helps in financial planning as well. The health plan would cover unfortunate accidents or your medical expenses so your hard-earned money can be utilized in the investment process for a better tomorrow. You may also get tax exemption on the premium you pay for your Health Insurance Policy.
Starting a Family
30 is the age where we typically think about starting a family, or maybe you already have a family. About half of women under age 30 have at least one child. A Health Insurance Policy that covers you and your family would provide for your child or children in the case of the unthinkable. The protection and quality care you ensure for yourself and your family with a comprehensive Health Insurance policy can save your family money, but also it ensures that your family will receive quality care. We want our loved ones to have the best care possible and without Health Insurance, it can be extremely challenging, especially should you need specialists, complex services, or pricey prescriptions. Plans also cover breast cancer screenings and a whole range of preventative care for adults and children so you can help your family maintain their health as well.
Avoid Medical Debt
Most people under 30 don’t have too much medical debt and purchasing Health Insurance before you’re 30 can help you avoid very costly medical expenses that easily create debt. A broken leg for instance can cost $7,500 to treat, and 3 days in the hospital can cost $30,000. That one unexpected instance would create a deep hole of debt that would limit your options in the future and make finances stressful. Having a policy in place would allow you to receive the care you need, without putting you in a financial hard spot, especially for those with a young family, or a mortgage to worry about.
It’s Not That Difficult to Obtain Health Insurance
Applying for Insurance is most commonly associated with being difficult or complex, even confusing, but with the right help, for instance, assistance from a professional Health Insurance Broker, who is paid from the Insurer, not from you, making their services to you free, can help guide you to make the best decisions for your Health Insurance. Applying for Insurance can be easy and fast with the right help. It can also be quite inexpensive the younger you are. If you are single or have a pretty straightforward family situation, applying and finding out what savings you qualify for won’t take up much time at all, and you may be surprised at the affordability, not to mention the peace of mind knowing your loved ones and yourself are protected.
Those are just some of the fantastic reasons to purchase Health Insurance before 30 years old. If you are considering purchasing a Health Insurance Policy for yourself, or for you and your family, the best advice would be to seek out a professional broker, who will help guide you and help you understand the options available to you, allowing you to feel confident in the choices you make for your family’s medical protection!
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