Do You Need Health Or Travel Insurance?
It is never a fun thing to think about, but there are certain situations where health or travel insurance can be a lifesaver. Let's explore the kinds of things that might necessitate this type of coverage and how affordable it is!
If you have chronic conditions, you may need health insurance in order to afford treatments. If you work in a hazardous environment but still want to travel, then travel insurance may be your best bet. But if you are not sure, then let's explore what each kind covers!
Health Insurance: If You Are Sick And Can't Work
If your condition prevents you from working and/or going to school, then health insurance is invaluable. While treating conditions can be costly, it is far more expensive for the government or an employer to keep providing you with cash benefits until your condition or circumstance changes. For example, if you are out of work because of a chronic condition or injury that prevents you from working but cannot afford the medication treatment that would allow you to return to work, health insurance will be a lifesaver. You have coverage for treatments and possibly some savings on prescriptions as well…. and I guarantee that you will be able to afford the medications without it.
Health insurance can also provide coverage for certain preventative treatments that are recommended by your health care provider. This will be particularly helpful if you are sick with a serious or potentially fatal condition (e.g. cancer or heart disease) and need regular medical checkups and other treatments to keep you as healthy as you can possibly be.
Travel Insurance: For Those Traveling Abroad
This is a great tool that many people don't even realise they need, but it can save your life and help you travel safely as well! You will probably not be covered if you travel outside of your country of citizenship, but in most cases it is a good idea to invest in travel insurance to protect yourself against things like airplane or train accident, trip cancellations and lost or stolen baggage. Even if you are travelling within your own country, it's wise to check with your insurers about what kind of coverage you may be entitled to. It's also wise to check with the police and the embassy in countries you plan on visiting about emergency procedures.
If you are travelling to a country that is not your own, it is important for you to find out what kind of medical coverage the country you are visiting provides its visitors and how you can access it. It may be that a travel insurance policy will provide a better alternative to an expensive private medical facility in an unfamiliar country. If you need prescription drugs while you're out of the country, try to find a pharmacy that can sell them without requiring a doctor's prescription. Some countries will not allow visitors to get medications out of a prescription.
If you are travelling outside of your country, you will want to make sure that your insurance will provide coverage for you while you are away! If you travel outside the country of your permanent residence, double check with your insurer what their coverage is and how much it costs. Sometimes it is cheaper to purchase temporary insurance if you do not intend on travelling internationally often. Also, be sure to check if there are any international travel restrictions on the kind of medical conditions that may be covered with an international travel policy.
Health Insurance: For Young People And The Unemployed
If you are a student, unemployed, young or have another policy that may protect you while you are out of work, then health insurance may be crucial. Small children will need life insurance to survive if they are orphaned or their parent(s) die. Teenagers can get life insurance to help them get by while they are still in school. And many adults cannot afford to pay medical costs on their own but would like to arrange coverage for dependents. A policy that provides life insurance for the surviving spouse and/or dependents may be an affordable alternative! There are several non-profit organizations that provide this type of coverage for free to those who qualify.
If you are a young person or an adult that does not need cash coverage but just wants to be sure that your family and dependents will be cared for, then take a look at term life insurance. This type of coverage provides a lump sum payment if you die during the time period of the policy, but it does not cover any ongoing medical expenses or dependents' income. It's an inexpensive way to be sure that your spouse and children will be cared for in the event of your untimely death.
Travel Insurance: For Your Vacation And More!
The main advantage to travel insurance is that it protects you against things like trip cancellations and lost baggage. It is especially important to have travel insurance if you are an international traveler. But you will probably also want to check about the amount of medical coverage available in the country you are visiting and whether or not your policy covers mandatory vaccinations required for entry into the country. If you are an adult, consider checking about dental coverage while you're there!
The best way to find affordable health insurance for yourself and your family is by speaking with a trusted underwriter about what types of coverage are available and how much they cost. People often try to "shop" for cheaper policies or alternatives that they think will protect them when in reality they may be getting a false sense of security or they may not be covered when they need to be! Don't rely on the advice of friends and family members who are not professionals. Instead, talk to a licensed insurance broker about your needs and get the coverage you need at a price you can afford.
Speak with an Underwriter Today
If you have been thinking about life insurance, don't wait any longer to speak with one of our friendly licensed professionals today. We can answer all of your questions and help you formulate a plan that meets your specific needs. Contact us today for more information!
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Conclusion:
So what's the best life insurance for you? Start by asking yourself some questions about your needs and concerns. Are you concerned about your family's financial situation if you die? Do you want to provide for them with enough money that they can move, get out of debt, bring in extra cash...