3 Things You Need To Know About Health Insurance In 2022

​Health insurance is one of the most important financial decisions you will make in your life. You may know that certain benefits come with it, but do you understand what they are? 

This article will help you deeply understand what health insurance is and how you can make an informed decision on whether or not to purchase one.

1. What is health insurance? 
Health insurance would cover some or all of your medical expenses like hospitalization costs, medicine, doctor appointments, etc. Furthermore, having health insurance can keep you from paying medical bills with your savings.

2. Types of Health Insurance
Having your insurance planned out helps a lot. And this leads us to discuss the two basic types of Health insurance:

• Mediclaim Plans
• Critical Illness Insurance Plans
  
  

Mediclaim Plans
Mediclaim, also known as hospitalization plans, are the most basic type of insurance plan. It covers up to a certain limit on actual expenses incurred in the hospital. Most of these plans cover the entire family up to a certain limit regardless of whether you can cover it.

Critical Illness Insurance Plans
Moving on to a Critical Illness Insurance Plan, this policy pays a lump sum following the diagnosis of an illness specified according to the plan’s details. This plan often covers diseases like cancer, organ transplant, heart attack, stroke, renal failure, and paralysis.

3. Why Do You Need Health Insurance?
Let’s say you are sick. If you want to treat your illness, there are certain things that you need to do. 

Healthcare is not just about physical issues but also mental and emotional health. And healthcare helps you with your financial expenses, as treating an illness can cause severe financial strain.

Conclusion
Having a Health insurance plan safeguards you against the worst-case scenario. And this grants you protection from a large number of illnesses out there. 

Even a long-term policy can cover your expenses at old age and a large hospital network for easy access to medical treatment.

At Insurance Marketplace, Inc, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (541) 779-0177. You can also request a free quote by CLICKING HERE.