5 Reasons Why Good Health Insurance Is Important In Nigeria
Purchasing an insurance policy allows one to be financially prepared for health-related risks.
With the ever-increasing costs of healthcare in Nigeria, we all need a good health insurance plan. With the ever-increasing prevalence of ailments, health insurance is now a need.
Health insurance provides consumers with a much-needed financial cushion in the event of a medical emergency. Health risks and uncertainty are unavoidable aspects of life. One cannot plan to get ill, but one can plan for the financial side. When you buy the best health insurance plan in Nigeria, you save for the rainy day.
At wellness healthcare, individual health insurance, family health insurance, etc., are available. Buying health insurance is an important aspect of financial planning.
Good HMO offers people much-needed financial support during medical emergencies. It is a well-known reality that medical care in Nigeria is an expensive affair. As the rate of everything is getting more expensive in Nigeria, health care is not exempted. Hospitals now charge a lot more, drugs cost more, even getting lab tests done, costs a lot more.
So, it is very advisable to get a good health plan in Nigeria.
There are several reasons to have a good HMO plan in Nigeria. If you have a family to support, you may get family health insurance to cover your family’s medical requirements.
According to the NHIS, here are five reasons why reasons why good health insurance is important in Nigeria:
To combat lifestyle illnesses
Lifestyle illnesses are becoming more prevalent, particularly among those under the age of 45. Diabetes, obesity, etc., all of which are common in older individuals, are becoming common in younger people. Stress, poor eating habits, etc., are all variables that contribute to the development of these disorders.
There are several reasons to get health plan. Our lifestyle change has left us more vulnerable to a wide range of health problems.
To compensate for insufficient insurance plans
Most people in Nigeria have HMO through their work). If you do, find out exactly what it covers you for and how much coverage it provides. It is likely to offer basic coverage.
If your existing HMO plan does not cover potential dangers, such as diseases or illnesses that run in your family, it may be insufficient in times of need. But don’t be concerned if you can’t afford a more comprehensive plan immediately. You might begin with a modest cover and progressively raise it.
To combat medical inflation
As medical technology advances and illnesses become more prevalent, the expense of treatment grows as well. It is also critical to recognize that medical costs are not confined to hospitals.
The prices of doctor’s consultations, diagnostic tests, and so on are all rising. If you are not prepared, any of these things might place a significant burden on your money.
By having a relatively low monthly health insurance plan of N2,800, you may avoid the burden of medical inflation. All these while receiving great care without worrying about how much it will cost you.
To be safe, you should insure yourself as soon as possible.
Buying HMO plan early in life offers several advantages. Because you are young and healthy, you may get insurance at cheaper rates, and the benefit will last as you age. You will also be given more broad coverage choices.
Most insurance contains a pre-existing condition waiting period that prevents coverage for pre-existing diseases.
To safeguard your savings
An unexpected sickness can cause emotional agony and worry. There is another aspect of coping with health issues that can deplete you – the costs. By purchasing an affordable HMO plan in Nigeria, you may better manage your medical expenses. You can do this without depleting your resources.
At wellness healthcare, we have monthly plans for as low as N2,800. You are more likely to be able to afford health insurance than you are to be able to pay for a surgery, illness, or emergency room visit out of your own money. Why not give us a call today?