Medical Insurance: Be Careful Of the Terms

When you are as fit as fiddle, it seems a complete waste of money to buy medical insurance. But when all your precautions go in vain and you are attacked by a critical disease, the necessity of having one is badly felt. The cost of treatment for critical illness is already high enough; and given the conditions prevailing now, it will not be a wonder if the cost goes beyond the affordability of even the well-off.

I think the necessity of medical insurance is felt by and each and every worldly wise person. And most of them buy a health insurance policy for them. But many people do not give enough importance to the details. I have one friend who has already paid a price for making this mistake. He just signed the dotted lines without reading the terms and conditions of the medical insurance policy agreement.

When time came and he claimed for the compensation, to his surprise he was told that the disease he had been suffering from was not covered by the policy. In order to avoid such type of nasty surprise, it is highly recommendable to read the small prints with utmost attention before one signs the agreement of the medical insurance policy.

Term Assurance – Be Rest Assured

Now, I don't understand why people never stop playing with follies in their daily lives even when they are very well versed with the theories of almost everything to be known. Call it their foolish negligence towards the vital aspects of life or simply their willingness to tread the path of the safety highway, the follies cannot be undermined. My impulsive retortion would have scarcely held more water had it not been for a personal experience that had touched my life in some way. In stark contrast to the general consideration of medical insurance as a highly important tool, uncle Fred strayed from the belief with his own rendition of it as an unnecessary expense.

Perhaps it was a long absence from any major health ailment in uncle's family that prompted the rather foolish decision to surface into the open or just a cost cutting step. In any case, it brought about its repercussions in the form of a major cardiac arrest for uncle, which landed him in a hospital and a proper treatment in the form of the application of a pacemaker. The expense was a whooping sum and the lack of a sickness insurance, it had to be shouldered entirely by uncle. The incident, for one taught a very important lesson and prompted him to get medical insurance policies for the entire family.