Why You Need Health Insurance – Understanding the Importance of Health and Medical Insurance

Why is having health or medical insurance so important? There is certainly a misconception that medical insurance is only for the elderly and older folks. Many young adults and even some middle aged adults have this misconception that since they are still healthy and without any illness, they do not need this security blanket that a health insurance policy provides. Their argument is that the premiums are high and that they are not getting anything in return if they do not make use of the policy.

Perhaps, these people are ignorant or have not heard or read of young and healthy people who without any warning, suffer a health attack or succumb to cancer. This is not surprising considering the hectic lifestyle and the regular intake of unhealthy food in this fast moving world that we live in. In addition, unforeseen accidents, minor or major can happen anytime. Breaking an arm or a leg can happen anytime while playing basketball or football. In the tropics, many people young and old falls victims to dengue due to mosquito bites. Considering the rising cost of medical care, hospitalization, surgery and medicines, a visit to the hospitals for treatment can indeed set back your hard earned savings if you are not covered under a health insurance plan.

A well meaning financial planner will advise that a financial plan which would include managing your investment risks will not be complete without a comprehensive health and medical insurance policy with critical illness coverage and hospitalization and surgical (H&S) coverage. Indeed, a financial investment plan can be derail if one should suffer the tragedy of succumbing to any life threatening illness such as cancer, diabetes, etc causing the person to lose his job and income before the financial goal of his investment plan materialize. The cost of treatment which may be exorbitant from the hospital expenses and surgery needed would cause you to use up the emergency funds and in the worst scenario may require you to withdraw from investment program before it mature if a medical policy was not purchased earlier. One should realize that hospital treatment cost these days include not only surgery and medication but often diagnostic tests involving sophisticated equipments, physiotherapy, etc. hence, the rising exorbitant cost of medical treatment.

One reason why many people do not purchase a health and medical insurance is due to the opinion that their employers have already provided the medical coverage. They may not be aware that once they leave their company, the coverage will cease. Hence, they may be caught in a bind if they are terminated during an economic downturn. Premiums for this kind of policy are lower if you purchase coverage at a younger age and when you are still medically fit. Those who insure themselves when they are older and not medically fit may have to pay higher premiums or are subjected to certain exclusions. Older folks and those who have some form of illness will therefore find themselves in a very precarious position if they are terminated from their job and are without medical insurance.

In summary, having a health and medical insurance is important as a security blanket that you need to buy but hope never to have to use. A health plan will give you the necessary assurance that you have the finances when the need arises.

Business Travelers Hotels

Not every hotel is geared for business travelers. Some are simply meant for holiday travelers, and focus on leisure features. Some hotels offer rooms geared for business travelers, with a stress on committed work areas. Once you’ve found a potential hotel, call the front desk directly and speak to the concierge or to a well-informed front desk clerk. Inquire about the facilities provided by the hotel such as internet accessibility, conference rooms; transportation etc. if the hotel has the features out lined below then you will definitely have a successful business trip.

Essential features of a great business:

Location: Hotels that are positioned near an airport or located in a city’s business quarter generally cater to business travelers. Airport hotels rarely offer views, but they make up for it with expedient location. Location is why many recruiters characteristically plan interviews in airport hotels. It is easier to fly in, meet numerous applicants, do some work in the business center, and fly back home.

Internet Access in the Room: Most hotels offer some form of Internet access whether it’s use of the business center’s computer, high-speed access in the room, or wireless. The business travelers need to know where the next high-speed Internet fix is coming from, so he can stay productive on the road.

Speedy, Customer Service: Hotel specialists are in the business of providing good customer care. Business hotels make the important difference of offering good customer care quickly and proficiently. A guest’s requirements must be met speedily so that he or she can concentrate on the professional reasons they are there primarily.

Business centre: It is absolutely a must for a hotel to have this facility. It should also be equipped with the latest technologies and state-of-the-art office equipment, services include tele-videoconferencing, high-speed Internet access, high-speed duplicating, printing, colour printing, colour copying, scanning and document processing, as well as courier, secretarial services, telex and fax.

Conference Rooms: Conference rooms or boardroom and a meeting room are a must if you plan to hold meetings seminars, promotions and exhibitions. These rooms must be equipped with audio + video conferencing facilities.

Easy Transportation: Business travelers need to be places punctually and with minimum hassle. Good business hotels more often than not offer transportation shuttles to all key business areas, or aid travelers with hiring taxis or private cars.

Restaurants & Bar: Business travelers need to be able to have the facilities of in hotel restaurants, to be able to meet associates over drinks, lunch or dinner. It’s best to have at least two types of specialty cuisine restaurants and a bar in the hotel itself.

100% Effort:Good business hotels allow travelers to concentrate on their jobs by working out the small and big stuff (taking care of problems like misplaced luggage etc.). The extra level of service in a good hotel is a boon to the traveler.

Find Very Competitive Rates for Individual Health and Medical Insurance

With the number of health insurance companies, it could be overwhelming to find a health insurance at competitive rates. There is a continuous rise in the cost of health and medical facilities, thus health insurance is a safer option to meet the needs, when arises.

There are several players in the market today, who offer competitive rates for individual health and medical insurance. With so much alluring plans around, it becomes extremely difficult to fix upon the one that will not only suit our needs but also help us save some money on the policy. Hence, if you are planning to buy a medical insurance plan, the best place to start is by making a comparative chart of benefits versus the premium rates offered by various players.

So, for instance, if you are in the United Kingdom, take note of all individual medical insurance plans offered by different firms in the area. You can get hold of the exact amount of premium you need to pay, as well as the coverage offered by each competitor in the market, easily. All you need to do is to give them your personal details, such as the age and home postcode, to get hold of a detailed quotation. With a few quotations from different insurance firms, you can start your initial verification and comparison processes.

There are certain factors that help you in your collation process.

The premium rates offered
The comprehensiveness of cover
The terms and conditions of the policy

Although your primary aim is to find the best and affordable policy, checking out the other two factors given above, will help you get hold of the best product, at a comparable rate.

Alternatively, if you find such comparisons and collations a tedious process, try out the insurance advisors to help you decide on a perfect plan. The insurance brokers or advisors can aid in picking out the cheapest individual medical insurance policy, and also can look into the comprehensiveness of cover as well as the terms and conditions. The best part is that there are brokers in the market who do the preliminary observations without charging you anything for their work.

So, buy the best individual medical policy in the market, either by comparing the policies yourselves or through a broker, to get a comprehensive medical cover for life, at an affordable rate. For more information regarding health insurance plans you can visit health insurance companies websites.