No one likes to think about the possibility of an accident or illness happening in their life, but it’s always better to be prepared. One of the most important things you can do is ensure that you’re adequately covered by health insurance before turning 30. It would be best to buy health insurance with OPD. It comes with greater benefits like multiple claims, more tax benefits and coverage, a cashless facility, carry forward features, and many more. This blog post will give you six reasons why buying health insurance before your 30th birthday is so important!
Let’s take a look at these reasons.
- Buy Early For Reasonable Price
Ideally, it would be best if you bought insurance before you turn 30 because it’s cheaper. It is one of the reasons why most people in their twenties don’t have health coverage and end up paying a lot more when they are older. Buying at a young age makes sense because you will likely stay in the same job for decades before retiring and needing coverage. You may also compare different insurers in India and check which one suits you the best.
- Increased Lifestyle Illness
Living a particular lifestyle, like not getting enough sleep or drinking too much alcohol, can cause illness later in life. The more you neglect your health now, the harder it will be to get back on track when older and less healthy.
- Young Buyers Get A More Comprehensive Deal
Younger buyers are, on average, in better health than older people. This is because younger people typically eat healthier diets and exercise more often. Older adults can be at a higher risk for chronic conditions that require expensive treatments like dialysis and chemotherapy. Because of the increased likelihood of these severe illnesses with age, many insurance companies offer discounts for people in their 20s and 30s.
- It Covers More Than Hospitalization
Health insurance gives you access to a range of benefits that go beyond hospitalization. It can also cover your prescriptions, preventative care like screenings and immunizations, emergency services such as ambulance transportation, first aid, mental health treatment, etc. So please buy health insurance at an early age.
- You Have A Busy Life
You have a busy life, but you want to make sure that you’ll be able to afford it when the time comes for health insurance coverage. That’s why buying your plan before 30 is so important because many people don’t realize how expensive it can get later on in life. You might not think about this now, but health insurance can be one of the last things you’ll want to buy during those busy times.
- Buying Insurance Early Leads To Better Financial Planning
One of the most important financial decisions you will ever make is buying health insurance. The problem, however, with this decision comes when your age determines how much money you spend on it each month and year. Health insurance prices go up as we get older because our risk factors increase, such as preexisting conditions like diabetes or high blood pressure.
The Bottom Line
Maintaining health insurance before age 30 is essential. If you are uninsured, it’s unlikely that you’ll be able to afford major medical expenses without facing crippling debt later in life. To buy a plan on your own, the average monthly premium for an individual (before subsidies) ranges from $116-$208 per month or yearly premiums ranging from $1500-2400.
We hope you have understood the significance of buying health insurance at an early age by going through the above reasons.