The Earlier You Get
Health Insurance, The Better It Is

Studies reveal that many people ignore the purchase of health insurance even after marriage & having children. Many don’t consider it as a priority. This causes one to neglect its purchase thus becoming devoid of the health insurance benefits. Health insurance experts often advice people to get health insurance at an early age. However, there are certain reasons on the basis of which this is determined. Let’s know the reasons as to why it’s better to get health insurance at an early age?

Studies reveal that many people ignore the purchase of health insurance even after marriage & having children. Many don’t consider it as a priority. This causes one to neglect its purchase thus becoming devoid of the health insurance benefits.

Health insurance experts often advice people to get health insurance at an early age. However, there are certain reasons on the basis of which this is determined. Let’s know the reasons as to why it’s better to get health insurance at an early age?

Getting health insurance at an older age increases premium?

Surprised? However, it’s true. When you get older it increases the risk of health disorders. This is supported by studies which reveal that getting health insurance at older age increases the chances of paying higher insurance premiums. Hence, an old person who wants to take insurance may have to incur greater premium. Getting insurance becomes more difficult when the insurer finds the person not eligible to qualify for the health plan.

Research also reveals that people falling in the age bracket of 20-30 years benefit from greater coverage at lesser premium than those who are 50 years and above.

The various factors which lead to maximum health insurance coverage & lesser premium are-

  • Good health & wise habits play a significant role for a person to benefit from health insurance at lesser premium
  • Individuals who show a history of smoking & excessive drugs and alcohol consumption will have to pay higher premium than those who are clean.

#Don’t hide from your insurer!

If you’re thinking of easily getting away by hiding the negative aspects of health from your insurance company then you’re wrong. Don’t be in false paradise that doing this you will be able to qualify for lesser premiums.

Today most health insurance companies examine people for their health by conducting certain medical tests before giving health plan. This reveals the person’s all previous and current health ailments. Therefore, hiding the same can attract higher premium by charging a penalty or even result in cancellation of the policy.

Hence, be honest about your health records to get the best health insurance plan.

Key points to remember-

  • Health insurance companies regard smoking as a big concern. They are able to find the same via medical tests. Therefore, ensure complete transparency about all such details when you fill in your health plan’s application and during pre-medical tests.
  • Hence, if you want to enjoy lesser rates then quit smoking. In terms of alcohol consumption different insurance companies have different policies for the same. Therefore, read the policy documents for all the details before buying a health plan.

Conclusion-

It’s advisable to get a proper health policy before the age of 60. When you buy health insurance during the period of your best health, you will receive greater benefits. You will be able to get health insurance at lesser premium & maximum coverage.