pays for your hospital bills for diagnostics, surgery etc.
Health insurance is avoided by many people for various reasons. Some may claim the delay of purchasing one to their young age, fit lifestyle, employer coverage etc. Considering that the health care costs have been rising exponentially, it makes all the more sense to purchase a health insurance cover.
An employer provided coverage is a plan provided by the employer up to a certain amount to cover the cost of medical emergencies. Whereas an individual health cover is purchased by an individual himself to cover the medical exigencies.
One could argue to the fact that since employer coverage and individual health insurance serves the same need, there are quite a few differences to be aware of. Even being covered for health expenses through your employer, due to the below mentioned reasons, you should purchase and individual cover to help in times of medical emergencies.
The decision to buy health insurance coverage should not be delayed as far as possible. The main motive is to be adequately covered to manage the rising cost and medical emergencies.