9 Things that are More Expensive than Health Insurance

0

All About Health Insurance: Protect Your Future

Health insurance provides you with an affordable way to get medical care when you need it most. When we get diagnosed with critical illness, we are unable to work, thus we depend on our savings and family members to weather through a tough time. Having an insurance plan protects you and your family from the high cost of health care.

Don’t Risk Being in Financial Ruin

You may be healthy now, but when a serious illness (cancer, stroke, etc) or a traumatic event (car accident, sports accident) occurs, it can leave you with mounting medical bills. The inability to pay high medical bills, which is one of the most common reasons people file for personal bankruptcy, can ruin your credit history and set you back for years.

ADVERTISEMENT - CONTINUE READING BELOW

Many people don’t even think about insurance until they need it. But we never know when we would need it. The goals is staying healthy, preventing illness and being prepared for the worst that could happen when it does come.

Related Post: 10 Jobs that Need Life and Health Insurance the Most

Risk Management Expenses

The cost of premiums can quickly add up and not everyone gets a plan because they feel it is expensive. But is risk management really expensive?

ADVERTISEMENT - CONTINUE READING BELOW

Wants VS Needs: Leisure or Health Insurance?

Filipinos are great spenders because we are fond of “instant gratification”. We don’t realize that these small expenses actually do make a dent long-term wise to our budgeting. Most of these little luxuries prove to be more expensive than having your own insurance plan.

Share.

About Author

Money Monkeys

Money Monkeys seeks to educate Filipinos on finance, entrepreneurship, and the rising fintech innovations. We provide easy to digest articles with the aim of raising financial literacy, cultivating a growth mindset, and harnessing the spirits of fellow entrepreneurs.

Comments are closed.

error: For viewing only