There is no doubt the cost of healthcare is on the rise. It is fast approaching a stage where it may become too expensive to afford. Health insurance policies are the ideal solution to help pay for expensive treatments. Health insurance provides protection against financial adversities arising out of necessary medical treatment.
How it works - You pay an annual premium in return for which you are covered for a certain amount. If anything unfortunate was to happen to you, the insurance policy will make sure your medical expenses are taken care of, within the limits of the cover. This, of course, is the most basic advantage of health insurance. Its other advantages would include things like comprehensive financial protection for the whole family, covers for expenses like medical checks etc.