Health Insurance
Dear Friend, In continuation to my previous post about Insurance, t oday I will take you through Health insurance and its importance. The most neglected part of our life is Health and Health insurance. More than half of our population is not even aware about Health insurance and its benefits. Image courtesy: Google What is Health Insurance? Health insurance is an insurance product which covers the cost of an insured individual's medical and surgical expenses. In many countries, like UK and Canada, health care coverage is provided by the state and is seen as every citizen's right. Need for Health Insurance Medicare or medical costs are rising year by year. In fact, inflation in medical costs is higher than inflation in general items. While inflation in food and clothing is in single digits, Medicare costs usually escalate in double digits. The rapidly increasing medical cost has made it necessary for all individuals to protect themselves and their families with