Health is one of the most important things in life. Everything else in life is dependent so much on health that its importance cannot be ignored. However, life is very unpredictable, anything can happen any time and thus one must make all the necessary arrangements to make sure one is prepared to cope with anything life and fate can throw at him.

Health insurance is one such way which allows anyone to be prepared for the unpredictable future. Health insurance can be regarded as perhaps one of the best facilities available to modern man which were not available in the past. People used to die of some disease without any resources or funds to receive proper treatment for that disease. Even in the case of accidents, many people had to suffer huge monetary losses and many were unable to afford expensive treatments for their injuries and thus had to face many problems, the biggest of them being death due to non-effective and timely treatment.

Medical facilities are very expensive in the modern world. The high sophistication of equipment and provision of state of the art equipment is the direct cause of high medical expenses. Therefore, it is not possible for many people to gather such large sums of money in case of an emergency and thus would be unable to avail the medical facilities. Health insurance takes care if these problems as in this case the medical expenditure is covered by the health insurance company and the beneficiary can get medical attention as and when required without any worry about funds.

Health insurance generally only covers minor diseases and in many packages partial payments or proportionate payment of total expenditure incurred is included. A fixed sum of money is charged monthly or annually called the premium which is to be paid throughout the time the insurance policy is valid. In some health insurance policies, there exist some features which allow beneficiaries to recover some of the amount paid to these policies throughout the duration for which they were valid.

Many people would argue that the insurance premium is way too high for them or that health insurance is nothing but a mere scam to gather money from the people. However, such people are ignorant of the fact that it is these health insurance policies which help people pay their hospital dues as and when required and otherwise these people would have been unable to make these payments. Thus in the case of no insurance policy, such people would be deprived of many medical facilities when they are required.