Medical costs world over are sharply increasing. The working class cannot pay their exorbitant medical bills. They need an instrument that they can bear the financial brunt of the medical emergencies. They do this via a health insurance plan. This is an instrument whereby an individual insures his medical wellbeing in return for a nominal premium. People investing money everywhere, seeks a real return for it. As an instance, an individual invests in equity stocks with an expectation that he will make a great profit after a brief period. However, in a health insurance plan, an individual does not find tangible returns. Under this policy, returns are only got on the incidence of a health emergency. This is to say that when the crisis doesn’t happen; all of the money paid by the person will go down the drain. Therefore, individuals avoid taking this insurance.
But all this is bound to change with the several innovations brought out by insurers to better their business. Prominent insurer provides a doctor on call facility for its members that may be used for trying doctor consultation on your telephone. A toll free number is provided to the member, on which if he calls, he can seek the advice of a medical practitioner according to his choices. Another insurance company has tied up with a vacation ownership business to provide medicinal excursions to its members. Here the network of the vacation ownership organization is used to give accommodation and the services of the physicians on the insurer’s panel are utilized to supply medical related solutions to its members. With such innovative ideas being released, it will not be long before people will begin seeing medical insurance as an asset instead of a liability. It will lessen their burden as then they will be receiving their health assessed regularly through the facilities offered by the health care insurer.
Moving forward, it will not be incorrect to state that medical insurance will become a necessity in the times to come. Exactly like food, shelter and housing, no medical insurance will become a basic requirement. However, in order for this to the insurers must take more measures to spread the benefits they supply through their services. Numerous claim rejections by insurance companies are a deterrent for people to opt for this insurance. But if insurance companies can spread the advantages a medical cover supplies to them, it will not be long before their business will improve. The human body is a machine that needs maintenance and for that reason it requires medical insurance.