Top 5 benefits of health insurance

Health insurance is a key part of today’s healthcare. It is the way we can ‘protect’ ourselves from unforeseen situations and minimize the financial damage from accidents and protect our health and that of those around us in the event of accidents. Health insurance is, indeed, a way to buy security, peace of mind and timely and professional medical care. In this article, you will read about the importance of health insurance, how it works and 5 benefits it provides.

The importance of health insurance

Health insurance is your shield in case of accidents and mishaps. It covers health-related expenses such as specialist visits, inpatient and outpatient treatment, medications, preventive care and rehabilitation, and certain other medical services. In Bulgaria, there are two types of health insurance – compulsory and supplementary. The latter takes the form of health insurance and is entirely voluntary, but provides a wider range of covered health services than compulsory insurance.

How health insurance works

Health insurance works on a simple principle. If you decide to purchase health insurance, you must do so by paying a monthly or annual amount for the insurance. This amount is an insurance premium that pays the insurer for the risk it assumes when it commits to pay the costs associated with the additional medical services you use. In the event of an accident that is covered by your health insurance, the insurer will pay the amount it is responsible for your treatment. This amount always has a limit agreed in the insurance contract. Note that, in this case, you may not only benefit from the services of those medical centers and specialists who have a contract with your insurer. 

 

One approach to health insurance that is available to you is for you to pay the cost of treatment or use of a medical service and subsequently seek coverage from your insurer. If this is your choice, you can also take advantage of medical services that your insurer does not have a contract with.

 

The insurer itself collects a general fund of premiums paid by the insured for a given type of insurance and accumulates a contingency reserve. Your amount is part of this general fund. Like all other insureds for a given service, you benefit from the insurer’s obligation to cover the cost of your treatment, according to the contract between it and you. 

 

5 benefits of health insurance

Here are some of the benefits of health insurance.

Financial protection

The most obvious and intuitive reason to get health insurance is the financial protection it provides. Treatments, tests and check-ups with specialists and other medical services that are not covered by NHI can be expensive and, in most cases, are not covered by our mandatory health insurance. Supplemental insurance guarantees coverage of many of these costs by the insurer. For a relatively small premium, we can prevent high unexpected momentary costs.

Access to better medical care

A key advantage of supplemental health insurance (health insurance) is also that it provides quick access to better medical care. Health insurance packages include outpatient treatment with specialists and do not require a referral from a GP, meaning you can skip the standard procedure. This can be crucial when you need a specialist in a timely manner. What’s more, you get access to a range of laboratory tests covered by your insurance that you would otherwise have to pay for separately.

Treatment and medication coverage

Health insurance also includes a set amount to cover treatment, medication and other health supplies. The items in question often turn out to be the biggest expense in treatment. The amount you pay for medication is determined by the insurance package you are taking.

Preventive health care

While insurance is not a guarantee that nothing bad will happen, it does allow for mitigation of potential financial losses should accidents occur. The best way to protect your health is with preventative measures. The fact that we can get timely care and a quick response to an accident, or the very fact that we have access to specialists, medications and services that would otherwise be harder to access, is one of the main reasons to trust health insurance.

Security

And of course, all of this equates to a better and higher level of security amidst the main factor in life, which is precisely unpredictability. There is no way we can make absolutely sure that things will always be okay, but we can make choices to prepare for undesirable situations if we take action in time.

 

Where can you get health insurance?

At Netins Insurance Brokers, we are a specialist insurance broker with many years of experience in the industry. We offer standard health insurance services including preventative care, inpatient and outpatient treatment, physiotherapy and rehabilitation, dental treatment as well as coverage for additional medical services such as tests and medications. At Netins Insurance Brokers, we offer individual treatment to every client because we know that everyone has different needs and capabilities. When choosing health insurance, carefully assess your specific needs and clearly communicate them before signing any contract. Also make sure the capacity of the insurance meets your expectations. Our nationwide consultants can offer you the best solution and answer any questions you may have! 

 

For more information, you can email us or visit our offices!