What If I Do Not Buy Health Insurance?

What If I Do Not Buy Health Insurance?


Nobody will come to arrest you and put you in jail if you do not buy health insurance.

It's completely your own choice to buy health insurance or not.

However, one thing I would like to make it very clear in the very beginning of this article that your decision to not buy health insurance today will certainly the reason of repentance tomorrow.

Since we all are humans, we need to act like humans and hence, we need to make informed choices. We must be prepared for any unforeseen situation arising out of various health issues.

Life isn't any fairy tale. There isn't anything promised and nothing is guaranteed. It's a crazy roller coaster ride. Isn't it?

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Health hazard could take you into its grip in a blink of an eye. Keeping yourself fit and well could be a good alternative to keeping yourself away from any health issue but sometimes it is not in your control. Take the coronavirus (COVID-19) for an instance.


Just have a look at how an invisible virus has taken down the entrie world. In the news it can be found how people are struggling to find beds in our country. How hard they are struggling financially to get the treatment of COVID-19 done at a reputed medical institution.

So when health issues come with its downplay and unleash it's wrath on your finances and savings, will you be prepared to deal with the hospitalization and medical costs?

Or you will break into your savings and run into debts for years?

This is why you need to buy health insurance. With a good medical insurance policy, you would not have to worry about the expenses related to the treatment of yours or your loved ones. All the costs will be settled by your health insurance provider in exachane of an yearly premium. Isn't that amazing?

Now let's have a look at what you might have to go through if you do not have a health insurance policy:

  • Without a health insurance plan, the health of yours and your family members will be unprotected.
  • You will have to break the bank in the event of a sudden hospitalization.
  • You will be always worried thinking of a unforeseen illness that could come out of the blue.
  • If you do not buy health insurance at the right time, you might not get one when you need it later.
  • Since health insurance now covers pandemics, you will be unprotected.

So it's quite clear why you need health insurance and why you need to buy it as soon as possible. If you buy health insurance early, you are likely to pay less on the premium while on the other hand, buying health insurance later could make you pay hefty on the prenium. It might be problematic for the coverage of pre-existing conditions.

This is because with the passing of age, we are likely to come across various health issues and therefore, the insurers might not offer you the best plan. Or they might offer your a mediclaim policy with lesser benefits at a costly premium.

Now the entire decision is in your own hand. If you have gone through the whole article, you must be well versed with the importance of a good health insurance in our life. When you are buying health insurance, make sure that you compare different plans online to avail the best coverage from the top insurance companies for the best price.

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