When is the right time to buy health insurance?

The development of life and the impact of the Covid-19 pandemic have made human health issues more focused. Buying health insurance is also an effective solution to protect your health. There is a famous Chinese proverb: “The best time to plant a tree was 20 years ago. The second best time is now”. That means you should act now and avoid delay in making important life decisions.

Buying a good health insurance policy at the right time protects yourself from financial difficulties and health emergencies. The right time to buy this product is now, the day you start making money is the day you have to get health insurance.

Often, people feel that insurance is unnecessary when they are healthy and free of disease. They may purchase this product later in life, but this is a big mistake. As people get older, they are more susceptible to disease and may not meet health requirements for insurance. Conversely, if a client buys a health policy at a young age, it will cover expensive hospital bills in case you don’t have any savings if you’re just starting out.

Health insurance can help you plan better financially and eliminate the risk of health problems disrupting the achievement of your financial goals. Customers can also save a lot of tax in the long term if they buy health insurance early.

You can buy health insurance when you are in your 30s or even early 40s without a health check. Most health insurance companies now require a physical exam if the purchaser is over 45 years old. If the customer is over 45 years old and does not have any medical conditions, the customer can purchase the product by undergoing a medical examination prescribed by the insurance company.

If customers have some pre-existing diseases, customers must notify before buying health insurance. They will still be able to buy health insurance, but with a waiting period of about 2 to 4 years to receive insurance benefits against pre-existing diseases.

Also, as you turn 60, your health insurance options will dwindle. Few insurance companies want to cover people over 60, although a few may design policies specifically for the elderly. However, high premiums are often high.

Purchasing health insurance at a young age enables customers to enjoy lower premiums and a wider selection of products. Finally, when you have purchased a health insurance policy at a young age, never fail to pay your premiums on time to avoid future mishaps.

Thanh Thu (according to Financial Express)