Reasons Why Health Insurance Is Necessary For Kids

Jul 08, 2018 | 5 months ago | Read Time: 2 minutes | By iKnowledge Team

Doctor visits are not uncommon when you have kids at home. No parent would want their kid to fall sick. But, despite prevention, there may be times when you would need to pay medical bills out of your pocket. If only, you had a way to cut expenses on medical bills. Look at health insurance for your child to save on steep medical services.

Here are a few reasons why choosing health insurance for your child can go a long way.

1. Childhood illnesses and diseases

Your child’s immunity is still in the building stages during their childhood. During this time, your little one could be susceptible to common illnesses. Children receive vaccines at certain stages against a variety of diseases like polio and hepatitis B, etc. Despite these shots, there may come a time when your child would need extensive healthcare. These costs are an out-of-pocket expense that could be covered using a health insurance plan.

2. Lifestyle

Children’s lifestyles today may be as fast-paced as adults. Beginning with fast food and snacks to soft beverages loaded with preservatives, artificial colours and much more, getting children to adapt to a healthy diet can become difficult. An unhealthy diet can make children prone to allergies, which would increase their medication. Health insurance can cover emergencies that can arise out of such situations.

3. Increase in healthcare costs

Medical expenses are on the rise. Hospitalisation can sometimes be as expensive as a room in a 5-star hotel. Additional costs could include doctor or specialist consultation fees and various diagnostic tests. All these outlays could balloon your hospital bill. A health insurance comes in handy to cover these costs.

4. Kids need more care

From regular health check-ups to vaccine shots to pesky colds and surprise high fevers, young kids need more care than healthy adults. Despite prevention, illnesses can find their way into homes. Regular healthcare and treatment costs can burn a hole in your pocket. Prevent inordinate health expenses by going for a health insurance policy for your child.

5. More children getting hospitalised

According to an estimation made by the National Sample Survey Office (NSSO) (Ref), the number of children getting hospitalised has increased from 31 out of every 1000 in 2004, to 44 out of 1000 in 2014, in urban areas. This doesn’t mean your child will be hospitalised, but being a bit extra careful can go a long way. A health insurance policy can help you cover costs that may come out of any medical costs incurred.

Conclusion

Choosing a health plan for your family is a prudent decision. A proper health cover ensures you are covered for any health-related situation that may arise. To protect your kid, look for child health insurance plans. By doing this, you won’t just be protecting your child, you would also be taking a wise and important financial decision.

Advt. no: IA/Jun 2018/4115

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