When you are young, life seems carefree and fun; hardly anyone wants to think about disease and misfortune during their 20s. While youth is the period of excitement and new beginnings, it is also the best time to give some serious thought to one’s health and finances for the future. We never know what will happen, and so one must prepare for the worst. A well-designed health insurance policy can help you plan for your future by taking care of your medical contingencies when they arise. This also ensures that your other plans stay on track.
However, many individuals in their 20s do not consider taking a health insurance policy as they feel that they are young and healthy. The truth is that securing yourself at a younger age can bring in many benefits, health-wise as well as financially. Let’s look at some of these benefits in this article.
1. Premiums are lower
Health insurance premiums are generally very low when the policyholder is in their 20s. This is because the chances of the policyholder falling sick or getting hospitalized at a young age are quite low and thus, the chances of them filing for claims are also low. Insurers base the premiums on the risk they undertake when they issue a policy. Since people in their 20s are at lower risk, the premium is low too. This makes your 20s the ideal age period during which to purchase a health insurance policy.
Read Original Content:- Why Your 20s Are the Perfect Time to Get a Health Insurance Policy!