If you are young, fit and free from major medical problems, it’s hard to come to terms with the fact that you actually have to spend part of your paycheck on medical insurance. If all you regularly deal with is the occasional cold, insurance can seem like an unnecessary expense.
However, insurance is not something that just unhealthy, unfit and older individuals need to have. It is a safety net for your own health, a way to prevent rising insurance costs in the future and a smart way to prepare for medical and fitness costs that you might not expect or anticipate. Health insurance providers will be happy to take the money of a young fit person, but you can compare the market and the plans available in order to find something that also works to your advantage.
Why Healthy People Can Benefit From Insurance
Trying to convince a healthy person who regularly visits the gym can be tough. After all, being fit and young puts you at a much lower risk for all of the most common medical problems. It is important to keep in mind that it is not just hip replacements or blood pressure medication when it comes to medical insurance coverage. While riding your bicycle in the park, you might be injured and need a major surgery. Without private insurance coverage, you could be looking at thousands of dollars in fees. Health coverage gives you peace of mind when staying active, which is important because you never know what could be around the corner in the future.
Locks in Lower Rates on Your Premiums
As you might expect, a 25 year old will typically pay much less each month on their insurance premiums than someone who is 45 years old. Although you might be tempted to skip medical insurance until you think you are old enough to use it more often, it makes financial sense to lock in lower rates when you are still in your twenties. After the age of 30, many providers begin to increase their rates to compensate for the additional number of medical treatments that their customers will require. Whether or not you think medical insurance is necessary at a younger age, the financial benefits mean that it is a smart choice for young people in their twenties.
Take Advantage of Services You Can Actually Use Now
One of the biggest reasons that fit people avoid medical insurance is because they mistakenly believe that it will be a waste of their money. What you might not realize is that your insurance coverage can actually apply to some of the things that you already pay for. Some policies offer price reductions and even reimbursement for things like physical therapy after a sports injury, membership at your local gym and massages. If you are already paying each month for these types of expenses, you might be able to find an insurance policy that helps put some of that money back in your pocket while still giving you great medical coverage in case of an emergency.
Better Rates and Deals for Healthy Members
To people who are proactive about taking care of their health and fitness through a healthy diet and exercise, it can seem unfair to pay the same price as someone who is more likely to need medical attention. Insurance providers are becoming more aware of this fact, and they often offer discounts and deals to customers who are actively pursuing better health. Maintaining a healthy weight, having suitable blood pressure, achieving an athletic resting heart rate and not needing frequent medical attention means that you may be able to secure lower premiums from the insurance provider, saving you money in the long run.
Whether you are a fitness freak who visits the gym daily or someone who sets out for a morning job on most days of the week, investing now in medical insurance can be a smart decision for your finances, your peace of mind and your health.