Young and healthy? Time to get health insurance

Posted by: Inform on 13 April 2008

 You’re young and healthy so you think that health insurance isn’t a priority in your life just yet…?

Surprisingly the opposite is true. The perfect time to insure your health is while you’re young and before you suffer any health problems. Why? If you develop a medical condition before getting health insurance, it is likely that you will never be able to get cover for that condition. This is because health insurance companies typically won’t pay for the treatment of a pre-existing medical condition.

Health insurance is really the only type of insurance that you will require throughout your whole life - which is exactly the reason why you should get a good major medical plan up and running as early as possible. It's all about your 'future insurability'. You can't wait until you get sick or develop a health condition and then decide that health insurance is important - it just doesn't work like that. You need to get cover while you're healthy, with as few exclusions as possible, and then you'll have a good level of cover into the future. The healthier you are when you start your insurance plan the better 'value for money' that plan will be throughout the rest of your life.

The fact that health insurance companies don’t usually cover pre-existing health conditions can also make it very tricky to swap from one policy to another (because the new insurer will ask questions about your medical history and you may end up with exclusions that weren’t on your old policy).

So, it’s not only important to get health insurance sooner rather than later, it’s also very important that you get a top quality plan right from the beginning (you certainly don’t want to be stuck with a low grade policy for the rest of your life).

Please click for more on choosing health insurance