Pros and cons of private health insurance

Health insurances can be one of the most tricky options to acquire. Normally people don’t feel the need to have health insurance, but they soon come to a realization that they are actually important to have. However, making sure that you get the right health insurance can again be a hard nut to crack. People need to carry out a thorough research checking out the costs, grants, variety, and different other complexities. There are specific private health insurances for pensioners are assigned to cover up all the related expenditures that might arise due to some health problems that they ought to face in the future. Lets check out some of the pros and cons of private health insurance;

Pros

1. Dodge the waiting list: The primary benefit that private health insurance holders get is that they have a relatively shorter waiting time than the regular patients. This is a huge plus for them as patients are told to wait for long intervals before they are treated. Hence, for people suffering from immense pain, they get the nudge ahead which helps them in getting treatment early.
2. Private health rooms: Although these facilities are difficult to get in government hospitals due to lack of space there, private health rooms can be demanded by insurance holders. Normally, patients are admitted in a room with several other patients which might make some of them uncomfortable. Hence, a private health insurance holder can ask for a private room where he/she can be admitted with their family.
3. Choosing the doctor/ surgeon of your choice: Some people might not be aware of it, but one of the primary benefits of getting a private health insurance is that the patient gets to choose the doctor of their choice. Rather than compromising your health for saving some money by choosing a relatively less experienced doctor, one can opt for the best possible choice in order to get the best treatment.

Cons

1. The cost: Although there are no specific disadvantages of having private health insurances, cost could be one of the prime reasons why people tend to avoid it. Depending on how many family members acquire the policy, it could cost them few thousand dollars initially. There is an option of discounts for the younger ones which helps the families a lot.
2. Excluded policies: Even after getting the most elaborated health insurance policy, you might still end up facing some costs to cover up the hospital bills. This is because some of the private health insurance policies have certain excluded treatments that are not covered under the policy. These policies have limited insurance treatments which are at times of no use for the insurance holders.
3. Part of cost covered: Like some of the policies have certain excluded treatments, there are a number of different policies that have some limited cost covering of treatments. For example, in case one goes through an accident, the insurance would only cover a part of the hospital bills leaving the rest over to the policy holder.