Financial Education
Jan 19, 2021

Know What Health Insurance is and How to Choose

health insurance

What is Health Insurance? How to Choose??

There are still some of us who don’t know what real health insurance is!  Health is your most valuable asset, this kind of awareness is now widely owned by most of the citizens of the cities in Indonesia.  It’s no wonder that now everyone is competing to maintain their health from all sides, just because they want to always be in a perfectly healthy condition.  A healthy body is the most important asset for someone to live their life’s activities at its best today.  Unfortunately, the risk of getting sick is sometimes unavoidable and often comes unexpectedly.

In order to keep and support a healthy life, people are still faced with complicated financial problems.  With the intention to provide a professional cooperation so that people are free from concerns about funds if they have a health-threatening condition, insurance comes to offer the deals that are sufficient for the policyholder to use.  Insurance is considered capable of protecting the financial safety as well as ensuring the healthcare if sickness attacks, via the disbursement of funds that will be paid by the health insurance company in return for joining as a health insurance policyholder.

The needs for health insurance, then becomes a valuable business field so that there are countless health insurance providers in Indonesia nowadays, people are starting to be lured into various insurance products that may not give benefits, but may create losses.  If you are also interested in insuring your health now and so that you do not fall into misleading insurance choices, it is better if you understand a little about the definition of health insurance and how to best choose the suitable health insurance products.

Definition of health insurance

Clearly, the definition of health insurance includes a product that provides a definite protection (insurance) for your health which will reduce the costs that you have to bear when you are sick or have an accident that requires you having to be hospitalized such as an accident.  Because your health care costs will be borne by your insurance company.  You clearly do not get this insurance fund disbursement claim for free, because the system owned by health insurance requires you to pay an amount of money / an insurance premium at a previously agreed nominal.

Insurance is the most effective way to save you from the pressure of expensive healthcare services.  This is considering the way the insurance works which uses a risk transfer system which transfers and includes a person’s burden into the group’s risk responsibility.  So that the burden on each health insurance holder will feel much lighter because it is co-financed.

Of course with the help of this health insurance, insurance holders will feel how lucky it is to insure themselves on health insurance because treatment costs ranging from paying for hospitalization, paying for doctors, redeeming medicines, operating costs will be borne by the insurance company with the total disbursement of funds according to the initial agreement.  You will be able to overcome the continuously inflated healthcare costs if you join a health insurance and you will experience the real benefits, especially if you are sick and need a lot of funds, your anxiety will be slightly reduced because the company will cover your medical costs.

Insurance Selection

With regards to the definition of health insurance that has been informed, now we can discuss how to choose the suitable health insurance for you. The number of insurance options should not make you trapped and fall for insurance options that actually make you suffer losses.  To find the right insurance product, do a detailed search of many insurance products.  Do not be consumed by low-premium insurance incitement, because with a low premium there could be certain provisions in the policy that might lead to financial losses later during claims.  Don’t hesitate to ask any unclear terms and conditions of insurance policy to the customer service.  This way you are guaranteed able to determine the insurance option that is suitable for you.