Individual Health Insurance
Individual health insurance is important to everyone. People have no way of predicting what will happen to them next year, next week, tomorrow, or even the next minute. The world is full of uncertainties and sometimes it is inevitable that people get diseases that they cannot afford to pay for. There are some diseases that prove to be very expensive for the average person. The average man’s salary may not be enough to pay for the cost of his health care plus the household and school expenses he has to provide for. Due to this, many people feel there is a need for individual health insurance programs that would safeguard their future.
Individual health insurance is a program that offers them peace of mind. Those who have this type of individual health insurance program usually feel secure, knowing that should anything happen to them, they or their relatives would not need to worry about the steep costs of the medical diagnostic and treatment procedures.
The concept of individual health insurance originated after World War II, when the US government gave maximum benefits to its population. In 1950, Medicare, an individual health insurance program by the government, was launched for the needy people of the different states. During the 1960s, Medical Assistance to the Aged was introduced which offered individual health insurance to the older population. Medicare and Medicaid programs were introduced in 1965. They were both individual health insurance programs by the government. The Medicaid individual health … Read more