It is important for young adults to consider health insurance as medical emergencies can occur at any time and the costs of medical care can be high.
The younger you are, the lower the premium you pay for health insurance as insurers generally charge lower premiums to young and healthy individuals.
Waiting to buy health insurance later in life can lead to higher premiums as insurers consider age, health status, and pre-existing conditions when setting premiums.
Many employers offer health insurance as a part of their employee benefits package, so it is important to take advantage of this if it is available.
A comprehensive health insurance plan can cover a wide range of medical expenses, including hospitalization, surgery, diagnostic tests, and even mental health treatment.
Health insurance can also provide tax benefits as premiums paid for health insurance are eligible for tax deductions under Section 80D of the Income Tax Act.
Buying health insurance early can also give you the time to understand the policy details and make informed decisions about the coverage you need.
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