What is more important money or Health? Difficult answer but Health scores more than wealth

What is more important money or Health?

Difficult answer but Health scores more than wealth

No Denial Wealth is what a person needed the most to provide comfort & stable life but health is something which cannot be ignored. Wealth cannot buy good health. Once you have critical health problem you could never return to the life you once had before. Following are few reasons why health is more important than Wealth

1. It is important to have good a good health to earn good wealth
2. It is important source of happiness
3. Get Peace of mind
4.  Health Cannot Be bought

Need to align Medical Insurance Plans with your financial goals
It is extremely important to make sure that you have secure future - both financially and medically. A medical expense in your 30's might seem manageable with stable income source but the same expense in your retirement life might look like big bucks with limited income sources. It is thus best practice to include a Health Insurance Plan when you are planning your finances so that your are prepared for all your expenses

Need
unfortunately Lot of things are not in our hands whether its accidents due to other's fault, adulterated food, stress, Lifestyle, ageing, psychological, heredity etc and in India most of population cannot afford medical expenses. Thus there is no second thought of not having health insurance in a country like India where medical expenses are increasing every year.

Benefits
Understanding the need, benefits & importance of health insurance in making you financially prepared against unexpected medical expenses is of core importance. The main purpose of medical is to receive the best medical care without any stain on your finances. Health insurance plans offer protection against high medical costs, it covers hospitalization expenses, day care procedures, domiciliary expense, room charges, cashless claim & also government recognizes importance of health insurance so premium paid towards your health care policy are eligible for tax deduction under 80D.



Thnks
Rasmeet
Green Hedge Capital
Family Wealth Advisory


Sources: Personal Views, Magazines, case studies, internet, related articles etc