Demand for health insurance continues to increase

Investing in health insurance is becoming an undeniable trend in the modern context and in the face of unpredictable changes. The reason why the demand for health insurance continues to increase is partly because people have become more aware of health protection, and partly because of the benefits that insurance can bring when medical expenses and unexpected risks are increasing.

Demand for health insurance continues to grow

The government’s decision to allow hospitals to properly and fully include 1,800 types of drugs and medical equipment in their treatment fees has led to an increase in hospital fees. Meanwhile, the rate of people suffering from serious illnesses (especially cancer) is also increasing, even among young people. Faced with these medical costs, people are gradually realizing the importance of a health insurance contract.

Health insurance will help participants pay for many necessary medical expenses such as hospital fees, medicine, surgery costs, rehabilitation costs, etc. Thanks to that, participants and their families will reduce some of the financial burden when facing unexpected health risks.

Ms. Nguyen Tam Anh (Cau Giay, Hanoi) has registered for health insurance for the whole family with a fee of more than 2 million VND per person. With this insurance package, she and her family can be paid more than 1.3 million VND for each outpatient visit and more than 50 million VND for inpatient treatment if they encounter health risks, in addition to many policies related to maternity and medical subsidies. Her family also does not need to pay in advance in cash but can use a hospital guarantee card if they are unfortunately hospitalized.

In addition, as income and living standards improve, Vietnamese people are also paying more attention to their health. They realize that health insurance is not only a financial solution to help them reduce the burden of medical expenses but also a "bridge" for them to get closer to quality medical services.

Demand for health insurance continues to increase — Health insurance helps reduce the financial burden for participants when risks occur. Photo: Shutterstock.

Factors that prevent buyers from accessing health insurance

Bringing health insurance to everyone is still facing many difficulties. Many people think that insurance is only necessary when they have an accident or get sick, and do not see it as a preventive measure and financial protection against potential risks. There are also many people who think that only state health insurance is enough, no other insurance is needed.

In addition, insurance companies today have deployed at least one type of health insurance product with benefits ranging from low to high. This makes some people feel confused by the different insurance packages on the market, while others do not really understand the benefits that insurance brings.

Insurance contracts often contain a lot of content, up to hundreds of pages with each page covered with words. This leads to participants not understanding the terms and not knowing their rights when an incident occurs.

In addition, although health insurance is a useful product, the cost of participation is quite high. Based on data from the Ministry of Finance, the average price of a health insurance contract can increase by 10% per year. This puts a burden on some people and makes it difficult for them to participate in the long term. In addition, many negative news often appear, making some people reluctant to participate in insurance even though they want to.

Understand health insurance to make smart choices

Buying health insurance is not only spending money to prepare for risks but also an important financial decision. Participants need to buy health insurance regularly over the years to be able to protect themselves and their families from economic burdens when risks occur. However, this can potentially affect the finances of individuals and families in the future.

To make a smart decision, people need to carefully understand the aspects of health insurance such as coverage, compensation, participation fees, benefits and exclusions of the contract. Understanding health insurance will help people realize the importance of this type of insurance as well as have more information to choose the insurance package that best suits their needs and finances.

Nowadays, as technology is increasingly developing, people can proactively find information about health insurance on many digital platforms, including Bowtie Vietnam Blog.

Bowtie Vietnam Blog is a platform specializing in providing reputable and reliable information on the topics of medicine, health and insurance, especially health insurance. Currently, this platform is building a Health Insurance section with the hope of bringing Vietnamese readers useful information about this type of insurance. Coming to Bowtie Vietnam Blog, readers will better understand health insurance as well as experience in buying health insurance, thereby making the right choices to better protect the health and finances of themselves and their families.

(Duong Hung)

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