Do you even need health insurance? | Psychology of Money

Think you can skip health insurance because you’re young and healthy? Think again! This video reveals why investing in health insurance now is crucial, even if you haven’t faced any health issues yet.

Nifty’s CAGR is at around 12% but meanwhile, we are forgetting about the compounding medical costs. Medical costs are skyrocketing at an alarming rate, with annual increases reaching 10-14%. Without health insurance, these rising costs can easily cripple your finances in case of an unforeseen health issue.

In this video, we will provide you a checklist to choose the right health insurance without being overwhelmed, how to avoid claim rejections, and take control of your health.

00:00 Let’s begin
00:54 Why do you need health insurance?
06:08 How to get health insurance?
07:26 Health insurance checklist
10:21 Red flags when choosing health insurance

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