3 Reasons Seniors Should Consider Private Health Insurance

a doctor holding a stethoscope

It is an uncomfortable truth that we tend to need better healthcare as we get older. This is always something that should be kept in mind, but it is a consideration that is eased by public healthcare systems that are in place currently. Public healthcare systems are stymied by controversy and limited funding, however, and not every country has a public healthcare system to speak of. Public healthcare is a boon to society overall, but it is important to know what its limitations are. When going through healthcare plans, here are a few things to consider if you are on the fence between public and private healthcare.

One of the more notable disadvantages to public healthcare is that it tends to provide a less timely experience. The wait time between a doctor’s appointment and medical treatment of a patient in Canada in 2001-2002 averaged 16.5 weeks overall, where the average geriatric patient in the United States waited between 33.4 and 38.4 days in 2001. You might get a shorter wait time if you require treatment for a more serious condition or if your health is generally poorer as a matter of triage, but the wait time tends not to vary greatly beyond this. These statistics are not perfectly compatible, admittedly, but they paint a relevant picture well enough in this case.

Privatized health care tends to have the advantage of giving you a wider variety of healthcare options that are more likely to benefit your specific situation as well. Private health insurance may help you cover costs that public healthcare might not provide for free, and even if you don’t want a full-blown private health care insurance plan you can still pay for a plan that helps you with costs like Medicare co-pay. Notable services that are not covered by United States public health care systems include services like assisted living and nursing homes, however, so if you plan on needing members of your family you should look into the private sector of healthcare. Whether you need an expensive chemotherapy treatment or just an opinion by a real medical professional on what a vitamin supplement like Tinnitus 911 does, it is hard to go wrong with private health care if you can afford it.

Public healthcare, while undeniably beneficial to many people, does not have a concrete future depending on where you live, unfortunately, and this is a major concern for a lot of people. With the controversy that surrounds universal healthcare in the United States, for example, Medicare, Medicaid, and the Affordable Care Act all have several ways they could change drastically between the different presidential administrations. In Britain, cancer treatments are a major concern in health care and it is not certain whether or not the situation will improve given the involved strain on doctors and medical resources. Public insurance is better than not having insurance overall, but private health insurance is likely to be more helpful in the long-run.

If you or a loved one needs healthcare, private healthcare tends to be better overall. From the number of options that you have to the time you have to wait until treatment, privatized healthcare has a higher ceiling for quality medical service. A hard-earned retirement fund is understandably a precious thing, so taking the time to find health insurance with iSelect and compare health insurance policies amongst themselves can be helpful as well. Public healthcare systems are not without their merits, of course, but you should try to go for privatized health care that provides quality medical advice and services if you can afford it.

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