The costs of treatment have been rising by the day, making medical treatment increasingly difficult for many, especially for the low income groups.
Health insurance plays an important role in ensuring that an individual gets the best treatment, irrespective of the costs.
In almost all the countries, health insurance has played a stellar role in ensuring that a bigger portion of the population was covered.
However, the coverage in many countries has been a matter of concern because of the inadequate coverage of the population.
In other words, health insurance, till date, covers the population of a country partially only.
Health small business needs to be guarded by adequate protection by suitable insurance plans.
The insurance plans must, in other words, be able to protect the small businesses with adequate financial cover.
The plans must be able to take care of the risks that the health small business have and have plans in place for adequate protection to the business.
There are certain reasons for the inadequate coverage.
Let us look in to these reasons: Many people are still unaware of the benefits of health insurance and conversely, the difficulties of not having one.
Many people are still entrenched in to the conventional idea of using up their savings for treatment of someone.
No wonder then that they would refuse to subscribe for an insurance policy.
Hence, for individuals as well as small business, the awareness of the importance of insurance is critical.
The values that insurance on the medical front brings to the small business as well as the individuals on a whole cannot be just measured in terms of some numbers only.
Many people are unable to afford the high cost of insurance policies.
Because of their economic conditions, they are unable to pay the premiums on a sustained basis for an extended period.
A comprehensive awareness mission needs to be launched that will encourage people to subscribe for health insurance policies.
The audio visual media needs to be roped in to spread the awareness about the benefits of health insurance and conversely, the difficulties of not having one.
The insurance companies, as part of their social commitments, need to formulate insurance policies specifically targeted at the economically backward sections.
The Government too, needs to step in as a policymaker and a maker of insurance policies so that the virtues of insurance could be spread to the entire nation.
Hence, cheap insurance will have a stellar role to play for the small businesses as well as the individuals on every front.
These plans can accord protection in terms of financial protection from contingency.