Health Insurance and The Reason for It to Be Free

As we all know that health is the greatest wealth one could have, I have a small question to point out. Does everyone around the earth are super healthy and haven’t by any chance fallen ill, met with an accident or face a surgery. True, many of us are lucky enough to face the latter two examples, met with an accident or facing a surgery. But there are lots of people out there who are suffering from illnesses and injuries and undergoing major surgeries. As it is the greatest wealth the protection we should offer to cover the damages is too costly. Sometimes when such situation occurs, the one who face it will have to undergo a financial difficulties, even bankruptcies. That’s how costly it is. Don’t you like to have a free health care where do you need not to pay a penny? You would love to have such protection. But is there any free health insurance policies in the world? Which countries offer free health care to their residents plus more details regarding the same is penned down through this article.

What is Free Health Insurance

The word, free health insurance may be a surprise or a wonder to some who has to pay big amounts to cover themselves from the potential damages. Definitely the policy holder has to pay premium, unless his insurance coverage will be inactive. But there are some countries on the earth witch provide free healthcare system without charging a penny from the victim. This article itself is providing the details of such countries and before that it is important to know what is exactly mean by free health insurance. For better understanding let’s see what is mean by health insurance, first. It is non-other than the insurance coverage purchased by a particular individual to cover the expenses made on medical care or treatments. Coming to free health care, it is provided by the particular country’s government in power to all the citizens completely free when they find the service necessary. It is true that government collect taxes from all the citizens and by using these taxes they take care of citizens whenever they need medical treatments. So the citizens need not to register anywhere and there are no deductibles, premiums, or other fees and everything is just paid by the taxes. No burden at all. That’s how it really works.

Importance of Free Health Insurance

Not everyone is financially stable to spend money as much as they can on education, family expenses, rentals and list goes on. So for these people having to pay for a health insurance may be a huge burden and by any chance if such person has to face huge medical bill, he will be in unbearable financial burden or sometimes may be bankrupts. Thus their entire life plan will be flat to earth. But the situation is exactly the opposite if the citizens are offered by a free health care system. Every single citizen will be taken cared by the state or the government since birth till death using the taxes they collectively paid. Therefore everyone, irrespective of their employment, social class and income level, would be able to enjoy the benefits of this.

Which Countries Offer Hree health Insurance

This is the most important section of the entire article as I guess. Because it is interesting to learn about the countries providing something luxury like health care for free of charge. Isn’t it. Finnish health care and insurance system can be highlighted as a great insurance system because irrespective of financial position, all the citizens are covered with a universal policy. The insurance is completely free and funded by the state using the taxes paid by the general public. Denmark is one of the happiest country next to Finland as per the World Happiness Report 2019. Danish people claim that they are happy because of the benefits provided by the state like free health care. Another country where there is a superb health care and insurance system is Poland. Narodowy Fundusz Zdrowia is a public fund and the health care system was taken cared by this fund. Every citizen has free assess and they all are considered insured. Likewise most of the European countries offer free health care and insurance to their citizens while competing with the private sector companies which are providing health insurance, so that every citizen, even the citizens who are not financially stable to afford it will be well taken cared.

Bottom Line

Ever since I started to write about health, the mostly used phrase is “Health is our greatest wealth and it is your responsibility to take care of it”. But doesn’t matter how much we cared about our health, situations and circumstances will arrived as we have never expected even in our wildest dreams. In such cases you have to depend on the health care and the insurance system your country offer. If you are in a country which offer free health care and insurance system to all of its citizens, then you are lucky. Unless you are in such country or if you are not in a good financial position to bear the medical bills drawn under your name, you will be in trouble. That is why a free health insurance is that much important. Just Google, there are some other countries with free health benefits other than the countries I mentioned above. Stay with us for more info on health care and insurances.

Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over numerous persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.[1] The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.