Health insurance is generally used to describe a form of insurance that pays for medical expenses. Such insurance usually covers all or part of the medical costs of treating the disease or injury. It assists you to pay various bills from physicians, hospitals and other expenses relating to your health and may be obtained on either an individual or a group basis. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs.

 
Health they say is wealth and as such, the need for health insurance can not be overemphasized. A healthy nation is a wealthy nation and this brings about the need for every Nigerian to have access to prompt and adequate medical attention whenever the need arises.

 
In Nigeria today, medical and healthcare costs have been on the increase, making quality health care service out of the reach of many. Several emergencies occur everyday that end in fatality because of the prerequisite of down payments before treatment even in public hospitals. A lot of people lose their lives daily as a result of not being able to afford such high medical bills.  Health insurance comes in as a rescue as the risk of such huge medical bills is covered by the insurer.

 
In the history of Nigeria, health insurance can be applied to a few instances:  free health care provided and financed for all citizens, health care provided by government through a special health insurance scheme for government employees and private firms entering contracts with private health care providers. However, there are few people who fall within the three instances.

 
There are different ways in which you can acquire good health care insurance, one of which is through your employer: This is usually the cheapest way to have insurance since the employer pays most or the entire bill but you get to lose coverage when you leave the job. Another way one can get health care insurance is through an individual plan. People who are self-employed as well as people whose employers do no offer coverage get this kind of insurance. The individual foots the bill in this type of coverage, but the cost of insurance is much cheaper than paying for one’s own medical costs.

 
Health Insurance is all about protection having a health insurance is more important that most people realize. Insurance is not a waste of resources since you cannot predict the future. With the rising cost of healthcare, who will pay your bills if you have a serious accident or a major illness? Health insurance is a good financial investment that will help keep your and your family safe and ensure that you do not get overwhelmed with health care bills if one of you should have an accident or have severe health issues.