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Why women need to think about the pros and cons of health insurance


28th Aug 2019 Insurance & Legal

Why women need to think about the pros and cons of health insurance

Women are less likely to seek treatment for illnesses and disorders than men. But everyone, no matter their gender, should invest in their health if they want to maximise their quality of life and minimise associated medical bills. We look at a few ways women should think about health insurance differently. 

See Preventative Care as an Investment 

Preventative care is not a waste of time or money. It’s a low-cost way to maximise your health. It's cheaper to prevent conditions like heart disease and diabetes than treat them later. While you can do only so much to reduce your cancer risk, early detection could make treatment much less painful and much more likely to be successful. This means you should make getting annual check-ups, vaccinations and cancer screenings a priority. And when a doctor recommends getting more tests done, get them done - don't let a potential problem fester. 

Understand that Private Health Insurance Is Protection   

You won’t need to pay a Medicare levy surcharge if you have Private Health Insurance. That's just one of the small benefits. Private Health Insurance provides a measure of personal and financial protection. It covers you when you're in an accident or become unexpectedly ill on holiday abroad. Private health insurance is necessary to get in to see a specialist quickly when you think something is wrong. A side benefit of private health cover is that it also covers the cost of specialist care and treatments at top-notch private hospitals, so you'll get the highest quality care if something out of the ordinary happens. 

Create a Healthcare Team You Trust   

Women tend to value individual relationships over organisations. Women are also more likely to minimise the severity of their condition or fail to share certain details. This means women get more out of a doctor-patient relationship. Women should cultivate a relationship with a doctor they trust, so they're more willing to share information or things they're unsure about. See the same medical professionals regularly over time so they learn about you and your medical history. You lose a lot of detail when you're seeing a different primary care or OBGYN every year for an annual checkup. 

Understand the Real Risks   

There's a lot of focus on breast cancer, but surprisingly the most common cause of death for women is heart disease. Cancer is the second biggest killer, but lung cancer kills far more women than breast cancer. Stroke is the third most common cause of death for women. And it’s a leading cause of disability. About 60% of strokes occur in women. Understand the conditions that are most likely to strike you and how to minimise the odds of them occurring.  

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