Why is Insurance Important? Health and Life Insurance Info

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This page contains dozens of short articles that will help you quickly understand international insurance. Some examples: The difference between gambling and insurance, Why Americans want international health coverage, etc. Choose an Article From the Topics Below

Importance of Insurance

Why Insurance is Important

"Well, it's not important. I'm healthy (never been sick), my wife is healthy and also my children. Insurance is a rip-off, a waste of money! I don't really need it!" If you were 100 percent sure you or your family will never get sick or injured tomorrow, next week or next month, it would be a rip off. Are you 100 percent sure? Do you know the future? If you are 100 percent sure that you will never get sick, you should "never" get insurance!

Unfortunately, no one is brilliant enough to see what tomorrow holds. But you say, "I will take my chances." Okay, but if you or your family gets ill or is injured, who will pay for it? Do you have $50,000 or $100,000 set aside for such emergencies? It could take $25,000 just to med-evac an injured family member to your home country. And what if the care was life long? What if a family member developed Crone's disease or diabetes, etc.? Now you need tens of thousands of dollars for life-long care.

I have a friend in Phoenix who, as a young college student, made a simple jump from a hillside and broke his back. He has been in tremendous pain for years. His medications are now costing him $2,000 a month. (By the way, he strongly believes in insurance.) Now, if you don't have money set aside for medical expenses, you will have to turn to your friends and family, or to your donor base if you are a volunteer worker. How will they feel? Will they consider you a good steward? And will they be able to finance your medical needs for years to come? Won't their charity eventually be exhausted? These are all very real questions of real situations that happen every day. The very existence of insurance companies is proof that insurance is meeting very real needs. It is important that all of us, especially overseas workers, have good health insurance.

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Health Insurance in the USA

"Jeff, I just wanted to say a quick "Thank You" for the newsletter, or "Quarterly E-Bulletin." I don’t know if this is all your work or a team, or you buy content, or just who puts it together; but I’ve gotta say it’s one of the few pieces of its kind that I actually *read* top-to-bottom. [The "Quarterly Bulletin" is written by Jeff, assisted by the GNI staff.]"

(DS, Pennsylvania)

"Nelma, Thank you so much for your immediate help in getting my credit from the insurance company. It’s this kind of service from you and your partners that keeps me coming back to GNI for ALL my international insurance needs. "

(KD, California)

"Trish, Thanks so much for your follow-up on this. We actually got a check in the mail already, covering all the charges minus the $250 deductible. I was surprised and pleased that we got it so quickly! Thank you again for taking care of us. You have been extremely helpful, Trish."

(AR, Indiana)

"Doug, I wish to thank Pei for the first class service I received. I value great customer service having worked for a Japanese airline for 17 years. I believe the service reflects the management."

(TM, New York)

Library of International Medical and Health Insurance Information and Resources