Importance of Insurance
A common question GNI receives is, “Why is insurance important?” You might be thinking, “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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