5 Alarming Reasons Why Millennials Need to Invest in Healthcare

The urgency and requirement on investing in healthcare for millennials starts with a history lesson. Since the 1800s, history has seen a worldwide phenomenon of disease spreading across much of the World, every 100 years. In the 1800s it was Cholera, in 1900s it was the Spanish Flu and in the 2000s we are experiencing the Corona virus which has spread across all corners of the World leaving every connected corner of the World squabbling for some help to end the rage of what may be a product of Mother Nature’s wrath or an inevitable accident in the animal kingdom.

With the world population rising exponentially, millennials today always saw it coming but were somehow blindsided. Whether it is in the hints of pop culture phenomena that is the science-fiction idea that the undead will rise or the scientists constantly warning of a possible outbreak of disease in their studies and research, how did miss it or simply not care until it entered our homes? Perhaps, that’s

Why Millennials Healthcare is So Important

Let us take a closer look at what makes millennials (which includes people between the age of 39 years to 21 years) in dire need of a sustainable healthcare plan.

1. Poor Lifestyle: It goes without saying, the millennial lifestyle is one of the unhealthiest. High levels of air pollution, unhealthy fast food, increased stress, reduced sleep and limited exercise all led to what Forbes calls the millennials “the unhealthiest generation at work”. Access to healthcare and preventive care products are vital in this battle. While lifestyle changes are not happening overnight with the pandemic worsening the situation a solid healthcare plan that helps to aid both financially and eventually aid in lifestyle changes are absolutely a necessity. Therefore, Importance of healthcare for millennials is not a privileged conversation anymore.
2. Age Matters: Now this is an advantage for millennials. Health plans are cheaper at a younger age as the annual payments are lower when younger and rise negligibly with time. This is as against getting into a health plan with the annual payments digging an unrepairable hole in your pocket. So, age is on a millennials side financially when it comes to investing in health. Why not use this advantage? Invest in healthcare plans as early as possible. Ideally, you should do so as soon as you get your first job. Don’t worry though, if you haven’t it’s never too late to start. Set aside some money and get a good quality healthcare membership today so that you don’t have to worry about it later.
3. Save By Investing: According to a YouGov-Mint survey 50% of millennials are said to save only 10% of their income. With the high cost of healthcare, 10% is nowhere near sufficient in the case of a medical emergency. In the unfortunate case, you are hospitalized, you can find that your life savings are quickly spent. It hence is not a liability, but an asset. It allows you as a millennial to save more for your dreams instead of spending it on your healthcare. For millennials, a healthcare plan is step 1 on the journey to financial independence.

Read the complete story Why Millennials Need to Invest in Healthcare? at Onsurity’s blog page.

Originally published at https://blog.onsurity.com on March 22, 2021.