True is the old Arabic proverb which states, “he, who has health, has hope and he, who has hope, has everything”. Good health is a prerequisite for a happy life. With a number of adverse changes happening in the world today, diseases have become more prevalent and accidents have turned into an everyday affair. Though medical technology has progressed rapidly, healthcare costs have escalated dramatically. The one-stop solution for all these problems is investing in the right health insurance plan.
Read on to gather some useful tips about purchasing the most suitable health insurance plan for an individual as well as the family.
What does the health insurance cover?
In general, a health insurance plan covers the hospitalization costs and critical illness expenses for a patient. The number of health ailments covered, the depth of coverage and the coverage period vary from one insurance provider to another. It is the responsibility of the consumers to analyse these factors before settling with an insurance provider.
Have you examined the exclusions of the cover?
Before signing the contract with the insurance provider, every detail of the document must be scrutinized thoroughly. One such important information is the exclusions part that includes medical conditions that are not included in the health insurance policy.
Do you have a pre-existing medical condition that you want to cover?
Health insurance plans covering the pre-existing conditions are much more expensive than the standard plans. The pre-existing condition must be reported in advance and all pertaining details must be furnished. Do not make assumptions and ensure that the need is conveyed in full to the insurance provider.
Is cost the only factor that determines the choice of insurance plan?
Expensive premiums do not necessarily mean that the particular plan is the safest. Financial experts recommend performing ample research and comparing the benefits of each plan before making the final decision. The simplicity of the claims process, the credibility of the insurance provider and the sum assured must be compared among plans.
Whether you wish to buy a family floater or an individual cover, the above points can make the whole process of insurance easy and simple.
Note – This post contains sponsored links from Cignatt kinsurance