Buying a health insurance policy isn’t an easy task, it requires a lot of research and careful planning to have one. Unlike investment in any other avenues, you need to consider few factors before you zero in on any health insurance plan. Let’s check out 10 factors that you need to consider before you get your plan.
Simpler Claim process:
Choose a plan that has a simpler and faster claim process. Having a plan with these two benefits will be easier when you would need to settle the claim.
Family Health Insurance:
While purchasing the family health insurance 2 things are mandatory – first to know the age of all the family members and 2nd is knowing the health ailments of the family members. Also, one should be aware of any pre-existing health issues of the family members.
Choosing The Right Health Insurance Plan:
It is vital to choose the health insurance plan that covers the entire medical expenses of you and your family. Before selecting the plan one should take care of their income and the premium that they can afford to pay towards the plan. In case you are choosing any riders then the premium would be higher. So it is also important to choose the riders wisely so that you do not have to pay from your pocket at the time emergency.
Cashless Network Hospitals:
Choosing a health plan that covers maximum cashless network hospital is best as you would not have to settle any claim later. If you seek treatment from cashless hospital you would not have to pay anything from your pocket, and it is settled by the insurance company directly.
It is also necessary for women to have a health insurance policy that includes maternity benefits. With the rising medical costs, even the maternity costs are also skyrocketing. Also some health insurance having waiting period for claiming even maternity benefits. While selecting the insurance one should be aware about the waiting period and when they cannot claim for the maternity benefits.
Pre And Post Hospitalization Expenses:
Pre hospitalization is the expenses that you have incurred before getting admitted to the hospital while post hospitalization expenses are incurred after you are discharged from the hospital. Both these charges include doctor visit, medicine expenses and other blood test expenses which are significantly high. So, it is vital to choose a health insurance plan that provides coverage for both pre-and post hospitalization expenses.
Renewal For Lifetime:
Choose a health insurance option that provides lifetime renewal as the chances of suffering from illness is high at a later age. Getting a lifetime renewal insurance policy helps cover health expenses even later when you need it the most.
Free- medical Check-up:
Choosing a health insurance that insures for a free- medical check up is vital. Having a free-check-up doesn’t affect the premium but it creates awareness among individuals.
We do not have any control over any health emergency that may arise but having the right health insurance plan always helps to remain financially stable even during emergencies.