Health is probably one of the most important investments for an individual. In today’s world, health is one of the most neglected parts of a human’s life. People are too busy in their professional life to earn money that they have been unable to take care of their health. Various professions are full of stress nowadays, and due to increasing workload, it is affecting the health. Due to such a lifestyle, people nowadays, face a lot of health problems. We can often see cases where people have suffered to a heart attack and other major diseases that should have come with age.
Also, due to the advancement in technology, healthcare facilities have become a lot costlier. Getting admitted to a private hospital can cost months of saving just in a few days. Nobody wants to spend hard-earned money on hospitalization only in a day or two. Apart from this, a person does not want to compromise on the health care facilities that are provided to the families or themselves. In such cases, the only way to save money and give the best of Healthcare facilities is through Health Insurance.
Health Insurance is a Health Care policy, where a person has to pay an annual premium for himself and his family members. It provides Health Care coverage and Healthcare facilities for the person in case he is admitted to the hospital. If you have a Health Insurance, then you do not need to pay anything from your pocket, and the policy will cover the entire medical expenses. There are many types of Health Insurance available in the market, which can be a cashless or the amount will be refunded to you after you perform your pocket. Since there are many Health Care Insurances available in the market nowadays, it is tough for a person to select the right Health Insurance for self and family. Many things need to be considered before choosing a Health Insurance policy. Let’s discuss a few of these.
Diseases covered: One should confirm the list of illnesses covered in the Health Insurance policy. Certain ailments are not covered in any Health Insurance. Conditions such as HIV, cancer, etc., are not included in the ordinary Health Insurance policy. Therefore, one needs to make sure that all the possible scenarios are covered in Health Insurance. Otherwise, the amount will be paid from their pocket.
Premium Amount: The premium amount will depend on the number of people subscribing to Health Insurance. Many companies provide an attractive offer if a complete family is covered under Health Insurance. Due to the availability of multiple Health Insurance policies in the market, there are some great and attractive offers available on it. If you do not use your Health Insurance in a year, you can also get additional discounts on the next year’s renewal premium. Therefore, before selecting a Health Insurance, make sure to look at the offers available in the market.
The network of hospitals: Currently, most of the Health Insurance policies cover all the minor and majorly known hospitals. However, a person needs to make sure that all the major hospitals, including the one nearest to them, are also covered in the Health Insurance policy. This will make sure that they do not have to go far for medical facilities, in the time of emergency. The list of network hospitals is always available on the website of the Health Insurance Company.
Cashless policy: Earlier, Health Insurance policies are made in such a way that you have to pay at the hospital and later will be provided with the refund for the same. But with the change in company policies, cashless Health Insurance has appeared in the market. In this type of system, you can get admitted to the hospital, and the company will pay on your behalf. This is one of the best features of a cashless Health Insurance, where you do not have to pay anything from your pocket.
Pre and post facilities: This is another feature that one needs to make sure, are available in the health policies. In Health Insurance policies, the company covers the entire medical test done before being admitted to the hospital. Also, it covers the cost of any medicine and doctors consultation fee, 30 days after being released from the hospital. With coverage of post-hospitalization or recovery cost, Health Insurance has become more beneficial for an average user. You can also confirm if the Health Insurance policy provides your full body checkup every year. This is one of the most common features that every Health Insurance policy is providing to the customers.
Claim Process: Before selecting a Health Insurance, make sure to check how many claims the company has settled till now. High settlement ratio means the company can settle your Health Insurance claim quickly. Do not select Health Insurance with low claim settlement ratio as you will face problem while paying the bills. Ask the person who is assisting you in getting Health Insurance whether the claim process takes a long time or not.
So these were some of the significant points that you need to keep in mind before purchasing a Health Insurance. Health Insurance is a very crucial and essential saving feature for your family and yourself. You can avoid a lot of expenditure on health facilities by purchasing Health Insurance. It not only guarantees you better medical facilities but also provides peace of mind. Make sure to check all the terms and conditions, the claim process, the extra facilities provided with it, and the maximum amount you can avail under this policy. Check the amount that has been ensured in the system, to make sure that you do not fall short of the money while being admitted in the hospital. Lastly, check the policies provided by stable and the most known Health Insurance Company as they are more likely to offer better health insurance policies and facilities.