Each of us wants to buy a health insurance plan to provide our loved ones with the greatest insurance when needed. However, with the introduction of various health insurance plans, choosing the right plan can cause confusion.
Traversing so many types of strategies, its functions, inclusions and limitations seem to be a daunting task. To avoid trouble or time constraints, many people end up buying a medical plan without knowing whether the plan is suitable for them.
Here are some useful tips to help you choose the best health insurance plan for your family.
1) Look for the Right Policy Coverage
Choose a health plan that provides you with a wide range of medical problems insurance, pre- and post-hospital insurance, ambulance charges, critical illness insurance, maternity allowance, cashless treatment, daily hospital cash allowance, hospitalization, etc.
You are purchasing medical insurance for your family. Please make sure that the policy can meet the needs of every member who needs insurance.
Consider your requirements, compare different plans, check strategic features and limitations. We may miss some hidden factors, such as sub-limits, waiting time, etc.
Therefore, please make sure that you have read all the policy language of the terms and conditions. This will ensure that you and your family do not have to face any trouble when making a claim.
2) Look for Flexibility To Add New Family Members
When purchasing a family health plan, make sure you can easily add new family members. If the oldest family member dies or is no longer eligible for insurance, other family members can continue to implement the same plan without losing the benefits of the plan.
3) Check the Waiting Period Clause
Generally, health insurance plans cover past illnesses, maternity expenses, and certain specific treatments, such as hernias, varicose veins, etc., after a specified waiting period (ie 2 to 4 years). Different plans will vary.
For example, maternity expenses are usually paid 2 to 4 years after the date of purchase of the policy. Make sure you check the duration of pre-existing illnesses covered by the family health plan and choose the plan with the shortest waiting time.
4) Check the Co-Payment Clause
This is the percentage of the amount you must pay from your pocket. The insurance company pays the remaining hospital expenses. For example, if your policy has a 10% out-of-pocket expense clause, this means that the claim amount is Rs.
For 100,000, you need to pay Rs. You will pay 10,000 pounds out of your pocket, and the insurance company will pay Rs. 90,000 as part of the claim. You can also find policies without mutual payment terms.
5) Choose a Plan with Lifetime Renewability
Lifetime renewability is also an important factor to consider. Many of us tend to forget it. Make sure you check the number of years the policy is valid; check whether it provides limited life cycle renewability.
why? Because you need a health plan most at a later age. Therefore, choose a family health plan that provides lifetime updates. In this way, you can continue to implement the same plan for years to come, without worrying about buying another policy after exceeding the age limit.
For example, your health insurance plan can be extended to 45 years. Once you are over the age, you will need to buy another one, which will cost you more money. And, if you buy a plan with lifetime renewability, you can easily proceed.
6) Room Rent Limit
You will get a private ward, semi-private ward or shared ward, depending on the type of plan you choose. If you want to avoid paying for it yourself, it is best to choose an insurance policy with a higher rent limit.
When buying health insurance for your family, you can use the above tips to increase coverage. You will be able to make an informed decision.
Moreover, you do not need to run from start to finish when making a time claim. Now that you know the full content of the family health plan, just go to ETInsure to purchase insurance from top insurance companies in a paperless manner.