Taking care of your health means being responsible. The pandemic has shown us how irresponsible we humans can be, but also how much we do not care about our health. That is why we need to fix it, and the results of the positive changes are already noticeable. Nevertheless, we need to give ourselves more protection, especially in such circumstances when we see how difficult it is to remain protected from the new virus. For that purpose you need to pay your own health insurance.
In this ever-changing economy, the cost of healthcare is on a steady rise and it is going to remain so for a long time. Nobody is safe from diseases that are occurring all around us. Keeping that in mind it is important to ensure that the health of your family is insured against all odds. The lack of finances is the last factor that should deter you from getting the best medical facilities for anyone in the family. In order to ensure that such a situation does not arise, one must invest in a good health insurance policy that is going to be your guide during times of need.
There are a lot of insurance companies like Care Health insurance Company, ICICI, HDFC, etc. in the market with various plans on offer. It can get a little intimidating and confusing while making sure that you invest in something that is best for your family.
Advantages and Tips to Help you Choose the Best Health Insurance Plan:
Below are a few tips and advantages of Health Insurance
1. Co-Pay Percentage:
Every plan has a different co-pay and deductible clause in their terms and conditions. A co-pay clause requires the insured to pay a certain percentage of the medical cost before the company chips in. A plan that has a minimum co-pay percentage is ideal and should be opted for. A deductible is on similar lines however an amount is fixed in this. A plan with the lowest possible deductible should be chosen.
2. Customized Plan Based on Age:
According to the age limit, health differs, ie the younger and better the body is, the more resistant it is to any unwanted health conditions. This is because the organism in younger people is revitalized faster, ie the destroyed cells are regenerated faster and the vitality of the organism and the resistance to any conditions is restored in a very short time. In older people, it is a little more difficult given the age, because as the years go by the body gets older and it is harder to deal with the conditions that occur in that period of life.
There are different types of health insurance policies depending upon age and requirement. Younger individuals have the option of choosing a plan depending upon their age, the kind of job they do, and marital status. Someone who has a job where the risk of accidents is higher might require personal accident insurance whereas someone who has a desk job will not necessarily require this. For older people, it depends on their age and the history of diseases. Similarly, there are health insurance family plans and individual floater plans available. The offers and benefits of each plan should be carefully analysed before the investment is made.
3. Hospital Expenses:
We are sure you have heard of at least one case where the hospital stay bill was too high. This is because hospital stays are never covered and patients always have to pay for it themselves. The bills are high because they charge for the bed that is occupied at the moment, the bedding, heating or cooling of the room, the meals, the drinks that are received, the medicines that are taken during the stay as well as the visits of the doctors and nurses for the check during the day. It’s not cheap at all.
One of the biggest expenses during medical treatment is the cost of the hospital room as it often constitutes the major portion of the bill. Different insurance companies have different restrictions on the amount of room rent they cover. A plan that offers the highest coverage should be given thought over the others.
4. Cashless Treatment:
Want to stay in a specific hospital, but do not know if it is the best and whether it cooperates with insurance companies? We suggest you do an analysis. First, start with an analysis of all the hospitals and see the conditions they offer, their prices, and whether the conditions are good enough. Next is to check the insurance companies and see where and with whom they cooperate and of course, how much their offered service costs, whether it will suit you so that you can finally decide on the right offer.
All insurance companies have a network of hospitals that falls under the coverage policy of cashless treatment. A careful analysis of the kind of hospitals that form a part of the network should be done as the quality of treatment should never be compromised. Always make sure that the list includes hospitals that you would be comfortable going to when the need arises and availing their medical facilities.
How to Minimize Premium and Maximize Benefit of a Health Insurance Plan?
The amount of premium to be paid should be compared among different policies to make sure that you come to a census where you get the maximum benefits while paying the least amount of insurance possible. Ensure that you are paying for only what you need and something that your pocket allows in the longer scheme of things.
The primary thing for every person is to be treated properly in moments when he does not feel well, so we need to take enough time for research because insurance is still for us. We should always aim at choosing the best, but of course, if the price suits us because not every price is ideal according to what is offered. Buying a good insurance policy is not a mammoth task if some of the basics to be considered before investing in one are known.