Learn 7 things before you buy a health insurance plan.
- Claim Process.
The simpler the claims process and the faster the settlement of the claims, the better it is for the insured. Therefore, these two are major factors when it comes to the selection of a policy. Good customer support is an additional advantage one should look for.
2. Family Health Insurance.
When purchasing health insurance plans, make sure that you do so keeping your family members and their age in mind. Before buying the insurance, consider their present ailments if any as well as the family’s medical history. In addition, check with your family members for any pre-existing diseases before buying a policy.
3. Selecting the Right Insurance Amount.
At the time of selecting a health insurance plan, one should select the amount wisely as it covers the medical expenses for a year. Take your age into account; the younger you are, the lower the sum insured you need. One should also take a look at his or her income levels to analyze the premium affordable.
4. Network Hospitals.
One should always check the CASHLESS NETWORK OF HOSPITALS with the insurance company. At the time of a medical emergency or hospitalization, the hospitals in the network offer a cashless option—the insurer settles the medical bills directly with the insurer. Go for insurers that have a high number of network hospitals such.
5. Maternity Benefits.
With medical expenses on the rise, pregnancy costs have skyrocketed as well. It is vital for women to buy and compare a health insurance plan that offers maternity benefits. For maternity benefits, one should look into the waiting period applicable for claiming maternity expenses and consider the sub-limit.
6. Pre-Post Hospitalization.
Before hospitalization, you visit the doctor, get medicines, and undergo tests. You are hospitalized and after treatment, some expenses occur—the expenses include follow up with the doctor, medicines to be taken and many others. Choose an insurance plan which covers these aspects too.
7. Lifetime Renewal.
Look for health policies that offer lifetime renewability. There is a higher chance of suffering from diseases and illnesses when you are old compared to when you are young—a health policy that offers lifetime renewability is what you should buy.