Health Insurance Plans Buying Tips: Are you also thinking of taking health insurance? If yes, then know about some things beforehand, otherwise you may have to regret later. Let us know those 6 important things which are important to know before health insurance.
Health Insurance Plans Buying Tips: No one can say when and who will fall ill and in today’s lifestyle it has become very difficult to predict it. In such a situation, health insurance has become very important. Many companies provide this insurance to their employees and individuals have also started giving importance to health insurance. Health insurance cannot save you from falling ill, but it can definitely reduce the impact on your pocket due to illness. Therefore, you should definitely think about taking health insurance. Here we are going to tell you some things about health insurance, which every person should know.
Youth also need it
Before moving forward, let us tell you that thinking that health insurance is only for the elderly and the youth does not need it is completely wrong. Nowadays, the youth are falling prey to serious diseases very fast. Therefore, it has become very important for them. The premium of health insurance increases with age. In such a situation, the sooner you start, the better it is.
Coverage is not available immediately
There is a common misconception about health insurance that you get coverage as soon as you buy the plan, but this is not always the case. Some medical insurance plans have a waiting period. Coverage for some diseases is available only after the waiting period is over. Therefore, it is important that while buying the plan, you read every detail of the policy carefully, so that there is no misunderstanding and you know when the claim can be made.
Not all diseases are covered
It is also commonly believed that health insurance covers all types of diseases, but it is not so. Every plan is different and companies prepare it according to their own needs. Therefore, while buying a policy, you must get information about which diseases are covered and which are not. Some companies also make changes in the plan according to your needs. Therefore, choose a policy only after knowing and understanding everything. If after taking the policy, you make a claim for any such disease, which is in the company’s exclusion list, then your claim will be rejected.
The cheapest is not the best
There is also a myth about health insurance that the cheapest plan is the best option. But the reality is that you cannot get coverage just by looking at the price of the plan. You have to see what facilities are there in it. Every person’s health needs are different, so you need a plan that is made according to your needs. In such a situation, its premium can also be high.
Another misconception about health insurance is that it never covers pregnancy. However, this is not the case. Most family floater health insurance plans comprehensively cover maternity. You can also buy special maternity health insurance plans. Such plans also have a waiting period, so keep that in mind.
Getting admitted is not necessary
Is it necessary to be admitted to a hospital for insurance claim? Most people will answer ‘yes’, but this is not the case in every case. You can also claim for day care procedures, OPD expenses, diagnostic tests, etc. Another misconception about health insurance is that pre-existing diseases will never be covered in it. Although many plans cover many pre-existing medical conditions, but this happens after a pre-determined waiting period. It is important that you mention all your diseases before taking the plan. The more transparency you show while giving information, the better it will be.
The company does not bear every expense
Network hospitals are only available in big cities, this is also a common misconception about health insurance. While the truth is that the hospital network offered by health insurance companies is not limited to big cities only. Most insurance providers have a wide network, which also reaches small cities and towns across the country. You can avail cashless treatment in any hospital under the network. Apart from this, you can also get treatment in out-of-network hospitals with some terms and conditions.
You should also keep in mind that health insurance is not a guarantee that every hospital expense will be covered. Every plan is different, so it is possible that there may be some diseases or conditions that are not covered under the plan. In such a situation, you will have to bear the cost of that from your pocket. Apart from this, if there is a cap on hospital room expenses in your health insurance policy, then you will also have to pay for the expenses above that limit. So check every detail carefully before taking the plan.
Be careful about renewal
You also have to get the health insurance renewed. Many times people mistakenly fail to do so and think that they will have to pay a penalty for renewing after the due date. Whereas policyholders have 15-30 days to renew it without any penalty. However, it is important to note that any medical treatment between the policy expiry date and the date of renewal will not be covered under the renewed policy.
