Top 5 Tips to Choose the Best Online Health Insurance Policy
Purchasing the best health insurance policy is a step in the right direction, for securing you and your family’s health and financial well-being. While buying online health insurance plans, first of all, you must assess your needs. Depending upon the requirement, you can select the family members you want to include in your plan. One of the biggest factors of your health insurance policy is the total cover, or in layman’s terms sum insured. With an online health insurance plan, you get covered for sudden medical expenses for critical illnesses like stroke, cancer and other life-endangering situations.
However, the total cover not the only vital thing, there are still a plethora of factors that you have to consider before buying the insurance. Now let us consider some of the technical factors you need to consider before buying an insurance plan.
#1 Lifelong renewable: A critical factor in this coverage of the insurance plan is the duration of the coverage of the health insurance policy. Getting a lifelong coverage means that you have secured a health protection that works in the subsequent years of old age — a time when you might need it the most.
#2 Settlement of the claim: It is normally a wise decision to check the process of the settling your claim. Furthermore, make sure you know if there is going to be an involvement of a TPA, Third Party Administrator, or directly by the insurance company during the settlement.
#3 The Inclusion of current hospital/doctor in the plan: The inclusion of hospital or the doctor is vital, considering the fact that some online insurance companies have created a network of hospitals/doctors to keep the premiums low. Furthermore, when you consider a particular website, it is quite difficult to identify the breadth of their hospital network. Nonetheless, a sign of the best health insurance policy and company is they provide the hospital network on their website.
#4 Waiting period on the pre-existing diseases: Besides this, you should also check the waiting period needed for the pre-existing diseases. Pre-existing diseases are not covered from the initial day of the services. It is the time taken to cover the pre-existing diseases and it varies with the plan you choose. You must check the time that covers pre-existing diseases in the plan you intend to buy.
#5 The level of quality and customer satisfaction: It is important to perform a thorough research on the insurance company before you purchase their plan. Moreover, you can visit their website and read past consumer reviews and testimonials for getting a better understanding of the company and their services.
While these were some of the factors that you have to consider before purchasing the best health insurance policy online there are many others like room rent, lifelong renewable facility, health insurance exclusions and many others. So it is better to pay attention to all the details before signing off any documents regarding insurance.