Most of us know how intelligent, emotional or how style conscious we are. But how many of us really know about our health.
The Health Quotient test offers a quick and effective way to know one’s health. Here we can run a health test with a few questions. On the basis of your lifestyle and habits, the test lets you know where exactly you are on the health meter.
In India, only a select few can afford to pay the complete amount for medical expenses instantly even if they are not insured with any health care policy. Also the double digit inflation in healthcare costs is making it difficult for an individual to manage them. Hence for all sections of the society health insurance is a must. Health insurance is affordable and carries the assurance and freedom from insecurities.
With the rising pollution, change in lifestyle, change in eating trends, and a lot more factors, diseases have attacked mankind today like never before. In the event of an unforeseen illness, you may have no option other than to utilize your hard — earned savings, built over throughout your life time. Hence it is essential to insure yourself and your family with health insurance.
Individual Health insurance provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies differ in what they cover, the size of the deductible and/or co-payment, limits of coverage and the options for treatment available to the policyholder. Health insurance can be directly purchased by an individual, or it may be provided through an employer.
One of the key benefits offered by a good health policy is cashless health cover. It enables you to take treatment in any hospital that falls under the insurer’s network but without paying any cash. You don’t have to spend money from your savings account or ask friends or relatives for help. You only have to show your insurance card at the hospital to avail treatment. The insurance company will directly pay them for your treatment expenses.
Health insurance offers you twin benefits i.e. saves your tax and also provides you a health cover. In short it not only protects your future financial stability but strengthens it further. Investments made in form of health insurance premium qualifies for deduction under section 80D up to a defined limit.
Dos and Don’ts
A mere search through the web aggregator’s site is not enough, it is important to visit the website of the companies offering these policies and understand the features. Only then can one be sure of the pros and cons of the plans.
With various life, general and stand alone insurance companies offering different types of health insurance cover, it is very important to understand the points to be kept in mind while purchasing a health policy especially for first time buyers.
1. Amount of Coverage
It is important to keep in mind your current lifestyle, your monthly expenditure, family size, current health conditions and future needs before deciding on the Sum Insured for the health plan. Sum Insured has to be adequate enough to ensure all your future medical expenses are taken care off. You can either opt for an individual health insurance policy for all family members or a single policy that covers all dependent members of the family.
2. Amount you can pay
There are some health policies which take care of the entire expenses and there are others which have lesser premiums however you need to pay part of the expenses and the rest are covered under the plan.
3. Pre-existing illness
Pre-existing illness, as the name suggests, is any illness or disease that exists during the time of buying a health insurance policy. Usually, pre existing ailments are not included in the health insurance cover. Sometimes the pre existing illness are covered in the policy but only after a specific period of time.
Cash less facility
While buying health insurance, look for a policy that offers this benefit so that you do not have to pay any money upfront and then submit all the documents in order to get a reimbursement.
4. Service parameters
It is important that you analyse and verify the services offered by the insurance provider and to gather information about their responsiveness on claims, so as to avoid any complications in future.
5. Buy when you are Young
It is important to buy health insurance when you are young to be able to get the benefits of rate and coverage. Younger age means lesser risks to the Insurance companies and therefore lower premiums with better benefits as coverage.
1. Do not hide facts while purchasing any kind of policy. This is the most common reason for rejection of claims when it arises.
2. Do not leave a gap while renewing your health policy. An expired policy means you are not covered. And any unexpected situations during that period will not be eligible for any benefits.
So keeping the above in mind, we recommend you to go ahead and get the right coverage.