In my earlier articles, I have written lot of information on the health insurance policies. I would like to write this article to consolidate those information and present it in the single post. In the current inflation rate, medical expenses are shooting up to the high levels which will make a big hole on your budget. This would make the health insurance polices are very important for you and your family.
If you are part of the group mediclaim taken by your company, then review their coverage and check if that is covering all your members in the family. Most of of the companies will not cover the dependents like parents in their policy. This article explores the various points to be considered while planning for health insurance policies. If you have any comments, please post it in the comments section. Subscribe to our future articles here.
Individual or Floater Policy
Health insurance policies can be taken as the individual or family floater policies. If you are taking the individual policies, the premium would be high compare to taking the family floater policy for all your family members. Also, you have do the through analysis on which health insurance would best suits your needs. Every individual and their family has the different needs based on the health condition and age of their family members. You can read the following articles to plan better:
Health Insurance for Senior Citizen
If you want to add any of the senior citizen in your family to health insurance, then it is important to plan it wisely. Normally the medical expenses are higher for the aged people. So, the premium cost would be higher compare to the other people. If you add them in the family floater policy, then the cost of the premium would be high. So, it is good idea to take the individual policy for the senior citizen members. Also the coverage for the senior citizen policies would less.
Eligibility for Claim
You can not claim for all the expenses in the health insurance policies. The following are few of them which is eligible to be considered for the claim.
- Room rent in the hospital
- Doctor Fees
Medicine for the treatment
- Operation doctor fees
- Consulting fees for a doctor
- If you have bought blood and Oxygen while treatment
- Operation theater’s fees
Critical Illness Plan
In the normal health insurance policies, the coverage for all the diseases won’t be available. If you want to cover all the diseases, then you have to buy the critical illness rider on top of the main health insurance policy. This is available as the rider or the separate insurance policy. You can read the following article to know more about the critical illness policy:
Know more about Health Insurance Policy
Apart from the above sections, there are lot of changes coming in the health insurance section. The following are the list and you can read that in the specific article mentioned.
- Health Insurance portability
- The new announcement says beginning July 1st, customers can carry benefits to the new insurer which is not existing till date. It will create healthy competition between the insurers and increase the customer satisfaction. read more.
The above information would be more useful to understand the importance of the health insurance policies and plan it better. If you are delaying the plan for medical insurance, the premium would be higher. It is thump rule that you have to buy a new health insurance policy before the age of 35 to get without any medical checkup and less premium. Otherwise the premium would be higher. If you have any doubts please post it in the comments section.
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