Health insurance is an essential coverage which everybody must buy. Even if you are covered with the state or employer’s health cover, it is important that you ensure that you are adequately covered with it or else must take steps to get adequate cover for yourself and family. It is because we are more vulnerable to diseases than our forefathers. Our fast paced life is also making us more exposed to various health risks. The health care costs are sky-rocketing which makes it necessary for every family to have adequate health cover as a few days of hospitalization can erode your savings. So it is a financially wise move to get a Health cover and live life peacefully.
Once you have decided to buy cover, the next step is to choose the best plan. The Coverage market in the country is filled with insurers who provide numerous health cover plans. So, how to choose then? There are many things which need to be kept in to consideration while picking the insurers and the plan. Cover benefits is one of the most important considerations while buying a Policy plan. Here are a few important factors that one must keep in to consideration –
• Asses your needs - Make a list of the people for whom you want cover. Does the plan provide cover to all? While it may not be a problem to get cover for spouse and children but a few Health Insurance plans may not provide cover to parents and siblings. Choose a plan that provides cover to all your family members as it will come cheaper than covering individually.
• In-patient and out-patient treatment - Does you insurer offers direct settlement benefit? Or else you have to pay for the bills from your pocket and then the company will be reimbursed. Does your insurer promises to pay all costs of treatment or is anything excluded. Find out all the details as you must be very sure and clear about the benefits offered under the cover.
• Critical Illness - Look at the list of critical diseases the plan is covering. Is it providing for all diseases that involves expensive treatments? Does it provide cover for pregnancy and other maternity issues? Does your Protection plan cover dental and eye problems? Ensure that your health plan provides all important health benefits?
• Treatment abroad - If you are in to a profession where you need to live and travel to foreign countries for most part of the year then it is important that you choose a cover that reimburses for treatment expenses in foreign land. Also look if your insurer would bear the costs of your flying back home or air ambulance etc.
Once you are sure of the cover benefits offered by the Coverage plan, the next step is to get it at lowest possible rates. The best way to lower your insurance costs is by comparing various plans. Don’t be in a rush to pick the first plan that suits your needs. Check with various insurers and get quotes from them. Internet can be valuable resource in your effort. It will save your time and save money. You can request for online quotes with the insurers. Get those quotes and compare various plans. Alternatively, you can also take help of various websites that help in comparing various health cover plans. Now pick the plan that comes at the lowest costs and provide required benefits.
It is important that you buy the cover from a reputed health insurer who is known for quality customer services and faster claims. Also understand the claim procedure before buying the plan.