Many expenses are increasing in today's time. These expenses also include medical expenses. In such a situation, health insurance is a very good option. Understand it like this, if a person's arm bone breaks in a road accident, but when he reaches the hospital, he finds out that he has a hairline fracture in his head as well. In such a case, the cost of treatment can be two to three lakh rupees. If that person does not have health insurance, then he will have to pay all this expense from his own pocket.
This facility gives you financial protection from sudden medical expenses. However, every health policy has its own terms and conditions – like which diseases will be covered, waiting period, network hospitals, etc. Therefore, it is very important to understand its complete information while taking a policy. In this blog, we will tell you how to choose the best health insurance plan according to your needs, age, and budget. The right plan will not only give you better coverage but will also prove to be helpful in your medical emergencies.
Why is Health Insurance Necessary?
According to the data of the Central Health Department, in 80 percent of medical emergencies, the situation worsens due to financial problems. In any accident or disease, not only money is spent on treatment but a lot of money is spent even after treatment. In such a situation, health insurance proves to be very helpful.
If you have health insurance, then you can avail many types of medical services. Health insurance includes hospitalization, surgery and medicines etc. Health insurance helps in meeting your medical expenses. Many health insurance is available through companies, while many insurances can be taken by you yourself. Every company's health insurance plans are different. In such a situation, you should be careful before taking any health insurance.
Benefits Of Health Insurance
Health insurance has become an indispensable safety net in today's changing lifestyle and rising medical expenses. It not only provides financial relief from serious illnesses and accidental accidents, but also gives mental peace.
- Financial Security: Protection from rising treatment costs.
- Cashless Hospitalization: Treatment without paying any money in network hospitals.
- Tax Benefit: Tax exemption under section 80D.
- Pre & Post Hospitalization Cover: Expenses before and after hospitalization are also included.
- Critical Illness Cover: Special cover for critical illnesses like cancer, heart attack.
- Family Floater Plans: Cover the whole family in a single policy.
What To Keep In Mind While Buying Health Insurance?
It is very important to keep some important things in mind before buying health insurance, so that you can choose the right policy:
- Policy coverage amount (Sum Insured): How much medical expenses does the policy cover?
- How many network hospitals are included: The more network hospitals there are, the better the cashless treatment will be.
- Waiting period for pre-existing diseases: How many years will it take to cover pre-existing diseases?
- Claim Settlement Ratio: How many claims are successfully settled by the insurance company is an indication of reliability.
- Renewability Age: For how many years can the policy be renewed according to your age?
- Before purchasing a health plan: read and understand its terms and conditions carefully. You should not trust only one company. Compare other companies on online sites.
- While buying a health policy, you should understand every clause of it. Only then should you pay the premium. You should buy a plan only after knowing the rules of the company in case of critical illness, pre-existing illness and accident.
Health insurance should be chosen keeping all these things in mind, so that there is no interruption at the time of need and no unnecessary expenses increase. A right policy not only saves you from medical expenses but also gives you mental peace.
Conclusion
Some plans may have hidden costs, such as co-payment, sub-limit, or additional charges for certain treatments. Understand all these terms before choosing a plan. Through the right plan, you can ensure health protection not only for yourself but also for your family. Therefore, get complete information before choosing any insurance plan. If you have any question regarding this post, then you can tell us by commenting in the comment box given below. Your feedback and suggestions are welcome as always. Thank you.
