Aren’t our lives full of uncertainties? We don’t know what will happen tomorrow or even in the next couple of hours. A health crisis is one such uncertainty that can come up without warning. What you need to do is get a health insurance plan to ensure that you are well equipped to deal with the rising cost of healthcare costs. Best health insurance plans are judged on specific parameters, and if you have been planning to buy a health insurance plan, you must keep these things in mind:
Easy Claim Process
An easy claim process is the key to unlocking the best health insurance plan. The time taken to settle a claim and the ratio of claim settlement are the most important parameter while judging a claim process.
Co-Payments
When you get an individual health insurance policy for yourself, then you agree to pay a certain portion of the claim, while the insurance company will provide the rest of the settlement. Make sure that you read all the terms and conditions regarding co-payment.
Daycare
To claim your health insurance policy, most companies will require you to be hospitalized for at least 24 hours. With the advent of modern healthcare technology, you might not have to stay hospitalized, so make sure that your policy covers the highest number of procedures which don’t require hospitalization.
The number of Hospitals
Every health insurance has tie-ups with a large number of hospitals. You must check the hospitals’ list and the range of treatments that these hospitals provide before buying the policy. If you are a frequent intercity traveler, you should opt for health insurance that includes mobility and can be used in any part of the country. Best health insurance plans always provide mobility.
Pre/Post Expenses
Expenses during hospitalization are usually of two types, one incurred before the hospitalization and one after. After being discharged from the hospital, there are many expenses such as medicines, follow up doctor visits, etc. Do check your policy for the inclusion of pre/post expenses.
Bonus for not Claiming the Policy
Several insurance policies provide a bonus if the policyholder doesn’t make a claim. Such bonuses are provided in the form of a decreased premium amount or a higher sum insured.
Maternity Clauses
The cost of pregnancy is always on the rise, so you must make sure that you check the health policy covers maternity benefits too. You would not want to be in a stress of expenses in the most beautiful phase of your life, right? Hence, checking on this becomes imperative.
Free Checkups
Best health insurance plans give the benefits of free medical checkups to policyholders without adding it to the premium amount. Get assured that your health insurance plan includes free checkups as it is a vital benefit that cannot be ignored at all.
Lifetime Renewal
It is highly important to make sure that the policy you are buying includes the option of lifetime renewal or no age limit for renewal. If you are going to take insurance for the older people of the family, then also, this is a significant factor.
These were some of the important things you should consider before buying a health insurance policy for yourself or your loved ones. Make sure that you adhere to this list before purchasing a policy.
