HEALTH CARE - HEALTH INSURANCE PLANS-TIPS TO CHOOSE BEST PLAN

HEALTH CARE- HEALTH INSURANCE PLANS-TIPS TO PICK THE BEST HEALTH INSURANCE PLAN

Health Insurance is now one of the best health care option to all of us due to so many reasons. It has now become an essential aid for almost all of us with every passing day.  It is because we are seeing that rise in medical care costs is so steep that a common man cannot meet these expenses from his regular income, viz., salaried people and small businessmen. Unfortunately any medical crisis, like accident or sickness may occur to anybody at any time, which may lead to hospitalization resulting in a serious financial problems. In order to overcome such setbacks it is very much necessary to have a comprehensive healthcare policy which can take care of all such medical expenses.

It is therefore imperative on our part to find out which could be the best healthcare insurance plan for us to come out from such undesirable situations. Though plenty of information is available in the market and on internet and all out efforts are being made in spreading awareness through various means, still there is an apprehensive approach in majority of us in going for a health insurance plan. Main reason for this hesitation is the insufficient knowledge about the prospects of a good medical insurance policy and its need especially

when we are getting old.

The undermentioned factors need to be kept in view while choosing the suitable health care plan for our family in India:

1. Number of members in the family and their ages.

2. Consideration should be for the maximum amount of coverage available to cover all the family members in the policy. However choosing an insurance coverage sum also depends on our premium payment capacity, since higher the coverage higher will be the premium payment.

3. Care should be taken for additional features like riders that can be added to our policy like accidental coverage, critical illness rider, diagnosis, existing health condition etc.

4. Complete information such as Medical check-ups shall have to be ensured if one has reached a pre-defined age.

5. Information about filing of claims and the restraints if any that may prevent in filing claims or any other clauses.

6. Thorough research for the best health care insurer and their policies shall have to be made to choose a policy that can manage all our health needs.

7. Information about claim free year bonus that every healthcare insurer offers to its customers for claim free years, the bonus which can either be an increase in the sum insured or a discount on the premium shall got to be clarified.

These points will help us in taking proper care while choosing a Health Insurance policy which suits to all our needs,i.e., for our entire family.  As  we are aware that higher the coverage and additional riders/clauses,  will definitely result in increase in the premium amounts,but we have to choose a plan keeping in view of the individual needs and affordability striking a balance at an appropriate level. It is important to have as much coverage as possible, since just having a basic policy will be no better than having no policy.