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Myths on Health Insurance

What Are The Myths on Health Insurance?

Myths on Health Insurance-Health insurance is always associated with some myths and misconceptions which obstruct people to take it up and reap the benefits of having a health insurance policy. Before giving ears to these fraudulent theories from your friends and relatives, why don’t you first hear the truth and check the facts from us.Read on as we clear the airs about some myths associated with health insurance.

Myth: You need to be hospitalized for 24hrs for making a claim

Fact:Do not always believe every word your insurance agent tells you. While there might be some illness which requires hospitalization for 24hours others might not demand you to be in hospital for such a long time. Some treatments like cataract, hernia, piles, radiotherapy, chemotherapy, kidney stone removal etc. are only covered under day care treatments and included in your healthcare policy that does not require 24hrs hospitalization. Unless otherwise it is not specified in your health insurance policy, admitting yourself in the hospital for 24hrs will not buy you claim.

Recommended Read : Day Care Hospitalisation - Health Insurance

Myth: I am fit and healthy. Why should I take a health insurance policy?

Fact: You must not come to a conclusion that you will never fall ill, illness like accidents can occur at any time regardless of how fit and young you are. Being below the age of 30 does not rule you out from not having any diseases at all. A food poison, heart attack, cancer, malaria etc can occur at any point of your life time and obtaining a health insurance protects you form unforeseen circumstances.

Myth: My health insurance will cover all my medical expenses

Fact: Some ailments and diseases are not covered under the health insurance and are strictly mentioned in the policy. Also dental, cosmetic and aesthetic will also not be covered under all insurance policies. Under any circumstances, should you hide any pre-existing illness from the insurance agent and then later submit the documents to make a claim, you will be denied it easily for not including it in your policy.

Myth: Why should I buy a separate insurance cover, I already have company insurance?

Fact: Your company may cover you till you are an employee with the organization, but it will not cover your family members. Also company rules may change anytime and there will also be limitations to certain ailments or hospitalization. Having a separate insurance cover will keep all the members of your family secure.

Individual or Family Floater Insurance Plan

Myth: You need to check the list of network hospitals before buying insurance

Fact: The hospitals might change in time during the policy tenure, and can even be blacklisted by the insurance company or some hospitals might refuse cashless claim. Hence, it is advisable to check with the list of network hospitals that fall under your insurance policy

Myth: Buying online insurance is risky

Fact: Buying policy online is less time consuming, credible, transparent, less paperwork, make payments online, accessible along with more options and detailed comparison.

5 COMMENTS

rkadakia November 18, 2015 at 5:16 pm

One thing should be really clear to today’s generation named “millennial” that our lifestyle has gone for toss. How much ever defensive stance we take, we have to gulp down the hard reality that we cannot match the health levels of the octogenarian. So at par with internet, health insurance has to be the priority. Its a necessity to be honest. Since we cannot stay away from the onslaught of diseases and we need some cover protection for the same. So make sure you buy this!
Parul November 19, 2015 at 5:13 am

The importance of health insurance today can not be denied as the amount of diseases and the medical costs are increasing rapidly. A great piece of information that will help the readers and the confused potential appliers of health insurance, to clear certain common myths about health insurance policies. So before taking a health insurance one should clear all doubts.
Kitty Macalpine February 12, 2016 at 11:05 pm

There will always be medical emergencies someone has to cope with, so it’s best to have ourselves covered as comprehensively as we can. You just never know what will happen.
There is no such thing as invincibility in this world. Just because you have a preconceived idea of what health insurance policies will and will not cover, what they will need before you claim, doesn’t mean that you shouldn’t have a policy to begin with. Best to clarify all your preconceived notions and ideas and have the best cover for you.
Heather Tanner February 20, 2016 at 8:35 pm

Clear and to the point, this article is well written and covera all of the major points. Some points which would not necessarily come to mind right away are also present. I will definitely think twice next time before I buy health insurance and especially if I buy it online.
Vandana Agarwal June 29, 2016 at 7:34 am

The importance of health insurance cannot and should not be ignored by any individual. The many benefits it provides at emergency is itself the main reason to invest in it rather to be sorry later. The author very clearly bursted out the many myths associated with it.