With increased changes in lifestyle we have very less time to perform our routine activities, exercise has become something which can be postponed and fast food has become something which can’t be relied on. While we may carry on with our happy lives, all these change in life styles can create a massive change in our body; we only realize it when we encounter an illness. In these circumstances, we need a health insurance plan who can be our buddy to support financially.
While there is a plethora of insurance plans offered by different insurance companies, you must choose the one that is apt for you.
Do not go by the likes or choice of others and always decide on what you want. An Insurance provider may be able to help you out on this.
Individual or Family Floater Plan
First make a choice, if it is for an individual or for the whole family. If it is for the family, do you have babies or senior citizens involved, who must be given top priority. There are many plans in which you can include whole family members in single premium, like family floater plan. The total insured amount can be utilized for anyone who gets admitted.
Certain factors that should be considered while choosing the Health Insurance Plan are:
Monthly Premium
Always check into the monthly premium. Opting for a low monthly premium may end up in you paying out of your pocket for hospital stays and medicines. If you are willing to pay a high monthly premium, you will not have to pay more from your pocket. Deciding on the premium is the main factor to cover up the healthcare costs your family may need in a year.
How to Decide on Premium Amount?
There is no hard and fast rule to determine this. Depending on your financial status and the kind of visits you pay to the doctor determines the type of insurance plan you have to select. If you don’t visit the doctor often, you can opt for a low premium plan, but if you have an ailment that often needs follow up, monitoring and expensive medicines then you will have to go for a high monthly premium so the payment will be easily taken care of by the insurance providers.
Pre-existing medical condition
Are you already on medicines and in treatment with a concerned doctor for any ailment? If yes, fear not as most health insurance providers do take this into account and approve your insurance plan nevertheless. If they do not, go with the provider that approves the plan considering your health condition.
Benefits provided
Always keep a lookout if your health insurance plan covers needs like baby care, dental, vaccination, scans and blood tests, maternity, emergency, pharmaceutical drugs, any free services involved and more which always require a huge expense and are always in need.
Network Hospitals
Insurance provider will have tie-up with Hospitals, where they provide Cashless facility. Choose the insurance provider having network hospitals, which are easily accessible and close to your home or workplace so you need not loose time and get the right treatment at the right time. Also, check if the doctors are approachable and offer the correct diagnosis along with the facilities and treatments offered in the hospital. In the end your satisfaction also matters in terms of doctors and hospitals.
A health insurance plan is always a necessity while in our run to make a living, a sudden change in our life may affect us in ways which we possibly cannot imagine and so an insurance plan especially for our health can be a life saver.