In many countries like the United States, availing health insurance is not an option but mandatory. But in a developing country like India, majority of the population still seem to be unaware of the benefits offered by health insurance plan. As a matter of fact, it is important for every family, be it in the city, town or village needs to have an adequate and well-selected group health insurance policy.
The sedentary lifestyle practiced by most families especially in the cities has only helped increase different types of lifestyle related disease. Moreover, hospital and medical expenses have touched sky high making it impossible for the middle class and the lower rungs of the society to suffer from various types of diseases including cardiac problems. Lack of finance or proper health insurance only means they simply succumb to such diseases leaving behind their family to face woes. But on opting for the best health insurance cashless type, it is possible to get proper, correct and timely treatment from the top hospitals.
FAQs to know on health insurance policies
Q1. Is critical illness coverage a wonderful alternative to choose?
Yes! Critical illness coverage when compared to the basic health plan offers the policy holder with enhanced coverage if purchased in the form of an ‘Add-on’. But when heart ailments are concerned, it might not prove to be the ‘most appropriate cover’. Insurance coverage offered for critical illness generally comes with stringent terms & conditions concerning the stage are defined as critical. Based on the insurer’s requirements, there can be other limiting coverage and terms. You also need to find out if on diagnosis of some major illness, if lump sum amount awarded is sufficient or not.
Q2. Is it sufficient to invest in a good health insurance plan?
Instead of being uninsured, it will be wise to have a well selected medical health insurance policy from a reliable insurance company. But you will not benefit much if you just purchase in any plan that you first come across especially against heart ailments. There might be several sub limits present in the policies that you need to be aware about. During claims settlement, such restrictions might not allow extensive payouts.
Q3. Which type of policy to select?
No perfect standard health plan policy exists anywhere across the globe or in India. You just need to introspect, compare and choose a plan that is just perfect to provide adequate coverage for your family. Carry out simple analysis taking into account your lifestyle, health, personal health fund like fixed deposit maintained to meet medical emergencies and hereditary ailments. The analysis should also include any prevailing health related investments and group health insurance policy. Going through them will help you to determine correctly the required coverage. On identifying your specific requirements, you will be able to identify the most suitable coverage.
Q4. Can you consider availing dedicated heart related plans?
You can search for a comprehensive policy that covers different types of heart related ailments. Insurers are found to provide such policies with different names and headers that you need to understand. Carrying out basic research on the web will allow you to know most of the popular plans available readily in the market. It can be dedicated critical illness policies, Add-ons, etc. They are quite specific in their coverage and will come with fewer limitations such as Critical illness plans and sub limits such as health policies.
Q6. Get to know the medical insurance policy
Often, people engage in lots of research to check policy inclusions which are quite important. On raising a claim, the provider is likely to first verify active status of the policy and then checkout the coverage. If the particular conditions for which the claims are raised exist in the policy document, then claim request is likely to move ahead. Otherwise, it will simply be rejected without any second thought. It is necessary to understand that no insurance provider will be eager to settle claims for conditions that are mentioned in the policy. So make sure to understand your specific requirements and what is offered in the policy. This way, you can make sure selecting the most appropriate one to make your claims and enjoy the best available medical treatment at the leading hospitals.
Q7. What to know about cashless health insurance policy?
This type of policy is created to offer cashless claim settlement on hospitalization. This means, hospital bills can be paid upfront, instantly without you having to pay anything. But remember that this facility is offered only in in-network hospitals. Although cashless, you need to maintain properly the copies of your medical and hospital bills. In case, the treatment amount tends to exceed the assured sum amount, then you are to bear the remaining from your pocket.
You can contact the experienced insurance agents at Care Insurance to get better idea of how you can benefit from a good health insurance policy.
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