Planning to Buy a Health Insurance? Look for These Things

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Planning to buy a Health Insurance? Look for
these things
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Introduction

• Medical coverage is an important type of
  financial arrangement, in the present time. It
  shields you from any unexpected hospitalization
  use identified with the treatment alongside other
  associated benefits.
• If you are planning to purchase a medical
  coverage, it is imperative not to get it
  blindfolded. Health insurance plan are accessible
  in wealth in the market. Along these lines, it is
  basic to search for its key advantages and take a
  satisfactory measure of scope.
• With different comparison portals in place, it is
  easy for a person to understand and compare
  various Health Insurance plans with purchase the
  best fit.

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Important Things You Must Look

• Room Rent Sublimit 

• Room rent benefit is the amount given to you on
  per day basis for availing a room in the hospital
  while undergoing treatment. It is important to
  check the eligibility of room rent under your
  health insurance plan. 

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Pre-Existing Disease Waiting Period

• The pre-existing disease is any kind of medical
  condition which an insured
• has attained or have symptoms of, before taking
  the health insurance policy. The pre-existing
  disease is not covered under individual or
  floater health
• insurance plan. However, the same is included
  after the specified tenure
• known as the waiting period. The waiting period
  for pre-existing disease
• usually ranges from 24 months to 48 months since
  the policy inception date.
• It is important to see the waiting period clause
  before you make a final buy.
• Even if you port your health plan from one
  insurer to another, your surpassed waiting period
  will be considered by the new insurer, and you
  need to serve
• the remaining period only as a waiting period.
  The lower the waiting period,
• better it is.

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Network of Hospitals

• The network of hospitals available under your
  health insurance policy is
• important to check. Hospitals near your vicinity
  and the major multi-specialty hospitals must be
  from the list of network hospitals of the
  insurer. Getting
• treatment in the network hospital is easy by
  showing your health card and
• avail cashless hospitalization as the hospital
  collaborates with the insurer. 

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No Claim Bonus

• No claim bonus is the value-added benefit which
  your insurer gives you in case of a no claim
  under the policy. This benefit enhances your
  coverage under your health plan without any
  increase in premium. But there are health plans
  which reduce the no claim bonus in the same
  proportion (of its increment) in the
• event of a claim. On the other hand, there are
  health plans which will not
• impact your already accumulated no claim bonus,
  in case you make a claim.
• Obviously, the one which will not impact your no
  claim bonus is better.
• It is imperative to look at the conditions
  associated with the bonus.

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Day Care Procedures

• With technology advancements, there are
  procedures which take less than 24
• hours for the treatment and the patient need not
  have to stay in the hospital
• for minimum 24 hours to get claim benefits under
  health insurance plan.
• This benefit is usually offered under the
  majority of health insurance plans, but the
  quantum or number of day care procedures covered
  vary from one plan to another.
• Some health insurance plans provide a list and
  number of day care
• procedures whereas some plans say all day care
  procedures are covered. So, it is important to
  have a look at the procedures and opt for a
  health plan covering maximum day care procedures.

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• However, points mentioned above are important
  things to
• consider but should not be looked in isolation
  only. Premium, other key benefits, claim
  settlement ratio,
• claim processing mechanism of the insurer, etc.
  are other vital things to consider as well. Dont
  forget to read the
• policy wordings or the fine print.

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