Your guide for comprehensive health insurance coverage
Healthcare costs are raising sky high in India. The ever escalating costs of expensive treatments, surgical costs, hospital accommodations, medicine etc. gives a raising alarm in our minds to purchase a suitable health insurance plans for ourselves and our family in time. The shocking hospitalization bills during discharge time are often mentally deteriorating for a person. This financial crisis not only steals their peace of mind but also leads to slow health recovery. Sometimes although people are covered with employee insurance we see that it’s just a partial coverage and as a result the remaining amount is borne by them. Ultimately, inspite of having the employee cover they have to bear the losses. Many of us whose family members are not hospitalized for any serious illnesses recently should be fortunate enough for this. Today, an average costs of any surgical operations will costs you anywhere around 5-10 lakh rupees. Secondly, many times we assume that serious diseases will never happen to anyone in our family as we’re more or less healthy. That would be an incorrect assumption, as diseases like cancer, diabetes, low or high BP etc. can happen to anyone. Further, as you grow older,
medical costs will gradually get higher than they are today and not to forget inflation which is always on the chase behind us. If you have any company cover it will cease to exist when you need it the most – after you retire. The article guides you on some steps to ensure you how to buy comprehensive health plan. The first step would be to understand and figure out the costs of different ailments in your city. Secondly, understand your family members well. Having children and parents will require different set of health insurance plan compared to couple insurances. Also, the coverage will vary in this matter. After learning the family issues, learn their health problems and requirement which will ensure you buy adequate health insurance for your family. While there is no way to be absolutely certain, it would be wise to take a conservative approach. We all want a specialized attention for every individual member of family. But buying individual plan for all will only add-up to your insurance costs. So family floaters would be one of the best options to take care of your family (spouse, children, siblings and parents) health needs while individual health care along with senior citizens health care plan will be suitable if you’re not married and just have parents. Once you figure out requisite healthcare needs you need to fix the annual price or premium that you will need to pay. Then go for thorough research by discussing with family members or friends, calling up agents or online mediums and check your comfort with brand or company and their reputation. Compare parameters like age, income sources, work profile,
place of living, pre-existing ailments, hereditary disorders, etc. while buying insurance policy. Far too often, health insurance decisions are put away either because they seem to be too complex or it is a very depressing thing to think about. But believes us health issues like critical illnesses, accidents bring serious financial crisis and you might not even recover well due to this shock which would be more depressing under this situation. Unfortunately, healthcare expenses can become a pain at any point, so it’s better to get prepared to combat the issues beforehand.