You might have gone to the doctor just for a small health problem. The cost of fees, medicine and tests might have stressed you further. Even though you are earning well, still the expense is not so easy to bear, particularly since it came very unexpectedly. If just a small treatment is so expensive, imagine what would be your plight if a severe problem were to strike suddenly? How will your family cope? You need medical insurance to protect you against such losses. A Look At How Health Insurance Protects You Against Unexpected Medical Expenses? Medical insurance can cut down so many expenses that you incur when taking treatment. It will pay for not just the treatment expenses but also for other costs that you are likely to incur when taking treatment. For example, you will incur pre-hospitalization and post-hospitalization expenses when you are admitted to the hospital. These will be compensated by the policy. Another example is day care procedures, home nursing expenses, expenses
for accompanying person, all of which will put a strain on you financially. Though you will get good coverage in a basic policy, it is best to opt for add-ons also because they help to bring down premium costs considerably. It is easy to get a health policy because you don’t need to undergo any medical tests if you are 55 and below. There is a policy available for every age group and budget, so you can easily find one that offers the coverage you want and which is within your budget. Out of the many medical insurance plans available, the best is the comprehensive policy. It offers 360 degree protection, enabling you to get coverage in so many ways, thus bringing down your medical expenses considerably. You can get your entire family covered by it, thus enabling everyone to get protection. Reduce Tax with a Health Policy Investing in a health policy not only helps you save on medical costs, but also on tax expenses. Investing in a policy will help to reduce tax expenditure and you can get a deduction under Section 80D of the Income Tax Act. If you are seeking a means to reduce taxable income, this is the best way to do it.
A medical policy can be obtained easily by visiting the insurance company’s website. There is an online application form that you can fill with details and coverage required and submit. If you want to know the cost for coverage you need use the online calculator to find out. One you have submitted the application, policy documents will be sent to you in a week’s time through email or post.