A General Guide to Health Insurance With more and more people falling prey to lifestyle diseases lie diabetes, cardiac illness and respiratory diseases, the health demands utmost attention. The growing inflation and high cost of treatment makes people ignore their health initially only to go for treatments later to rectify the problem and ultimately bearing a hole in the pocket. The solution lies in not running from the situation but facing the reality. Buying a health insurance plan at right time and with right coverage amount is the solution to all your health concerns. If your health is secure, you can concentrate more on other areas like higher education, children’s education, retirement fund without the fear of keeping a humungous reserve for your health requirements. You can ask for health insurance quotes online from different insurance providers, compare their offerings and then buy health insurance online. Before buying health insurance, educate yourself on the health insurance offerings. Health Insurance Policies Individual plans: This is designed for single individuals who are covered for various illnesses as specified in the policy document. The cashless hospitalization feature saves you from the hassle of arranging last moment cash in case of hospitalization. Family Floater plans: This provides coverage to the whole family under a single premium. The sum insured can be utilized wholly by a single member or collectively by different members. Critical Illness plans: This plan is designed keeping in mind the hefty expenditure incurred if availing treatment of any life- threatening disease. The lump sum amount of the policy is paid so that along with the treatment the other household expenses can be managed. Preventive health care plans: This plan takes care of your OPD charges like consultation fee and lab tests. This promotes regular health care thus taking care of an ailment all of sudden due to ignorance. Benefits of health insurance Cashless facility: Every health care provider has certain hospitals on its network all over the country that helps the insured avail treatment without spending out from his own pocket. The medical bill is directly settled between the hospital and insurance provider. Ambulance charges: The insured can avail the ambulance facility free of cost as this is covered in the plan.
Pre and post hospitalization expenses: The expenses that are yielded before and after the hospitalization are also covered for a specified period of time generally amounting from 30 to 60 days. Cover for pre-existing ailments: The pre-existing disease is also covered by the insurance provider with the waiting period Tax Benefit: The tax benefit under Section 80D is provided towards the premium payment up to Rs 15000. For senior citizen the exemption is provided till Rs 20000. Now, that you are aware of health insurance quotes and the way they function make an informed decision and secure your health.