With growing mortality we are sure to try to secure our lives in the best possible way. And what is a better way to secure our lives than finding a health insurance plan that suits our individual needs and requirements. However, choosing just the right one can get cumbersome and confusing. With unlimited insurance plans on offer by hoards of companies, it is best advised to research well and then to identify the right policy. Here, we are doing just that; helping you to distinguish between the different health insurances to find the perfect one.
So what are the features you should consider while buying a health insurance plan?
- Premium Offered
Premium offered is a vital factor to be considered when you are buying insurance. You should keep in mind the sum that you can pay as the premium when buying the policy. However, you should not make it your prime factor. If you buy an insurance policy with a low premium and later find that it does not cover the cause of your hospitalization, then it will be an effort in vain.
- Co-Payment Clause
Under the co-payment clause, the policy buyer is supposed to share the cost of the total hospitalization. So when you buy the policy, look for the lowest rate of co-payment.
- Exclusions Included
It is very important to know the exclusions that your policy has, because once you go to claim the insurance, it might be a surprise, as well as a condition of panic if you find that the cause of your ailment is not covered by the health insurance.
- Age Limits
It is important to know up to what age the insurance covers you and your family because in a case of emergency you might find it helpful to know whether or not you can go to your insurance company.
- Claim Bonus
Claim bonus is the amount you are given after one year of not claiming the insurance. You can look for the company that offers the highest claim and always remember to claim it at the end of the year.
- Hospitalization Expenses; Pre and Post
You need to look out for the insurance that offers the sum for pre and post expenses for the maximum number of days. This is a beneficial factor while buying a health insurance.
- Diseases already prevalent
Some insurance companies do not provide for diseases that already exist; they usually wait for a few years before they cover those diseases that had been prevalent before you bought the claim. Hence, look out for that insurance which covers your pre existing disease in a lesser time period.
- Room rents
When one is hospitalized, it is very important to know how much of the room rent is covered by the insurance policy.
We have tried to outline the best features offered in a health insurance plan so that it helps you to buy the best plan and keep healthy and profitable, both at the same time.