Skip to main content

Five thumb rules to select the right health insurance policy

 The healthcare industry has witnessed a rapid rise in demand across the country, especially since the Covid outbreak. New and complicated ailments, lifestyle diseases and better health awareness are some of the reasons for medical inflation. Going by our lifestyle patterns, there’s no way these figures are coming down in the near future. So, how do we protect ourselves and our savings? Having a good healthcare plan in place can save you from going bankrupt. It will also help you access the best facilities.

When it comes to choosing the right health insurance plan, confusion and questions are normal. There are so many healthcare providers to choose from. To add fuel to the chaos, each provider has a plethora of products (same game, different name). This is why it is impossible to cherry-pick the most appropriate health plan for yourself or your family. In case you’re stuck with the same delirium, here are five thumb rules you can follow to make an informed decision.

When it comes to healthcare plans, age isn’t just a number. This number determines the subscription price that you’ll have to pay to the healthcare provider. The rule of thumb here is that healthcare subscription charges increase with age. This is primarily because elder people have higher medical expenses compared with teenagers or young adults.

Therefore, when it comes to buying a healthcare plan, the sooner you start the better. In fact, 18 is considered the appropriate age for getting your own healthcare plan but anywhere in your early twenties is also fine, as long as you’re healthy. Also, you should carefully check the age limit criterion of a healthcare plan before you make your choice.

It is estimated that 65% of our healthcare costs are spent on OPD. This includes your regular doctor visits, medicines, lab tests etc. A lot of companies have now started offering OPD benefits but there’s a limit attached to it. Make sure you go through these terms and have your doubts answered.

Look For Loopholes

Each and every loophole of the healthcare plan such as post-purchase deductions, limitations on the benefits, exclusions etc can throw you off guard. Opting for healthcare plans that are completely transparent in their settlement process is the way to go.

Generally, when agents are selling you health plans, they won’t care about explaining these finer details. The website will also cleverly leave these details out. It is important to know what you’re signing up for and what’s your contribution should you undergo a treatment or an emergency.

Go For What’s Easy

This is by far the most important point one needs to remember while buying a healthcare plan. No matter how good a plan seems upfront or how expensive it is to buy, the process for settling your benefits must always be transparent, easy and well-laid out beforehand.

How many days does it take to settle your requests? Who should be your point of contact? What to do in case of an emergency? What documents are needed after undergoing a treatment? Who pays first – you or your health plan provider? These are some questions that you must ask before making any payments.


Comments

Post a Comment

Popular posts from this blog

Another major HIV vaccine trial fails

  The only HIV vaccine in a late-stage trial has failed, researchers announced Wednesday, dealing a significant blow to the effort to control the global HIV epidemic and adding to a decadeslong roster of failed attempts. Known as Mosaico, the trial was the product of a public-private partnership including the U.S. government and the pharmaceutical giant Janssen. It was run out of eight nations in Europe and the Americas, including the U.S., starting in 2019. Researchers enrolled nearly 3,900 men who have sex with men and transgender people, all deemed at substantial risk of HIV. The  leaders of the study   decided to discontinue  the mammoth research effort after an independent data and safety monitoring board reviewed the trial’s findings and saw no evidence the vaccine lowered participants’ rate of HIV acquisition. “It’s obviously disappointing,” Dr. Anthony Fauci, who as the long-time head of the National Institute of Allergy and Infectious Diseases (NIAID) was an...
Post a Comment
Read more

How events unfolded in Sarah Everard’s killing as her murderer is sentenced to life without parole

  The day Everard goes missing – March 3: 4:45 p.m.: Couzens collects the hire car. – 9 p.m.: Everard leaves her friend’s house in Clapham Junction in south London to walk about 2.5 miles home. – 9:13 p.m.: She phones her boyfriend for just over 14 minutes. – 9:15 p.m.: Everard is captured alone on CCTV. – 9:35 p.m.: A bus camera captures two figures beside a white Vauxhall Astra parked on the sidewalk with hazard lights flashing. – 9:38 p.m.: Another bus camera captures the same vehicle with the two front car doors open. – 11:38 p.m.: Couzens transfers Everard to his own car in Dover and drives towards a secluded rural area where she is raped and murdered. The aftermath – 2:31 a.m.: Having transferred Everard to his own car, a Seat, Couzens stops at a service station in Dover to buy drinks. Everard is dead by this point. – 3:21 a.m.: The car passes a CCTV camera near Hoad’s Wood, where Everard’s body is dumped. He visits the site twice, leaving just before dawn. – 8:30 a.m.: The h...
Post a Comment
Read more

Top Wikipedia Editor Arrested in Belarus

     Prominent   Wikipedia   editor Mark Bernstein has been detained in   Belarus   for editing   Wikipedia   articles about Russia's invasion of Ukraine. The Main Directorate for Combating Organized Crime and Corruption of Belarus (GUBOPiK) has arrested Bernstein, according to Belarusian publication Zerkalo. The Verge reported that Bernstein's social media accounts, Wikipedia handle and place of work had been shared in GUBOPik's channel on the Telegram messaging app. A video of Bernstein's arrest was also posted, along with his photo and personal details. Bernstein is accused of "distributing fake anti-Russian information" in the photo. Bernstein is one of the top 50 editors of Russian Wikipedia. A Wikimedia Foundation spokesperson said: "The Foundation's Trust and Safety and Human Rights teams have been monitoring the ongoing crisis in Ukraine. "We are in close touch with our communities in the region to ensure their saf...
Post a Comment
Read more