you should avoid top health insurance mistake
DESCRIPTION
While checking various health care policies, we are spoilt for choice making it difficult for us to know which policy would be the best suitable. Should you go in for a policy which is the cheapest of them all with low premium or opt for more specialized policy covering any pre existing diseases? Let us take a look at various aspects of health insurance including a list of common mistakes to avoid while signing up for a health insurance plan. source:http://blog.bankbazaar.com/top-health-insurance-mistakes-to-avoid/TRANSCRIPT
You Should Avoid Top Health Insurance Mistake
source:blog.bankbazaar.com
Mistakes
• Depending on Employers Group Policy
• Don’t Forget to Compare Health Insurance Polices
• Low Premium is not always the Best
• Do not opt for Low Sum Assured
• Check for Pre Existing Disease Cover
• Reading Terms and Conditions Carefully
source:blog.bankbazaar.com
Depending on Employers Group Policy
Most group health care insurance companies either cover parents or spouse and seldom both. It is therefore essential to always check the total amount of health cover, the nature of illness or disease covered and the family members being covered by the policy
source:blog.bankbazaar.com
Don’t Forget to Compare Health Insurance Polices
There are a large number of health insurance service providers active in the Indianinsurance space today, Make sure to shortlist the best health insurance polices ofeach service provider and do an active comparison before finalizing the best policy
source:blog.bankbazaar.com
Low Premium is not always the Best
The golden rule for selecting a right healthcare policy is to understand that cheapest policy may not necessarily be the best. Make sure you stay away from low premium polices as they are likely to offer limitations in terms of diseases covered have a day wise cash limit and a high co payment policy.
source:blog.bankbazaar.com
Do not opt for Low Sum Assured
Sum assured is the amount of cover offered by the health care policy for one year. The premium is calculated according to the total sum assured. A large number of people make the mistake of opting for a lower sum assured in order to reduce their annual premium.
source:blog.bankbazaar.com
Check for Pre Existing Disease Cover
A large number of health insurance policies do not cover any pre existing diseases. If you are suffering from any pre existing diseases make sure to never hide your disease from the service provider and choose the most suitable policy. Some health insurance policies have a time period after which they allow pre existing disease cover.
source:blog.bankbazaar.com
Reading Terms and Conditions Carefully
Read the terms and conditions of the health care policy carefully before signing the dotted line. Make sure you are aware of the certain essential parameters including the sum assured, premium to be paid, the features associated with the policy, the types of disease covered, the network of empanelled hospitals etc before signing up.
source:blog.bankbazaar.com