Health insurance reviews

Health insurance

Be the Boss of Your Own Medical Insurance Plans

Insurances can get tricky if you have no idea about it. Nonetheless, you cannot ignore the importance of insurance policies, especially medical insurance India. In a world, where people are getting their assets insured, your health should be your top priority and with the internet doing almost everything for us, many people have already joined the long list of people who are opting of medical insurance India online.

If you are sceptical about this, then you should leave all your apprehensions behind because you get to take charge of your medical insurance India from the beginning. With the online policies available, there is no chance that you will have to take help from brokers or any kind of agents who would ask for extra commission, hence, eating into your money.

Browse through all the types of medical insurance that you can get online and choose the best for yourself and your family. There are innumerable insurance companies who want to attract more number of customers and you can make your choice by going for the one that gives you affordable premiums and more benefits.

Get the quotes of different medical insurance India companies and then contact them, rather than contacting each company individually. Also, finding a Buy Best Mediclaim Policy India that will cover grave illness and the hospital bill is important. Most of the companies ensure that the medical cover will give you the benefit of choosing the right kind of policy to add on advantages.

Although, add on benefits can be a little expensive compared to your regular insurance, but they give you better coverage and features which might not be present in the simple policy that the company is offering.

Compare medical Plans online

There are many types of medical insurance India policies to choose from, starting from the individual plans for the one that supports the entire family. Then there are plans that offer a comprehensive coverage. Along with the premium that you will have to pay for the medical health plan, you would also have to look for the sum that will be insured. Don't go for insurance plans that ask for the lowest premium as in the case of health insurance, you will have to look at other factors as well.

Another factor that you cannot miss is the network of hospitals that the insurance company is associated with. This will help you get the right medical insurance with the maximum benefits.

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Best Health insurance In India

Understanding Major Medical Insurance Policies

Health coverage is beneficial and important for everyone to have, but some people are confused and intimidated by all of the information that goes along with an insurance policy. Here is a breakdown of some of the features that you can expect with a major medical insurance policy.

Major Medical insurance policy is health coverage that is set up to provide fewer holes in coverage, and a wider range of expenses. The goal is to have better individual benefits with maximum limits, and this usually breaks into two more extensive policy groups which include comprehensive and supplemental major medical insurance.

Comprehensive policies can be broken into two different plans, where one provides first dollar coverage, and one does not. Policies with first dollar coverage start immediately, as soon as the expenses are incurred. If the insured does not have first dollar, they must pay the deductible, and coverage will begin when the insured can show proof of having incurred and paid a covered expense, and satisfied the deductible.

For this type of coverage, there is also the option of having coinsurance, which is when the insurance company and the insured share all the additional expenses once they are past the deductible amount. It is also important to know that not all medical expenses are subject to a deductible for initial procedures, but then the insured may be responsible for any additional expenses after that.

With the supplemental policy, the basic coverages for hospitalization, surgeries and medical expenses are backed up, enhanced, and extended to cover a broader range of expenses. With the basic plan, the deductible will be paid to cover expenses up to the policies limit. Once the insured goes beyond that limit, they will then have a deductible to pay, and the supplemental policy begins.

When it comes to deductibles, there is a lot to understand, and it is important to choose the best plan and deductible to suit your needs. There are many different ways a deductible can be applied, and the most common are:

- Per cause deductibles, which means that the insured pays just one deductible for all of the expenses that stem from one occurrence, even if the illness extends for months or even years.

- All cause deductibles cover expenses for any amount of occurrences. Once the stated deductible has been paid by the insured, all other charges during the year will also be considered paid.

- Family deductibles are provided for entire families, instead of each individual family member. So, once the deductible is set, it doesn't matter how many family members there are, or how many members incur expenses, the amount will stay the same.

No matter which service you decide will work best for you, either one of these major Medical insurance policy will provide a wide range of benefits that will fit your lifestyle. Make time to go over all of the policy information, or talk to an agent that can help you design a plan to protect you and your family.

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Medical insurance

Exclusions in a Health Insurance Policy

What does a health insurance policy not cover i.e exclude?

The moment of truth in an insurance policy is at the time when a claim arises. One of the most common reasons for a health insurance claim not being paid by an insurance company is when they say that the particular disease is not covered by the policy and is an "exclusion". It leaves a bitter taste in the mouth of the policyholder and can sometimes put the policyholder in great financial difficulty. Thus, it is very important to know in detail about the exclusions in a health insurance policy before purchasing it. In our opinion, it is a far more important variable than price. A policy might be 10% cheaper than a competitor's policy but might have many more exclusion clauses-in such a case, the policy with the lesser number of exclusion clauses would be the better choice for the policyholder.

In this article, we deal with some of the common exclusion clauses in Health insurance policies. Of late, we are seeing some innovation in this area with the new companies not excluding certain ailments which had traditionally been within the exclusions area

Maternity: In most cases, maternity and maternity related expenses are not covered in an individual or family floater health insurance policy. Maternity is typically covered in a group policy. In certain cases, we are seeing maternity being covered after 5 years into the policy.

Diseases or illness contracted within the first 30 days of the policy. The insurance company does this to safeguard itself against customers buying a policy immediately after a disease has been detected

Cataract, Prostrate, Hernia, Piles, fistula, gout, rheumatism, kidney stones, tonsils and sinus related disorders, congenital disorders, drug addictions, non allopathic/alternate treatments, self inflicted injuries, hysterectomy, fertility related treatments, etc are normally not covered under a health insurance policy. Dental treatment and cosmetic surgery is also typically excluded. Contact lenses cost is also not covered. HIV/AIDS is excluded, which has been a subject of great debate and criticism in the last few weeks. Some insurance companies do not cover treatment incurred outside the country, so you should check once before buying the policy

Pre existing diseases are not covered in Health insurance policies. Preexisting means a disease that you have had prior to joining a health insurance policy. The policyholder may or may not have been aware of the pre-existing disease. Further complications which arise due to the preexisting disease are also not covered. For example, renal problems which arise due to a person having diabetes at the start of the policy would not be covered. This can sometimes lead to a lot of confusion and heartburn. Someone gets admitted for a kidney related treatment, and the insurance company turns down the claim saying the kidney problem has arisen because the patient had diabetes, and rejects the claim. It can get a little grey here as medical science cannot sometimes clearly pinpoint the root cause of a particular disease outbreak. In most cases, preexisting diseases are covered after 3 or 4 consecutive policy years. This is the single biggest reason why one should buy a health insurance policy at a young age, and continue with the same insurer. Because if you shift to a new insurer, you lose your previous credit and a disease that was being covered by the old insurer might be treated as a pre-existing disease by the new insurer. We have noticed that insurance companies start facing more claims from the health insurance customers from their 4th or 5th policy year, as pre existing begins to get covered and the profitability of the portfolio goes down

War related health insurance claims are mostly excluded from the policy coverage

Abortion related health expenses are not covered in Health insurance policies

Pl do note that with competition heating up, some of the exclusions mentioned above will begin to get covered by a company or two so that it can be used as a selling point. Thus, the lists mentioned above are subject to change. The moot point here is that 10 minutes spent to read the exclusions list of the policy you are considering to buy could save you a lot of headache buyer. Be an informed buyer- there will be no else to blame but yourself.

Article Source: http://EzineArticles.com/6323370