123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Things To Check Before Switching To A Different Health Insurer

Profile Picture
By Author: Easy policy
Total Articles: 20
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Most of the policies are affordable and have to be renewed annually. In most of the cases, it is provided by an employer and if needed, even individuals can directly purchase it.

What are Health Insurance Benefits?

Usually, the benefits depend on the policy chosen and the coverage it offers. However, following are the most common benefits provided by most health care policies -

By just paying a small amount periodically, one can be assured of a secure future

Meet expensive medical expenses and post-illness care by avoiding a financial breakdown

Get medical and hospitalization bills covered

Get custodial and disability bills covered

Avail tax benefits under section 80D of the Income Tax Act for the premium paid

Special policies for those above the age of 60

All medical health insurance policies differ from each other. Based on the subscription amount and the policy chosen, what expense the policy covers, limit of coverage and the options for treatment will all differ. Understanding the health insurance portability is very important. Therefore, ...
... it is very important to choose a health insurance wisely and more so, before switching from one insurer to another. Here are list of things that you must check in a good health insurance policy -

Pick a policy that offers maximum renewal age: You will need a policy that will come handy at a time/age when you will need it the most. Even better, look for lifetime policies.

Treatment-wise Limits: Each policy will have a list of treatments/surgeries that will cover. Go through the limit set for each treatment/surgery before you sign-up.

Copay: The share of admissible claim that would have to be paid from the customer's pocket.

Day-wise Cash Limit: Check the no. of days of hospitalization required to avail the daily cash benefit.

Pick the highest cover available: The medical inflation in India is increasing at the rate of 17 to 20% annually.

Check Credibility: Study the insurer's history, ethics and governance. Get the advice of a health insurance advisor.

Especially while switching from one insurer to another, you must remember that you do not have to fore go the benefits you had accumulated. With the introduction of Health Insurance Portability, a new regulation, one need not worry about having to losing their pre-existing diseases cover and No Claim Bonus. Therefore, if you are unhappy with your current insurer, you can switch, at your own free will, to another insurance company that promises you better returns.

There are numerous online health insurance companies and policies that are available today. Pick the best and enjoy each day with the assurance of a securetomorrow!

Total Views: 349Word Count: 426See All articles From Author

Add Comment

Insurance Articles

1. Understanding Depreciation And Musical Instrument Insurance
Author: musicinstrumentsins

2. How To Get A Musical Instrument Appraisal?
Author: victor12johnson

3. The Unexpected Can Happen: Protecting Your Investment With Bassoon Coverage
Author: musicinstrumentsins

4. Your Go-to Guide For Hiring A Public Adjuster Akron Ohio
Author: ADVAN

5. 6 Reasons To Get Your Brass Musical Instrument Insured
Author: musicinsurancecompany

6. Choosing The Right Third-party Insurance Plan In Saudi Arabia: Tips And Considerations
Author: Tree Insurance

7. Why Is The Clarinet The Best Instrument To Learn?
Author: josephwhite176

8. Can I Fly With A Cello Instrument?
Author: micheljordan4

9. 5 Tips For Shipping Woodwinds Instruments
Author: victor12johnson

10. Navigating Medical Malpractice Insurance In Houston: What Healthcare Professionals Need To Know
Author: advanced Professional services

11. What Instruments Are In The Orchestral String Family?
Author: micheljordan4

12. Guide To Health And Mediclaim Insurance
Author: Moneyedge

13. Expert Advice On Maximizing Your Savings On Car Insurance Renewals In Uae
Author: Stephan Rose

14. Trends In Medical Insurance: Insights From Omega Insurance Brokers
Author: omegadigital

15. How To Care For Your Flute?
Author: josephwhite176

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: