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

Tips To Find The Right Health Insurance Plan For Your Family

Profile Picture
By Author: Samidha Harinna
Total Articles: 62
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Health insurance is a deal between the insurance company and the insured person where the insured person pays an annual premium to the insurance company for compensation against the medical expenses.

The rising medical costs are a reason as to why you should consider health insurance. There are different types of health insurance called Individual health insurance and family health insurance. The individual health insurance is for a single person. The family insurance plans are for the entire family.

Individual health insurance plans
This type of plan is owned by an individual.
You have the option to customize your plan as per your needs. You can avail tax benefits on this type of plan as per the Income Tax Act. This type of plan requires that you complete a waiting period to cover pre-existing illness.

If you are not satisfied with your plan you can switch your insurer. This plan can be renewed lifelong. This plan offers cashless claim benefits.

This insurance covers pre and post hospitalization, maternity and newborn, emergency medical services, severe illness, diagnostic tests, doctor’s consultation fee and more.

Family health insurance plans
This type of plan allows you to cover yourself, your spouse, children and dependent parents. You can even cover your in-laws. This plan has a cheaper premium compared to the individual health insurance. The plan cannot be renewed after the senior most person reaches the age of 65.

This plan does not offer the option of customization as per your needs. The premium paid is eligible for tax benefits under the Income Tax Act. This plan offers greater coverage. Few features of the plan offer discounts and incentives.

This insurance covers adding a new family member, restores exhausted coverage, rebate on high sum, increase in the sum assured, day-care treatments, daily cash allowance, ambulance charges, hospitalization fee and more.

Tips on what good family insurance plans should offer
• The plan should allow you to increase the sum assured.
• It should allow you to add a new family member easily.
• There should be facilities to avail cashless hospitalization easily.
• The plan should offer value added features like 24*7 telephonic medical advice, free health check-ups, discounts on services like health clubs, medical stores and fitness centres.
• The plan should have a maximum renewable age limit.

The author likes to write about different insurance plans offered by the insurance companies. Here he has discussed the family insurance plans. For more information visit greyfont.com.

Total Views: 41Word Count: 420See All articles From Author

Add Comment

General Articles

1. Discuss Japan's Interest In China And The West In The Period Of The Tokugawa Shogunate
Author: Samantha Jones

2. Introduction To Ruby Coin
Author: ruby coin

3. Children Sleep Dentistry: Help Your Child Overcome Dental Phobia
Author: Jeniffer Lloed

4. Technical Textile Market ,statistics, Business Opportunities, Competitive Landscape And Industry An
Author: eric james

5. How To Conduct A Diversity Survey
Author: Shalabh Mathur

6. Food Testing Kits Market ,manufacturers, Research Methodology, Competitive Landscape And Business Op
Author: eric james

7. Glass Curtain Wall Market , Manufacturers, Research Methodology, Competitive Landscape And Business
Author: eric james

8. Softpulse Infotech's Ceo, Rahul Bhisra, Leads The Firm With Inclusivity, Innovation, And Sustainabil
Author: Softpu

9. History And Remarkable Events Of Bitdefender
Author: REMARKABLE EVENTS OF BITDEFENDER

10. Workspace Innovation – What Makes It Work?
Author: DanielFeasey

11. Common Faqs Related To Mcafee Antivirus
Author: MCAFEE ANTIVIRUS

12. Best Astrologer In Sahakar Nagar | Famous & Top Astrologer
Author: Shri L H Bhattar

13. Global 3d Printing (additive Manufacturing) Market Report 2021 Global Industry Statistics & Regional
Author: Balaji Deshmukh

14. Solar Encapsulation Materials Market: Facts, Figures And Analytical Insights, 2021 To 2027
Author: Balaji Deshmukh

15. Advanced (3d/4d) Visualization Systems Market Growth, Industry Analysis | Global And Regional Foreca
Author: Balaji Deshmukh

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