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WHAT IS HEALTH INSURANCE | WHAT IS MEDICAL INSURANCE |
Health insurance is a type of insurance cover that covers the cost of medical care, surgery, and sometimes dental expenses covered by the insurance. Health insurance can reimburse a sponsor for expenses incurred for illness or injury, or pay for a direct care provider. It is often included in employer benefit packages as a means of attracting high-quality employees, with premiums covered partially by the employer but often deducted from workers' salaries. The cost of health insurance premiums is given to the payer, and the benefits received are tax-free.
The Need for Health Insurance
Medicare or medical expenses increase each year. In fact, inflation is much higher than inflation in food and other subjects. While inflation in food and clothing is one-digit, the cost of medicines often goes up by double digits.
For someone who doesn't save a lot of money, planning a cash at 11 o'clock can be a chore. This is very frustrating for the elderly, as long as many illnesses plague an adult.
· One way to provide health / health-related emergencies is to take out health insurance. Health insurance offers several flexibility in terms of cover / illness cover. For example, some health or medical insurance plans cover Thirty critical sickness and over 80 surgical procedures. The insurance plan distributes coverage for surgery / illness even though there are actual costs of treatment. The vaccine continues even after the payment of a benefit for the selected diseases.
With health insurance, you are guaranteed a much safer and more economically secure future. This makes health insurance policies very important to people, especially if they are responsible for family well-being.
Types of Health Insurance Plans
1. Individual Health Insurance Plan
Personal Health Insurance Program is a type of health insurance that covers the health care costs of an insured person. These policies cover the cost of surgery and hospitalization of the protected person up to the cover limit. The premium for each plan is determined based on the medical history and age of the person who purchased the program.
2. Family Health Insurance Program
If a person wants to buy all their family's health insurance (spouses, children and parents) with one plan, then they should go to the Roof Family Policy. Any family member covered under the policy may apply for hospital and surgical expenses. As an Individual Health Insurance plan you have to pay a premium for family travel policy. The premium for the family benefit policy is determined according to the age of the largest member under the policy compilation.
3. Group Health Cover
Group Health Insurance plans are purchased by the employer from their employees. The premium on group insurance is less than the individual health insurance policy. Group health plans are often limited in nature and offer the same benefits to all employees.
4. Senior Citizen Health Insurance
In old age, health issues include expensive medical care. To meet the high cost of medical care, insurance companies have developed health insurance plans for senior citizens. These programs provide cover to anyone from the age of 65 and over. In general, the premium is higher in the case of adult health insurance plans as compared
to other policies.
5. Critical Illness Health Insurance
The Most Important Disease Policy covers the costs involved in the treatment of life-threatening illnesses such as tumor, permanent disability etc. These policies usually pay a sum of money to a person who is protected from the fact that they are covered for the serious illnesses covered in the policy document. Unlike other policies, the Personal and Family Health Insurance Policy, hospitalization policy is not required, only a diagnosis of the disease is sufficient to claim benefits.
6. Super Top Up policy
Super Top-Up policies offer additional cover over standard policy that can help increase the amount of insured coverage. The Super Top-Up Policy can only be used after the amount issued by the normal policy policy has been completed.
· For example, if a person has a standard health plan of Rs 3 lakh and a Senior Plan of Rs 5 lakh. In the case of a claim of Rs 5 lakh, the existing medical policy will pay the claim of Rs 3 lakh and then the remaining amount of Rs 02 lakh will be protected under the Super Top-Up policy.
Here are 7 tips to help you choose the best health plan: -
1. Seek proper coverage
Choose a health plan that protects you from many medical problems, and offers assistance including hospitalization and pre-hospital expenses, day care expenses, travel, illness you may be at risk due to your family's medical history, etc. When buying health insurance for your family, check if the policy meets the needs of each member of your family. Think about your needs, compare plans with benefits and costs, and use less diligence to choose the plan that best suits your needs.
2. Keep it affordable
While it's important to buy a health plan that meets your needs, it is also important that it fits in your pocket. Budget is a very important factor when buying health insurance. However, you should consider the benefits of a plan before you consider the cost of a plan. It is a wise decision to buy an expensive health cover at the beginning so make sure you are covered properly and the premiums are also expensive. Over time, you can review your plan and increase the cover appropriate for inflation, family size, and requirements.
3. Prefer family over individual health plans
Individual plans are good for people who have no family to support them. However, if you buy health insurance and keep your family in mind, buy a family health plan for maximum benefits.
4. Choose a plan for a lifetime renewal
When buying a health plan, be sure to check how many years this plan will cover or provide limited renewal or not. Why? Because you will need a very good health plan between the ages. Therefore, choose lifelong health plans.
5. Compare quotes online
You can compare health insurance policies online to make sure you buy a health plan that caters to your needs. You can also request an 'online rate' which means you can enter your information on the website and receive a refund of your policy. Collect the best quotes and compare them to come to a decision.
6. Network hospitalization
If you already have a selected list of health plans, check whether your favorite hospitals are included in their hospital network. Always choose an insurance provider that has an extensive network of hospitals worldwide.
7. Payment rate for senior applications
The application fee rate is the number of claims solved by the insurance provider over all claims received. Always choose the insurance with the highest claim rate.
Use these tips to maximize your benefits when buying health insurance. The investment you are making to protect yourself from the financial burden of high health care costs - make sure you do your best.
Conclusion:
Health insurance provides unforeseen emergency medical assistance. Everyone has different medical needs. Some may need individual health insurance to cover their medical expenses or one would like to take a floating family policy to cover their family member's expenses with a single policy. The Super Top-Up Policy serves as an additional policy to the general / existing health insurance policy. Therefore, one should choose a health insurance plan after taking into account their medical needs and needs.
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