HOW TO CHOSE BEST HEALTH INSURANCE / MEDICLAIM

How to chose best MEDICAL HEALTH INSURANCE FOR FAMILY

Things to check before buying health insurance

1. Look for the right coverage

Choose a health plan that secures you against a wide range of medical problems, and provides benefits including pre and post hospitalization, day care expenses, transportation, illnesses that you may be at risk of due to your family's medical history, etc. If you are buying health insurance for your family, check whether the policy meets the needs of each member in your family. Consider your requirements, compare plans on benefits and costs, and apply a little due diligence to choose a plan that caters to your needs.

2. Prefer family over individual health plans

Individual plans are good for individuals who do not have a family to support. However, if you are buying health insurance keeping your family in mind, purchase a family health plan to enjoy maximum benefits at a more affordable price.

3. Choose a plan with lifetime renewability

When you buy a health plan, make sure to check for how many years the plan will cover you or whether it offers limited renewability or not. Why? Because you will require a health plan the most during the later years of age. So, choose health plans which offer lifetime renewability.

4. Network hospital coverage

Once you have a selected list of health plans, check whether or not your preferred hospitals and doctors are included in their hospital network. Always prefer an insurance provider which has a wide network of hospitals across the country

5. Check sub-limit in the plan(Go for without sub-limit plan) Nowadays, most health insurance plans have sub-limits in them. Sub-limit refers to capping the re-imbursement limit under each or some of such cost-heads. For example, the room-rent may be capped at 1 per cent of the sum insured. So, irrespective of the total sum insured of the policy, one may have to pay out-of-pocket hospital bills unless one sticks to the limit. Some health plans do not have any such sub-limits while few others offer an option to add sub-limits at the time of buying the plan.

6. Check for co-payment feature It's not necessary that there will be a co-payment feature in all plans but in a senior citizen health insurance plan it could be a mandatory feature. In higher age groups as the premium rates are higher, a co-payment may provide some relief in terms of affordability, as it helps to keep the premium low. Some plans, however, ask for as much as 20 per cent co-payment if the treatment is done at a non-network provider or in a city different from where the plan was bought.

If you want to BUY Health Insurance online you can buy health here.