Health insurance has become very important for everyone today. After the COVID-19 pandemic, the demand for health insurance has increased a lot as people are now more health-conscious. If you are buying health insurance for the first time, you should know a few things to avoid problems later. Many health insurance companies create issues during claims, so it’s important to choose carefully.
Before buying a policy, check your and your family’s medical history. This will help you choose the right plan. Also, select a health insurance plan that fits your budget and provides enough coverage for your needs.
Important Things to Check Before Buying Health Insurance
Health insurance has a waiting period during which you cannot make a claim. So, before buying a new policy, check the waiting period with your provider. Most companies have a waiting period of around 30 days.
You should also check the company’s claim settlement ratio. If the ratio is low, your claim might get delayed or rejected. Always choose a trusted company that settles claims quickly and easily.
Try not to go for a very low premium plan, as it may offer less coverage. This can cause problems if you face a major illness.
Before purchasing a policy, check the list of network hospitals. If you get treated at one of these hospitals, you can use the cashless treatment facility. The more network hospitals a company has, the better it is for you.
Also, make sure your policy includes a day care facility. Some insurers require at least 24 hours of hospitalization for claims, but with a day care facility, you can claim for short treatments too.