Everyone should have health insurance today. Since the time of Corona, the demand for health insurance has increased. People are becoming more aware about their health. If you are buying health insurance for the first time, there are some important things you should know. This will help you get treatment easily if needed.
Health insurance companies often create problems during the claim process. That’s why it is important to be careful while choosing a new health insurance policy.
Before buying a health insurance plan, always check your medical history and your family’s medical history. This helps you choose the right policy. Also, pick a health insurance plan that fits your budget.
Waiting Period
Health insurance has a waiting period during which you cannot make a claim. So, before buying a new health insurance policy, ask your provider how long the waiting period is. Usually, most companies have a waiting period of 30 days.
Claim Settlement
It is important to know the claim settlement ratio of the company you are choosing. If the company has a low settlement ratio, you may face problems while claiming. So, always choose a company that has a good claim settlement record and pays claims easily.
Premium and Coverage Balance
Avoid taking a policy just because it has a low premium. It may not cover some important treatments. This can cause problems when you have a major illness and need to pay a big hospital bill.
Network Hospitals
Before buying health insurance, check how many network hospitals the company has. If you go to a network hospital, you can get the benefit of cashless treatment. A company with more network hospitals offers better support.
Day Care Facility
Make sure the policy includes a day care facility. Some companies only allow claims if you stay in the hospital for at least 24 hours. But with day care cover, you can claim for treatments that don’t need long hospital stays.