Health Insurance Plans

All about health insurance

Looking at the inflation in the healthcare sector, a supplementary investment plan can be of real use. Buying mediclaim coverage is quite a justifiable option to curb the health costs. Large number of families has looked upon mediclaim as a convenient investment, and has made health insurance a part of their financial plan.

Health insurance comes up as the bail out whenever an emergency emerges. But many times, health insurance policy holders find themselves in the state of perplexity. While health insurance policies provide several benefits, there are certain exclusions under which a policy holder may not be able to raise claims.

It is critical that you about these exclusions before buying a health insurance plan. This can help you take necessary riders which can provide you additional coverage against any unforeseen health risks. Here is a quick snapshot for you.

Health Insurance Plans provide financial assistance in case of hospitalization for more than 24 hours. Depending on the plan hospitalization charges along with doctor fee and medicine cost is taken care by the insurer.

Healthcare plans such as maternity health makes sure your spouse gets proper care while delivery. Maternity health plan covers all the costs incurred during hospitalization of spouse, so that you just relish the joy of having your child and leave the financial worries on the insurers.

Similarly Health plan such as senior citizen plan makes sure the health of the old is also cared about and whenever required proper Medicare is provided to them.

senior citizen healthcare plan is devised to cater the health needs of aged people and keep them financially stable.

Pre-existing disorders: Most health insurance plans come with exclusions related to the treatment of pre-existing health disorders. Some plans may not cover pre-existing diseases at all, while there are few plans, under which you can cover pre-existing diseases but after a certain period of time.

Naturally, the amount of premium is higher in case of plans which cover pre-existing diseases. It is advisable to disclose all known pre-existing health disorders before buying a health insurance plan.

Period of coverage: Health insurance plans become applicable only after a certain period of time. For instance, there are plans under which you can raise a claim only after a month of buying a policy. These conditions are incorporated to prevent any misuse of health insurance plan. Insurance companies attempt to avoid claims which are raised immediately after buying the policy – as it is apprehended that a policy holder may be already aware of the disorder and may have bought a health insurance policy to get the treatment costs covered.

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