Sunday, April 26, 2009

Health Insurance



Health Insurance

You may not worry on your health, but you sure do care about your assets. With healthcare costs rising at more than 15 per cent a year, having a health insurance is becoming a stipulation.

These policies are of three types -- the first covers basic hospitalization needs; the second critical illness; and the third daily hospital cash reimbursements. Even life insurers offer physical condition covers with defined profit.

Under these, a pre-specified amount is paid as compensation, irrespective of the expenses incurred.

With or without a family, you need a health cover. For those who have a family, we advise a family floater instead of a standalone policy since the prospect of all family members needing hospitalization at one go is isolated.

Even if your employer offers group medical insurance, get your own cover. A change of job could leave you without insurance, and so could leave. And, getting a fresh cover after 45 is hard.

Importance

  • Buy floater policy to cover total family
  • Option for a cashless plan, keep a cashless mediclaim cards handy
  • Ask insurers for a premium fee to find the cheap policy
  • Keep an eye on exclusions and inclusions in the policy
  • Undergo medical tests, if required
  • Buy a health insurance even you have one from your employer


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