- In these times of escalating health care costs, it is prudent to avail health insurance
- Instead of simply opting for the cheapest plan, compare features. By paying a little extra, you might be able to avail better benefits
- Employer funded Health Insurance might fall short of your needs
Riya Basu, an Andheri-based digital marketer, was diagnosed with kidney stones and had to be operated. She was shocked to learn that the entire procedure would cost her close to ₹3,00,000. Then she remembered that a year ago, her sister had convinced her to buy a health insurance. She looked for the policy and the necessary documents and deposited them with the Third Party Administrator (TPA) at the hospital. She could finally feel relieved, when the TPA informed her that the insurance company had agreed to pay her entire bill.
In recent times of skyrocketing health care costs, health insurance has been a blessing. It provides protection against expenses arising out of medical emergencies, while preventing your savings from taking a hit. However, choosing a health insurance can become more complicated if you are not aware of certain basic things.
Read along to discover the ultimate checklist for buying health insurance for women:
The most important point to consider is whether your policy will provide adequate coverage to you. Do not negotiate on cover, just to save money on premium. Instead of opting for the most affordable plan, do some research; you might to able to avail better benefits by paying a little extra.
Every insurance company has a waiting period before it starts covering pre-existing diseases. The usual waiting period is a minimum of 30 days. However, for pre-existing ailments, it can run up to 4 years. It essentially means, you can claim the benefits only after the waiting period.
Medical emergencies can occur anytime anywhere; it is important to opt for insurers with a vast network of cashless network of hospitals. Check whether your insurer is providing cashless facility or reimbursement facility, it is better to avail cashless facility as this will involve less paperwork and hassle. It is advisable to consider insurers providing cashless facility in hospitals existing near your area of residence.
Carefully go through the exclusion clause provided in the insurer’s website as well as the policy brochure. A lot of companies exclude certain diseases and expenses related to them from their coverage list. Compare whether the policy you are planning to opt for covers heart and cancer related conditions, and pregnancy or child birth related medical issues.
Value Added Services
Most insurance companies now go beyond their product and offer certain value-added services like providing free medical checkups. These services make the policy even more feasible.
It is crucial for women to consider the above-mentioned points while choosing their health insurance and remember that “a stitch in time saves nine”.