Health Coverage

People have the means of staying healthy but not the financial capacity of availing treatment when health fails them. This is where they feel the need for good health coverage. People who invest in health insurance do so mostly to save tax. Thereafter, when they need to use the plan, they complain that the plan does not provide ample coverage. However, the fact is that insurance policies vary from one another. It is hence necessary to read the policy document carefully before buying the plan.

Most health insurance plans offer health coverage for numerous inpatient treatments. While this is essential, it is also important that people understand that inpatient treatment consists of many aspects—hospitalization cost, ICU/operation theater charges, cost of blood, medical equipments, medicines, etc. The policy should cover them all.

There are medical insurance plans that cover outpatient benefits alongside the inpatient plan. Outpatient treatment is treatment that does not need hospitalization for example spectacles, dental treatments, etc. These are plans that provide all-round health coverage to the individual. Apollo Munich offers plans that cover inpatient and outpatient treatment. While Easy Health and Insure Health cover only inpatient and day-care procedure, Maxima covers both inpatient and outpatient treatment.

Purchase Health Insurance

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When people wish to purchase health insurance, the first thing that comes to mind is the cost of an insurance policy. People have to be careful while selecting an insurance policy. The aim of a mediclaim plan is to make sure that people do not have to bend-over backwards to pay for treatment that is needed. It is therefore important that one thinks deep before buying an insurance policy. The plan should cover all aspects of healthcare and treatment. Not only should the plan cover the medical requirements of the family or individual, but it should also provide ample financial protection to the individual.

A Health insurance plan should cover an individual for all medical problems either that he/she has already undergone or for problems that he/she is likely to face due to family medical history. Most medical insurance plans do keep a waiting period for pre-existing conditions however, people should ideally purchase health insurance plans regardless of how long the waiting period is. Also while purchasing the policy, one should ensure that he/she is aware of all the policy wordings—especially the inclusions and exclusions. Companies like Apollo Munich have all their policy wordings on their website. This enables customers to choose the policy after knowing and understanding all the benefits of the plan.