Insurance Agent and Clients

There are numerous health insurance plans in the market, and this makes choosing one a challenge. While premium costs are essentially what drive many people into buying a cover, friends and acquaintances can also lead us to buy insurance based on their experiences. However, it is important to look beyond and consider other factors.

Here is a list of important questions you should ask before buying health insurance:

What Benefits Does the Policy Have?

Before buying health insurance, you should talk to your insurer to understand in detail what benefits a certain policy has. Does it cover the treatment of certain diseases? Does the policy extend to family members?

Make sure to clarify if your family members will not be disadvantaged because of their pre-existing ailments or age. Find out if the policy can cover your elderly parents’ specialized treatment if they’re not in a position to afford it.

Will it be able to pay for specialized equipment such as scooter for senior citizens? The benefits that you can get from health insurance ought to be well stipulated to allow you to pick the most appropriate one.

What is the Cost of the Cover?

As you select your health insurance, it is important to consider the cost, as it covers medical expenses for the whole year. Evaluate the premiums against your income to see if you can afford them. Also, take into account your age when taking the cover — the younger you are, the cheaper it will be.

Seek clarity from your insurer if the add-ons will make your premiums more costly. Make sure that your choice does not fail in case of an emergency, though, and that it does not exploit you.

How is the Claim Process?

Claims

Health emergencies can occur at any time. It is, therefore, important to understand the claim process before settling on a particular plan. Find out how the claim initiation process is and the document you will be required to fill.

The duration that the insurance firm takes before settling the claim is also a fundamental question. Some insurers offer cashless facilities, where you can access medical facilities without directly paying for it. Excellent customer support during the claim settlement process is a pointer towards a good plan.

Where Can You Be Treated?

Confirm the cashless network of hospitals that the insurance company has partnered with. During a medical emergency that may result in hospitalization, the insurer will be the one to pay the hospital directly. It is recommended that you go for those who have a high number of hospitals in their network.

Additionally, you should find out if your preferred specialist or hospital is in the network. This makes it easy to know where to seek help during an emergency, as you will avoid health facilities that are not part of the hospital network of the insurer. Your insurer can also guide you to other consultants for treatment.

The above questions offer an analytical base for health insurance policies. In addition to asking questions, remember to carefully read and understand the policy before signing it.

Read more at RideTheTalk.