There is no shortage of options at your disposal when you are in the market to buy health insurance. This can turn out to be a very daunting task because not only do you have many plans to choose from, the jargon is also quite intimidating and this can lead to confusion. If you want to make the process as simple as possible, you need to know what things should be taken into consideration when looking at policies. Some of the most important things to consider before you buy health insurance are:
- Claim process
Look at the claim process of the health insurance policy. The simpler it is, the faster they will be settled, which means you will get your money back as soon as possible. You should also take a look at the customer support available because that will also impact the claim process.
- Family health insurance
When you are planning to buy health insurance, you should also keep your family members as well as their age in mind. Consider any existing ailments as well as medical history before you purchase a plan. Moreover, you should also get everyone checked for any pre-existing diseases before choosing a policy. This ensures that you can get proper coverage for every member and don’t have to deal with any surprises later on.
- The insurance amount
When you are choosing a health insurance plan, you should give proper thought to the amount because it will cover your medical expenses for a full year. You need to consider your age; the younger you are, the less likely you are to get sick, which means you will not require a big sum. Moreover, you also need to assess your income to figure out how much premium you would be able to afford. There are add-ons as well, which can affect your insurance premium. When you buy health insurance, you should ensure that the sum you will receive will cover your medical expenses and will not have an exorbitant premium.
- Network hospitals
Look at the hospitals that are part of your insurance company’s network. When you buy insurance, it is best to visit the hospitals that are part of the network because this saves you from having to pay. Cashless network of hospitals is available, which means your medical bills are directly settled and you don’t have to spend anything.
- Pre/Post hospitalization
Before you are hospitalized, you visit the doctor, undergo tests and also receive medications. If you are hospitalized and treatment is done, there are other expenses as well. You also need to go for a follow up later on, medicines will continue for a while and so on. When looking at insurance plans, make sure the one you consider provides coverage for both these aspects.
- Lifetime renewal
It is a good idea to look for a health insurance policy that has the option of lifetime renewal. There is a higher chance of you suffering from illness and diseases when you get old and lifetime renewability will save you from the hassle.