In the reign of high cost living and sky high prices of health institutes, buying a health insurance plan is the only way to lead a healthy life. However, availing a right health insurance plan can be a daunting task. In the times of several government and private insurance providers it is important to take care of various aspects covered under the plan. Yet, most people tend to ignore and rely on the policy they already possess given by their work organisation.
Such behavior may lead to some very common mistakes while buying a medical insurance policy. If such small mistakes are taken care of, you are sure to be secured in any medical emergency situations.The following post will help you understand the common mistakes you may commit while availing a health cover.
Getting Insufficient Coverage:
Health insurance policies are meant to save you from financial crunch in the times of medical emergency. But what if your policy fails to cover all the expenses incurred to you in your sick times? You will be left with no option but to pay from your own pocket. So, it is important to avail a policy that covers wider aspects such as critical illness, hospitalization on a cashless basis. Do not fall for policies with insufficient cover, just to save some extra cost of premium.
Health insurance policies are meant to save you from financial crunch in the times of medical emergency. But what if your policy fails to cover all the expenses incurred to you in your sick times? You will be left with no option but to pay from your own pocket. So, it is important to avail a policy that covers wider aspects such as critical illness, hospitalization on a cashless basis. Do not fall for policies with insufficient cover, just to save some extra cost of premium.
Not Buying an Comprehensive Plan
Individuals often stick to buying a basic cover instead of the comprehensive one. A comprehensive health insurance plan will provide extra benefits like critical illness or a personal accident rider along with the basic health cover. Although it may be a bit expensive as compared to the basic health cover, it is advised to buy a comprehensive plan as it will secure your future.
Individuals often stick to buying a basic cover instead of the comprehensive one. A comprehensive health insurance plan will provide extra benefits like critical illness or a personal accident rider along with the basic health cover. Although it may be a bit expensive as compared to the basic health cover, it is advised to buy a comprehensive plan as it will secure your future.
Not Disclosing Medical History
It is vital to disclose all the information related to your medical history to your insurance company. Even if you are suffering from critical diseases like diabetes or you have a habit of smoking, say it all, because keeping anything from your insurer will act against you at the time of claim settlement.
It is vital to disclose all the information related to your medical history to your insurance company. Even if you are suffering from critical diseases like diabetes or you have a habit of smoking, say it all, because keeping anything from your insurer will act against you at the time of claim settlement.