Buying a Health Insurance Policy is the best decision of every person and it provides complete assurance and coverage in case of any kind of emergency due to illness.
Health insurance is like an umbrella in the shower of problems or like the safeguard in the unwanted situations that gives the buyers security and confidence to deal with problems easily. A health insurance plan not only provides coverage from the unwanted illness or accidents but it also provides the expenses of the medical bill, doctor fee or pre-hospitalization bills and later provides some money to the victim or buyer to run the house easier way.
There are some kinds of health insurance plans depend on the companies that provide coverage for not only the insured but to his or her family and bear various expenses.
This health insurance plan can be taken in both offline and online process through the help of the insurer and has various policies under it. But taking a health insurance plan is not an easier task as there are some hidden ideas and policies that should be look after or noticed before taking any health insurance plan and some general mistakes often held by the insured.
Due to ignorance or inactive attitude many of the insured often make some mistakes while they go to buy a health insurance plan; as a result these small mistakes cost them a lot of money along the peace of mind and putting the lives at risk. But as those mistakes are known by people they can’t make aware other people from not making those mistakes, in this article we will talk about some general health insurance mistakes that are often made by the buyers and here are the tips to avoid them
Most of the people aren’t aware that hiding the actual health conditions at the time of buying a health insurance policy for saving a little more on yearly premiums is not a good decision at all. They should be aware that every health insurance company does a medical test of the buyer before giving any policy, besides that when the insured get hospitalized there the real condition also be revealed. In both scenario, the insurance policy will cancel the insured’s plan and the insured will be charged to pay high premiums to continue the policy, so it is a wise decision not to hide the information and save the money actually.
Buying unsuitable Coverage
Every person has a specific budget and some needs and in case of buying any health insurance policy the buyers have different thoughts also. Some of them want to save premiums with insurance with a low sum assured. But this is not an ideal plan as in the emergency the money will not give the full assurance to provide all kind of expenses; in the same way if a person buys a coverage above his needs, he has to pay a highe3r premium that will also fell him in the trouble.
Not knowing the actual Network Hospitals:
People who buy coverage know that they will get cashless medical treatments in the hospitals but don’t aware about the hospitals that fallen under this cashless facility. Different health insurance companies has tied up with different hospitals so the buyer should be enough aware about the network hospitals; in case of unawareness the insured may has to pay from his own pocket.
Depending on Employer’s Health Plan
It is the most common mistakes done by people; insured should be aware that the employer is provided a blanket health cover that has multiple limit and clauses and don’t complete all the needs. If the insured pays less premium, he will not get adequate health coverage and no coverage for the family members, so be sure before choosing a health insurance plan.
Choosing a Higher Co-pay Health plan
This kind of plan needs insured’s shared cost of treatment and insurer has to pay a particular percentage of hospital bills from insured’s pocket that reduces the premium and lead some problems in hospitalization.
Buying without comparing
All the health plans, premiums, features, benefits and term and conditions all varies as per the company or insurance provider, so be clever and compare all of the plans before buying one.