Health insurance plans have some benefits which may vary from company to company but there are 5 most important benefits that must be in every plan.
Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger.
Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc. But it is advisable to buy a policy for the parents or old persons of the house as it gill protect them in the time of critical illness or provide the expenditure while hospitalization. Though there are various terms and policies in every health insurance policy and various companies provide various additional benefits to their customer. /P>
In today’s scenario, the expenses on hospital treatments is increasing day by day which lead the families in problem to fulfill their need while maintain the hospital bills. None can assume about the expenses on hospitalization as the diseases don’t come with previous knocking and the treatment is also can’t be guessed, so it is impossible to keep aside a big amount of fixed money aside for covering the situation.
All these policies come with different benefits for insured but they all have common and clear intention which is protecting insured’s money from getting eroded as these hospital expenses an be a big problem. Here are the five common benefits provided by every health insurance plan described below:
Pre and Post hospitalization expenses: Though all insurance companies almost cover hospitalization charges, still it is better to check pre and post hospitalization expenses before buy covers. These costs could be a burden later depending on the type of illness and treatment required.
List of covered diseases: The policy that insured have some feature of enhancement to the current benefits which could be a result of insurance companies subscribed plan, regulatory mandate or it can also be because the insurance company has decided to expand these benefits for not claiming anything.
Top-up: There will be some cheerful moments in everyone’s life where insured will feel that their current health insurance cover might not be enough and they need to expand their cover. But getting a new health insurance plan can be a new procedure so there the top-up option comes in handy. These top-up plans allow getting extra sum assured on top of the existing cover.
Income tax benefit: Payments can be done towards Health Insurance qualifies for deduction under Section 80 (D) of the Indian Income Tax act and if anyone buys health insurance for himself or the family then he/she will get a tax deduction up to Rs. 25000 and if also take a policy for senior citizens then the tax benefits will be available increases up to Rs 50000.
Extra benefits: Insured can also choose extra benefits for ambulance charges, day care procedures, health check up and vaccination charges.