Health insurance has become a present day prerequisite. Hence, it is very important that we understand how it works to get the best.
- 36 hours: Most health insurance companies reimburse expenses on hospitalization only if the policy holder has stayed in a network hospital for at least 36 hours.
- Read the terms and conditions: If the policy holder catches a disease within 31 days from the start of policy, his claims are not repayed. Any earlier or existing diseases that an person may have are not covered at the time of beginning of the policy. However in most cases are covered only after 1-2 years.
- Family Health Insurance cover: You should buy a family health plan as many companies worldwide offers around 10% discount for the same. Family health plan will cover husband wife and all the dependents under them
- Best Insurance Company: While applying for health insurance policy for the first time always select the best company no matter if the premium is on a higher side. Being loyal customer you will get the claim settled quickly during your ripe age. You should change the company only if you had a terrible experience and not due to change in premium rates
- Start with your first pay check: It makes more common sense to take heath insurance as soon as one gets a job. Characteristically what turn out is that as a person starts growing aged and his health expenses starts rising. The health insurance premiums are higher for aged people and insurance companies are not really keen about promoting health insurance to the elderly. So when you start at an early age you are healthy and free from most of diseases which will help you get all the claim settled faster for those unknown diseases which you may contract with old age. So its better to start early.
- Health Card: Always keep your policy number and health card original and Xerox at the place of work, car and your residence you may never know when will you need them.
- Government and Private: Government companies are more liberal in claim settlement rather than private health insurance companies as their main aim is profit making while government companies have a social obligation to fulfill. Private insurance companies can give you excellent servicing which a government organization cannot match
