What to Look for When Buying Health Insurance

  • Added:
    Jul 12, 2014
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What to Look for When Buying Health Insurance Photo by Akash Naidu

Medical emergencies never come announced. With rising medical expenses, an unforeseen accident or an illness can cause a major dent in your savings. One way to protect your savings from these healthcare emergencies is by taking a good health insurance plan.

Today insurance providers offer a complete bouquet of health insurance policies that can be selected based on your needs. For example, if a standalone Health Guard policy would suffice for a 25-year-old, single man, a man who is married with children would require a Family Floater policy that would cover not only his health requirements but those of his family as well. If someone believes that an existing health insurance plan does not suffice for expenses due to illness or accidents, the Extra Care health insurance policy takes care of the additional hospitalization expenses. Taking this into consideration, health insurance policies offer a range of features which can sufficiently cover your needs.

Hospitalization Expenses
Hospitalization expenses are incurred when the insured is hospitalized on the advice of the doctor because of illness and/or accidental injury contracted during the policy period. It covers room rent, boarding expenses, nursing, ICU charges and other charges. Whether it is a standalone health insurance like the Health Guard Policy or a comprehensive plan such as Health Care Supreme, the medical expenses during hospitalization along with the pre- and post-hospitalization expenses are paid for by the insurance company.

Cover for the Entire Family
If you are married, then a floater policy is a must-have. For example: the Bajaj Allianz Health Guard Family Floater option covers you and your family against medical expenses such as hospitalization, doctor's consultation, diagnostic tests, medicines, ambulance, etc. so that you never have to worry about running out of cash when your family’s treatment is at stake.

Unique Coverage
What if you have a life threatening health condition that needs to be addressed immediately? Would you really want to get stuck in a horrendous traffic jam on your way to the hospital? A policy that provides an airplane or helicopter transport from your home to the nearest hospital in that case can be a lifesaver. Health Care Supreme provides unique coverage that includes such as emergency air ambulance for life-threatening conditions. It also provides ayurvedic and homeopathic hospitalization expenses along with maternity benefits and newborn baby cover which are not covered under usual health insurance policies.

Add-on Benefits
Personal accident covers which provide compensation for permanent, partial and total disability in case of an accident, or a critical illness cover that protects the insured from expenses arising in case of 15 critical illnesses including cancer, heart attack, Alzheimer’s disease and Parkinson’s disease, are certain add-on benefits that would protect you in times of need. A policy such as the Bajaj Allianz Extra Care Plan extends your health insurance cover that ensures you do not run short of money if your health insurance policy runs out.

Author's Profile

Akash Naidu is a software professional and he is an part time content writer writing for different areas including Insurance and Loan sectors. For more information visit: Health Insurance & Health Insurance Plan

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