Health Insurance: Despite being very important, this policy should not be bought without thinking.
Health insurance: Health insurance is becoming increasingly popular due to rising health expenses. Talking about the current era, there is a huge cost in the treatment of corona infection, due to which the need for health insurance has increased. Their sales have increased not only in big cities but also in small towns. Now people are agreeing that having a better health insurance plan is the right thing to deal with rising health expenses. However, despite the fact that health insurance is very important, this policy should not be bought without thinking. Apart from this, do not make mistakes like hiding medical history or depending on the health plan of the company.
Avoid these mistakes while buying Health Insurance
Not giving full information about your medical history:
Many people avoid disclosing problems like diabetes or BP when purchasing a health insurance policy as they feel that this may either reject their policy or they may have to pay a higher premium. is. However, if you take a health insurance premium by hiding medical history, then the insurance company can reject the claim.
Treating all health policies as equal:
There are many types of health policies available in the market such as staple health plan, accident policy or special corona armor policy for critical illness like corona. The terms of each policy are different, the coverage is different. In such a situation, before choosing any plan, one must read about its benefits.
Buying more policies than necessary:
Some people take many health policies for more coverage and buy rider on it as well. In such a large part of their income is spent only to pay its premium. Do not make this mistake because it affects the current economic situation. Buying insurance plans over a limit should be avoided.
Remove all misconceptions about health insurance, keep these things in mind while taking health cover
Dependence only on the company’s health plan:
There are some people who feel that since they have got the health insurance cover from the company, there is no need to buy a separate policy. However, do not make such a mistake because this cover is available only as long as you are an employee of the company. You do not have any health cover as soon as you leave the company. In such a situation, there should be a separate health policy so that you always have health cover.
Choosing co-pay:
While taking health insurance, insurance companies give co-pay facility by giving a small discount in premium. In this situation, at the time of claim, the policy holder has to pay some percentage of the expenses himself. This mistake should be avoided because the discount in premium is very less as compared to the payment made at the time of claim.
Claiming for small expenses:
Health insurance policy should not be used for daily medical and medical expenses. No claim bonus is received at the time of renewal of a health policy on repeated claims. This bonus percentage is added every year, the year the claim is not taken and the discount becomes 50 percent of the premium.
