Why having a health insurance is important for your better life?

Have you ever thought of the situation which you or your family has to go through when any of you gets sick or hurt? Do you have the financial stability to pay off the hospital and medicine bills then, which is increasing day by day? Nowadays when you are in need of a medical care you’ll be needed to follow certain things like visiting a doctor, getting the prescription drug, lab test, and physical therapy/ counselling, etc if needed. All these services can be expensive for you. Also, in case of situations that require a surgery or emergency medical care, it is very important to have a coverage or financial support to hold our back.

This is when Health Insurance gains its importance. Health insurances offer to a wide range of high-quality health coverage options, for regular and non-routine medical services, which are capable to work for your family and according to the budget.   

Benefits of health insurance policies:

Health insurance has many benefits and it can act as a superhero will help you during unexpected financial expenses that arise from a line-up of medical conditions. If you are still confused about investing in a health insurance then consider the following list of health insurance policy benefits.

1. As the cost of medical treatments is escalating day by day and health conditions unpredictable, a health insurance policy can offer financial protection for you at such times.

2. There are many insurance providers in the market who provide many policy options, but you have the liberty to select the best policy from them which can fill in your needs and suit your pocket.

3. Another main benefit of having a health insurance policy is that you can extend the coverage to the policy holder’s parents/in-laws, spouse and children.

Who are eligible for taking a health insurance policy?

Health insurance policies can be availed by almost any person, even though there are some terms of eligibility to have a health insurance.

1. Anyone between the age of 5-60 yrs can have a health insurance policy, providing the proposer is more than 18 years old.

2. Insurance Regulatory and Development Authority has instructed the insurance companies to offer the benefits of health insurance to the senior citizen as well. As such, age 65 is considered as the maximum entry age for health insurance and based on the individual policies of the company the coverage can be extended up to the age of 80 or 90 years. 

What comes under the policy cover?

Health insurance coverage will help you to great extent in many situations when excluded from the set of restrictions by certain health insurance companies. As a health insurance policyholder, you can get most of the benefits included below, irrespective of the policies of the company.

1. In case of hospitalization, you will get the option cashless transactions across hospitals which had already tied up with your policy provider or reimbursement option if the hospital comes under the non-network category.

2. Hospitalization charges before and after, along with Day Care services.

3. Laboratory services.

4. Maternity and newborn care.

Apart from the above benefits, almost every policy provides a special feature of income tax rebate on the premium amount paid annually.

What does not include in the coverage?

Even when health insurances have some major benefits, there are certain things which do not have a place under the insurance coverage umbrella.

1. Treatment for medical problems succeeding from a war.

2. Hospitalization due to cases of suicide attempt, an act of self-injury, etc.

3. HIV/AIDS

A health insurance can financially safeguard you and your family during unexpected medical needs. It is very important to compare and choose the one best policy which has the potential to serve your purpose properly.