A health insurance is an insurance plan for ones medical expenses related to health. The insurance company pays the medical expenses of the insured individual, which includes hospital bills, and surgical expenses. This can happen in two ways, either you pay your bills and then the insurance company pays you directly, or it pays your medical provider directly. Your medical provider is your doctor, your pharmacist or a particular pharmacy, a hospital, laboratory or any health care practitioner in the medical field.
The field of health insurance is a booming sector of the Indian economy. Employers provide their employees and at times their near relatives or close family medical insurance. Insurance companies provide cover to the insured individuals as well as their families.
Purchasing a health insurance is an important decision especially for salaried people because they have a fixed monthly income. Besides, medical emergencies usually lead to financial emergencies. Thus it is important that you have medical insurance for yourself and your family. A few pointers in relation to health insurance are:
Dont delay in buying a health insurance
Most people look for the ultimate insurance plan that fulfills their entire requirement and needs. Unfortunately, their dream insurance plan doesnt exist. Even the best health insurance plan you chose will have a certain clause not to your liking or missing. By being extremely picky and choosy you are risking yours and your familys welfare. Just remember to read the terms and conditions of the plan you choose thoroughly and make sure the cover is substantial. In the end, you should be getting more than you are losing.
Decide on a number
The best health insurance plan will cover you and all the members of your family you choose. Thus, it is vital that you take into account the number of people you are personally responsible for. You estimate their past medical history and their current health status quo to come to a conclusion.
Track your lifestyle
Before you chose a health insurance, realistically assess your and your familys lifestyle. Make a note of everyones eating and drinking habits as well as previous doctor appointments. Details like workout regimen or any form of physical sport should also be included in the assessment process. These things help you decide the insurance plan you should choose and which will be the most beneficial one in the long run. Also note the career and the professional field of your family members. For example, it is of utmost importance that sports persons have a health insurance because they are more prone to sports injuries and you probably might have to claim the insurance sooner than later.
Author Bio :- Neha Sharma is a finance student who loves to write in her free time. She has spent considerable time researching on the best health insurance available in India. In this article she has shared a few points that you should consider while buying one.