Your health policy

Most of us opt for a health policy but your health policy should be according to your needs and health status. It is not wise to buy a policy, which does not cater to your needs and does not fulfill your requirements when the time comes. Besides your needs, you must know about clauses and conditions of your policy because health policy can prove tricky due to its fine print that you did not care to read before signing on dotted lines.

Check carefully

1- For a salaried person it is important to know weather the cover provided by employer cater to his entire family including wife, children and dependent parents.

2- You should know that your policy covers your needs with immediate effect and pre-existing diseases are covered as well. You should read every clause to know the health plans well.

Other benefits of health policy

There are certain other benefits for health insurance policyholders, for example if you have not claimed any expenses for a particular year you get ‘no claim bonus’ your insured sum may be extended up to a fixed percentage according to insurance company, which may go up to 50% during the claim free years. This increase in insured sum helps keep you free from medical inflation. There are certain other profits, which most of us are not aware about like optional treatments, attendant allowance, domestic treatments, day hospitalization, nursing expenses and visit of your family doctor.

Income tax rebates - You avail benefit under section 80c in your income tax deduction, you save on premium up to Rs15,000/ for self and premium up to Rs 20,000/ for senior citizens every year.

Your insurance plan should cover

You must see to it that you have compensation plan in your health insurance that means a plan that not only covers you during hospitalization and surgery etc but includes top up plan in case of an emergency. That keeps you free from worries in case you have emergency problems and you plan is not sufficient to cover it. You should select your insurance company carefully that fulfills its promises with proper service and transparency.

Finally

Every one should have a health insurance policy whether an employee or a self-employed person to cover him and his family. One never knows about an emergency that may arise suddenly and needs hospitalization. To avoid such uncertain financial needs there is no alternative of a health policy. 

Article Posted By : suny  On March 29, 2013lView All Articles

Suny is covered for a health plan.

Article Source :

http://www.veethi.com/articles/you-must-have-an-health-insurance--article-1870.htm

Keywords :
Health , Insurance , Policy , Cover , Fine print , Carefully , Hospitalization , Emergency