5 Features The Best Health Insurance Should Provide You.

• Best Health Insurance’ is one of the most searched terms on the internet. Every day, thousands of potential customers look-up this term in the hope to find a medical insurance plan that will safeguard them from rising healthcare costs and the unpredictable nature of life. This article will help such individuals by highlighting 5 features to look for when on the hunt for the best insurance plan.

1. Network of hospitals.

Network hospitals are those with which your insurer has a direct tie-up. These hospitals will provide you cashless treatment with the insurance company settling the bill your behalf. If your insurer does not have a tie-up with the hospital, you will have to clear the bills out of your own pocket.

Not only that, you will then have to go through the process of claiming a reimbursement. This will again require you to collect and store all the bills, fill out the forms and then visit a branch to submit them. This is an inconvenience you’ll rarely or never have to face with an insurance plan that has a high number of network hospitals.

2. Pre & post hospitalization cover.

The best health insurance plan will have you back both before and after you’ve admitted into a hospital. It will ensure that expenses leading up to your hospitalization such as diagnostic tests, consultancy & any medication are taken care of. Further, after you’ve been discharged, you are sure to run into further expenses such as check-ups, medication and tests – a good plan will cover these expenses for you.

3. Pre-existing disease cover.

Pre-existing disease are any medical conditions you suffer from prior to purchasing the health insurance plan. Most insurer do not offer cover for these ailment and often require the insured to wait for 2 to 4 years before they offer cover against these illnesses. Therefore, if you have a pre-existing illness, the best health insurance plan would be one that has the least amount of waiting time.

4. Room rent limits.

Insurance companies provide the room rent when you’re hospitalized but only up to a certain limit. Some insurance companies offer 1% of the sum assured, some offer 2% and others do not have a limit at all. Moreover, the ones that do have a room rent limit will also have some terms and conditions that will be buried deep in the policy document that you won’t be able make sense of.

So to be on the safer side, look for an insurance plan without room rent limits or else get a complete understanding of the room rent terms and conditions from a financial expert before you sign the application form.

5. No claim benefit.

The best health insurance should reward you for maintaining a clean bill of health. Some insurance plan provide you lower premium amounts for not making a claim, others provide higher sum assured.

Look for these 5 things when on the hunt for the best health insurance plans. It also makes sense to discuss your needs with a financial expert. He/she would be in a better position to suggest the best plan for your needs. Good luck and all the best. Take care!

Hi, I am Rakesh Roy working with General insuarance company as General insuarance adviser owing the good knowledge of Motor Insurance, Health Insurance, Car Insurance, Home Insurance, and so on.