Table of Contents<\/p>\nToggle<\/span>

Reasons To Buy Health Insurance Plans?<\/a><\/li>
What are the 5 Benefits of Health Insurance Plans?<\/a><\/li>
Types of Health insurance plans?<\/a><\/li>
Things to Know before buying Health Insurance plans<\/a><\/li>
How to Compare Health Insurance plans online?<\/a><\/li>
Frequently Asked Questions<\/a>
- How Health insurance plans work?<\/a><\/li>
- Factors which can affect insurance premiums?<\/a><\/li>
- Is it wise to buy health insurance?<\/a><\/li>
- How much health insurance is enough?<\/a><\/li><\/ul><\/li>
- Conclusion:<\/a><\/li><\/ul><\/nav><\/div>\n
  <\/span>Reasons To Buy Health Insurance Plans?<\/strong><\/span><\/h2>\n\n\n\n
  Medical bills are rising at par with inflation and making even smaller treatments expensive or unaffordable. You may lose all your savings if your get hospitalized due to an illness or an accident. Only way to afford rising hospital bills is quality health insurance plans.<\/p>\n\n\n\n
  - Affordable Premiums \u2013 <\/strong>Insurance policies are merely an investment for your healthier future, so policies come with range of premium and coverage which makes them affordable on monthly basis too.<\/li>\n<\/ul>\n\n\n\n
    <\/span>What are the 5 Benefits of Health Insurance Plans?<\/strong><\/span><\/h2>\n\n\n\n
    \n
    Pre & Post Hospitalization Expenses <\/strong>covers illness before getting hospitalized and follow-up treatment expenses incurred after getting discharged. Although, these are covered for particular number of days as per policy document.<\/li>\n\n\n\n
    Cashless Treatments <\/strong>are being provided by insurance provider at all their network hospitals and insured customer doesn\u2019t have to worry about breaking their savings or arranging for money and can be settled under cashless claims.<\/li>\n\n\n\n
    Pre-Existing Diseases <\/strong>can be covered by carefully chosen best health insurance plans. Generally, coverage is provided after customer has completed the waiting period.<\/li>\n\n\n\n
    Critical Illness Coverage <\/strong>are covered by many health insurance plans. They provide plans for ABCD illnesses which are Asthma, blood pressure, cholesterol and diabetes.<\/li>\n\n\n\n
    Peace Of Mind <\/strong>by securing your health and future. Once customer has bought best health insurance plans<\/a>, they can just focus on recovery and treatment and not worry about arranging last minute finances.<\/li>\n<\/ol>\n\n\n\n
    Read Also: <\/strong>Finance Tips for Young Adults<\/a> <\/p>\n\n\n\n
    $\"cashlesshealthinsuranceplans\"$ <\/figure>\n\n\n\n
    <\/span>Types of Health insurance plans?<\/strong><\/span><\/h2>\n\n\n\n
    \n
    Individual Health Insurance Plans <\/strong>Only an individual \/ insured person can claim the benefits and sum assured under the insurance policy.<\/pre>\n\n\n\n
    Health Insurance plans for Family <\/strong>You can insure all your family members with Family insurance under a single plan. Insured plan can be applied to all members enrolled in the policy and claim the benefits for the active policy year.<\/pre>\n\n\n\n
    Senior citizen Health Insurance Plans <\/strong>can be availed by any individual above 60 years of age and provide all medical coverages for them.<\/pre>\n\n\n\n
    Critical Illness Plans <\/strong>offers a lump sum coverage in case the insured is diagnosed with life threatening diseases like cancer, heart attack, kidney failure etc.<\/pre>\n<\/div>\n\n\n\n
    <\/span>Things to Know before buying Health Insurance plans<\/strong><\/span><\/h2>\n\n\n\n
    \n
    Policy Coverage<\/strong>: The policy coverage and sum insured will define the type of claims you can avail during the policy term. It provided details information about the illnesses and surgeries which are covered so insured individual should closely read all the details of the insurance policy.<\/li>\n\n\n\n
    Type of Policy<\/strong>: Insurance providers give range of policy options to the customer. You can go through various options and choose policy as per your requirement.<\/li>\n\n\n\n
    Sum Insured<\/strong>: Insured sum can be crucial factor as it ensures comprehensive coverage and in selecting best health insurance plans. With rising medical expenses, it is very important to consider all factors which can be light on your wallet in present as well future.<\/li>\n\n\n\n
    Network or Affiliated Hospitals<\/strong>: Insured customer should check all the network hospitals in the insurance policy where cashless claims can be filed saving you from last minute hassle of arranging money.<\/li>\n\n\n\n
    Claim Settlement Ratio<\/strong>: It is very important factor to examine the credibility of an insurance company. You can gauge their capability to handle customer\u2019s claims. One should always opt for provider with higher settlement ratio and 80% & above will be an ideal choice.<\/li>\n\n\n\n
    Waiting Period<\/strong>: It denoted the time when insured individual can\u2019t raise a claim against purchase medical policy. It can be somewhere between 6 months to 2 years depending on insurance provider\u2019s terms and conditions.<\/li>\n<\/ul>\n\n\n\n
    <\/span>How to Compare Health Insurance plans online?<\/strong><\/span><\/h2>\n\n\n\n
    Comparing health insurance plans should be tedious and complete information at your disposal. It can help you to choose best plans offered to suit your requirements. Many insurances provide different plans with impressive features.<\/p>\n\n\n\n
    Interested customer should check different health insurance plans, sums insured, quotes online and various benefits offered with the policy to single out the best policy.<\/p>\n\n\n\n
    \n
    Precise Information: <\/strong>Interested customer should have all the information readily before purchasing the policy and meticulously compare all insurance providers and their various plans. They can easily compare all plans and have a pool of best possible insurance providers with their respective plans.<\/li>\n\n\n\n
    Affordable Premiums with wide coverage: <\/strong>Customer should go for plan which provides best possible coverage and also offer affordable premium plans. Network hospitals and high claim settlement ratio can also be a deciding factor which can easily be found online and help them compare different plans.<\/li>\n\n\n\n
    Reviews of Insurance Provider: <\/strong>When you are comparing insurance plans by various insurance providers, it also helps to find reviews from their previous and existing customers. It can tell or clarify various tall claims provided by the insurance providers.<\/li>\n<\/ul>\n\n\n\n
    $\"healthinsuranceplans\"$ <\/figure>\n\n\n\n
    <\/span>Frequently Asked Questions<\/strong><\/span><\/h2>\n\n\n
    \n
    \n
    \n
    <\/span>How Health insurance plans work?<\/strong><\/span><\/h3>\n
    \n\n
    Customer buys Insurance policy pays timely premiums and can go to network hospital in the vicinity for cashless claims. All the expenses are dealt directly by hospital with the company. In other case, you\u2019ll have to pay the hospital on your own and later submit all the bills and documents required by the insurer to settle the claim.<\/p>\n\n<\/div>\n<\/div>\n
    \n
    <\/span>Factors which can affect insurance premiums?<\/strong><\/span><\/h3>\n
    \n\n
    1. Medical History
    2. Age
    3. Lifestyle
    4. Type of health insurance plans
    5. No Claim Bonus<\/p>\n\n<\/div>\n<\/div>\n
    \n
    <\/span>Is it wise to buy health insurance?<\/strong><\/span><\/h3>\n
    \n\n
    Yes, it is because by buying health insurance policy and paying timely premiums you\u2019re securing your future and avoiding any debt traps by unforeseen health emergency which can be then easily managed.<\/p>\n\n<\/div>\n<\/div>\n
    \n
    <\/span>How much health insurance is enough?<\/strong><\/span><\/h3>\n
    \n\n
    Although there is no certain benchmark for an insurance policy. A good thumb rule suggests that you should go for at-least 30-40% of your annual income as sum insured. However, it is recommended to at-least\u00a0go for minimum coverage of 5 lacs considering rising medical costs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n
    <\/span>Conclusion:<\/strong><\/span><\/h2>\n\n\n\n
    Health insurance is must with respect to rising medical cost and various uncertain expenses. It provides you a peace of mind and financial security to manage your medical expenses and not exploit your savings. \u00a0One should always compare various online plans, opt for the best suited and ensure you and your loved ones are well protected with a robust insurance policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
    Are you or your near-one hospitalized and spent almost all your savings because you didn\u2019t care about health insurance plans? It\u2019s time to rectify and secure your future now from unforeseen turbulences. Health Insurance is an insurance where customer pays a premium amount to cover medical expenses of the insured due to an illness or …<\/p>\n
    How to skyrocket your Health Insurance Plans into Economical Turbine?<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[48],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-insurance"],"_links":{"self":[{"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":5,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":154,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/posts\/140\/revisions\/154"}],"wp:attachment":[{"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bimamonkey.com\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}