WHAT IS HEALTH INSURANCE?
Health Insurance plan is an insurance that covers the cost of your medical, dental, and surgical expenses incurred by the insured. The insurance serves as a reimbursement for the insured person who has incurred expenses because of any injury or illness.
Health insurance will safeguard you against financial losses by offering proper coverage for medical emergencies. The best health insurance companies insurance covers the following expenses:
- Expenditure incurred during pre and post hospitalization
- Psychiatric support
- Annual health check-ups
- Maternity related expenditures
- Critical illnesses
Why do you need health insurance?
If you think that you are young, dynamic, and absolutely healthy and that you do not need health insurance, then go through this section:
- Mental health issues on the rise: With all the chaos, stress, and negativity around, the mental health of many gets badly affected. Mental health issues are on the rise, and things are getting out of hand because of a lack of attention and proper treatment. As per the records of 2017, about 224 million people experience hypertension issues.
- Expensive healthcare facilities: Inflations in the healthcare industry are making treatments exceedingly expensive. Treatments for health conditions like angioplasty and coronary surgery can go as high as Rs. 3 laths. Without a proper health insurance plan, it isn't easy to get quality treatment at reputed health centres.
- Uncertain times, thanks to pandemics like Corona: The global infrastructure is crippling because of COVID. Health insurance can help you tackle any such pandemic, at least on the financial grounds.
- Youths vulnerable to severe diseases like Cancer: Cancer is affecting youths across the globe. Know that treatment for such severe health conditions can be pretty hefty.
- Lifestyle issues: The sedentary lifestyle of youths forces them to be hospitalized, thereby raising the expenses.
These health facts and realities will inspire you to get yourself health insurance.
Types of Health Insurance
- Family floater health insurance – Such plans ensure that a single sum can be made available to all the individuals under just one policy.
- Individual health insurance – This insurance policy covers the treatment expenditure of a single person.
- Health insurance for senior citizens – These insurance plans can be availed by individuals above the age of 60 years and are designed to cater to the medical expenses of aged people.
- Health insurance for maternity issues – Pre and postnatal medical expenditures are taken care of under maternity insurance plans.
- Critical illness – Such insurance plans offer coverage to the extensive medical bills generated because of a life-threatening disease.
- Group health insurance - Such plans are generally preferred by companies for their employees.
- Top-up health insurance – If the expenses for your treatment have increased over time, you can go for a top-up insurance policy over your already existing one.
