Health insurance has become an important purchase for modern families. After all, the risk of diseases and accidents has been on an upswing. So, buying a health insurance is no longer advised, it is recommended. However, there are certain things you should know/do when buying a health insurance. These things are there to ensure you can avail your policy when you need to. These also act as a checklist for you to see which health insurance is the best for you. So, keep reading to find out the things to know about health insurance:
Things to Know About Health Insurance
Before you buy a health insurance policy, do know and understand the restrictions that come with it. An example can better explain the rationale behind this. Let’s say you need to claim insurance within 60 days of buying your policy. However, you are unaware of the fact that you cannot claim insurance before 90 days. When you approach the insurer, it rejects your claim. Do you wish to find yourself in such a scenario?
Medical History Disclosure
When you are asked to disclose your medical history, do tell them. But before you do, do ask how detailed a medical history is required. In essence, ask everything about the span, type of ailments, accidental injuries, etc. that the insurer requires. At least you will have an idea of what will and will not be covered. e.g. You need to go for a surgery on a prior accidental injury. Your approach the insurer, hoping it will cover the cost of surgery. However, the insurer informs you that your injury happened within the span of last 7 years of your medical history. The insurer will not cover any claims for injuries that took place within those 7 years. Had the insured known about this bit, he/she would not have even made a claim. Hence, the importance of this point in this small list of things to know about health insurance.
Pre-existing Disease Cover
This bit is important if you or your family members are suffering from a disease. You want the health insurance company to cover those costs. However, there is a clause in most health insurance policies about pre-existing diseases. It talks about how long one has to wait before the insurer will cover the costs relating to the pre-existing disease. Looking at this detail will help you claim insurance in future for any such needs.
Keeping your eyes and mind open when buying health insurance will help you a lot. In the short run, it will help you save money. In the long run, it will save you time and effort when making a claim. There are other things you can do as well. Such things include medical test reports the insurer may claim, where and how will they be done and who will bear their costs. Most importantly, keep renewing your health insurance on time or all benefits you seek to avail may vanish in thin air.