Tips to save money on Health Insurance

Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Health Insurance Policies in today’s scenario works as a support system, but still people should take care of themselves to prevent serious illness. Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.

As health insurance is a matter of high price that’s why most of the people are not interested to spend more on their hard-earned money on the best health insurance care. Generally, costs of healthcare are bit expensive and it is true in the country like India, majority of people have an intention to spend more on their homes, families and many more which they can enjoy. But it is also necessity to save a good amount of money on health insurance premium by following these easy steps:

• Living a healthier life, maintaining right diet, leaving every bad habits and doing regular exercise will help to keep the premium lower. Insurance companies in India offer online health insurance policies as per health status so to get affordable healthcare plan, insured must stay as healthy as possible.
• Pre-existing health conditions can increase the cost of mediclaim policy, person who maintains a healthy lifestyle may have less pre-existing health issues.
• Preventive care is another important thing that helps insured to reduce the costs of premium. So while having a medical treatment, it is better to done as early as possible as while avoiding such expenses, insured have to pay the huge fees in case of problem grows.
• At last, it is advisable that insured must do a good research before taking any health insurance plan. There are a lots of health insurance plans in online from different companies in India who offer different plans which can fit budget and needs both. While generating offers online, the health insurance companies will provide all the relevant details to the insurer, a careful analysis will help the insured to low the premoium cost.

source

www.policyboss.com/blog/health-insurance

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Published By

Subhra Bera

basic-healthinsurance.com

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Is it possible to claim health insurance from two different companies

Insured may have two different health insurance policies from two different companies or from a company, in the time of claim insured must inform everywhere about them.

Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger.

Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily. People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Health Insurance Policies in today’s scenario works as a support system, but still people should take care of themselves to prevent serious illness.

Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.

It often happens that an insured can have more than one health insurance policy to cover all type of medical expenses. One of the reasons for having two different policies is that insured may take a policy separately to take extra protection against the security offered in any company’s insurance policy. Another reason can be that an insured may has an old policy and has taken the second health policy to get more protection. Third reason may be that among two policies, one is for protection of the parents and the other for children.

Process to make more than one claim: In the year 2013, the IRDAI made some changes in the insurance rules; but before these changes, there was a supply to make a contribution to every insurance plan. As per this, the insurance holder will contribute the sum similar to the proportion of sum insured while presenting the claim. Now the process has become simpler and simplified.

According to new reforms, if the claiming amount is less than the insured sum then the contribution rule will not be applicable but if the claim is presented by the insured is higher than the sum insured, then this rule will be applicable. Bu it will be above the interest of the insured that he will present his first claim to the company.

Cashless claims:

In this event, insured need to submit the claim in front of an insurance company and take a complete description of it. At the end of the process, insured will need to verify copies of all bills where insured need to submit a claim for the balance repayment with another company.

Reimbursement Claims:

Cashless claims are very comfortable as the insurance company manages hospital bills directly but there are some hospitals that don’t follow this process. According to this rule, insured has to pay the full bills before and after starting of the health insurance claiming process where the company has to give the insured all the bills and documents that will remain with the insurance company.

Required documents to be filled in Rimber’s claim:

If insured take health insurance policy from more than one insurance company, then insured need to inform everyone at the time of hospitalization. After this, insured can select the first company from where insured can take the first claim as per the need. The needed documents are: Bill and receipt; Discharge form; Diagnostic test; Doctor’s prescription.

Final words:

While preparing for a health insurance claim, it is better to choose an insurance which can work first in which the claim work will be done faster and conveniently. Also insured must keep more than one verified copies of all documents mentioned which are mentioned in the hospital. If insured don’t make insurance companies aware about the two policies than any claim can be denied so it is better to tell every little detail.

source

www.hdfcergo.com

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Published By

Subhra Bera

basic-healthinsurance.com

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Family Floater Plans can give more benefits at low rates

Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger. Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily.

People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Health Insurance Policies in today’s scenario works as a support system, but still people should take care of themselves to prevent serious illness. Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.

A family floater plan is one of the health insurance plans which cover the whole family and not just the individual one. In this plan, the entire family is benefited from larger common pool of insurance and the sum assured is available for entire family member.

The family doesn’t have to trouble if two members of the family fall ill and the medical expenses for treating them as the right amount of sum assured will be deducted. Here are some features included in a family floater plan:

• Insured can get Income tax benefit for the premium that is paid towards family floater.
• In this plan, insured can easily add family members like spouse and children.
• Having some young family members will give a higher sum assured.
• The plan can be renewed till the oldest member reaches the maximum renewability age which was previously limited to 75 years but after the invention of IRDAI, the insurance companies are now offering lifelong renewability.
• Insured should always check for the sum assured in a health plan and look out for extra riders which could add free health check-up, janitor services and advice on telephones, discounts on medical stores, health clubs and fitness center.
• These plans come with a waiting period in the maternity cover and newborn baby cover. There are also discounts on offer when the policy is taken online which makes the experience of buying better.

source

www.policyboss.com



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Published By
Subhra Bera
basic-healthinsurance.com
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Importance to choose an Insurance Broker

Insurance brokers are appointed by insurance companies to sell their policies to customers and through them clients can also get some affordable insurance policies.

Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger. Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily.

People are now-a-days fell ill often and pay a huge amount of money to get rid of that illness, for treatment n good hospitals etc. but spending so much for treatment is not a matter of joke as everyone has not that capability. Health Insurance Policies in today’s scenario works as a support system, but still people should take care of themselves to prevent serious illness. Health Insurance Plans are essential for every person as it gives security and safety to the insured person with various benefits. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.

The matter of insurance brokers has been introduced in India like any other countries by the Insurance Regulatory and Development Authority of India (IRDAI) through the Insurance Brokers Regulation 2002. The regulation was modified in 2013 where functions and code of conduct of an insurance broker has been mentioned.

Insurance Broker: An Insurance Broker is a person who is specialized in insurance and risk management to provide right advice to the clients and help individuals or businesses in the identification of risk while suggesting suitable insurance solutions to cover the risks. Besides that, an insurance broker must also provide technical advice about insurance claim and can help in arranging and placing the insurance cover with the chosen insurance company. Insurance Brokers are experts about subject matter on terms and conditions, coverages and exemptions so they can aid clients in selecting right insurance option.

Benefits of appointing an Insurance Broker:

As Insurance policies are difficult documents and need a total understanding of products, so insurance brokers can handle these matters as they are expert in it.

A broker can also help to find the most suitable insurance plan for clients and will arrange on the premium on the behalf of clients.

They will also make the clients aware if there any situation appears.

Clients can add risk management program through which clients can take some of the business risks that may reduce premium.

Insurance brokers will charge clients little less while buying policy as they are paid by the insurance companies to sell their products.

The brokers can also aid clients efficiently in the insurance claiming procedure as they have the technical knowledge of the complete process.

source

www.policyboss.com

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Published By

Subhra Bera

basic-healthinsurance.com

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Queries to ask before buying a Short-term Health Plan

Among different kinds of health insurance plans, Short-term plans are least known plans which are taken by people but they may be like a little time benefits for insured.

A short-term health plan is a live savior for a short period of time but it depends on people that either it will be a much-needed alternative to the high prices of the general health Insurance marketplace or a waste plan acting as real health insurance. In a different way, the price of short-term health plans is about half as much as the cheapest plans sold in the Health Insurance companies make them an attractive option for people looking for low-cost health coverage. Though, the price comes with different limitations so shoppers need to understand everything before selecting a short-term plan. Here are some important questions that need to ask by insured before buying:

• What do short-term plans cover? It is better to know the list of things that are covered under a short-term plan as it will help to choose a plan as per the need of an insured. Generally short-term plans provide coverage for doctor’s visits, emergency room visits, lab tests and other services but with limits. But they can either deny or limit coverage as per health history of an insured. Having a pre-existing condition like diabetes, it may affect the ability to buy coverage.
• Do Insured qualify for Medicaid or Medicare? Insured can also be able to qualify for government-provided health care. Medicaid is generally a federal-and state-run program that covers many low-income people through eligibility check by state.
• What health needs? Short-term plans are the best-suited for healthy people who have few health expenses and if insured need treatment for a chronic condition or expect to get pregnant, then insured can consider a more comprehensive option. But these plans don’t cover pre-existing conditions so buying it as coverage is not a good idea.
• How much to pay? Generally short-term plans have lower premiums but some plans often comes without-of-pocket costs like deductibles, coinsurance and copayments. While making a budget on health costs, always take care of some additional costs into account.
• What are the limits of plans? Besides coverage maximums, these plans come with lots of exclusions and limits. Policies should list these exclusions and insured need to note them down.
• Where are short-term plans available? Short-term plans are not available in every state so it is better to search them online as per states.
• How long do they last? As per the name, short-term plans can last up to a year and the same plan can be renewed up to three years as per state law.
• source

www.policygenius.com

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Published By

Subhra Bera

basic-healthinsurance.com

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India’s recent healthcare scenario

India has done some noteworthy improvements in delivering high quality health care services but it is also true that the health sector is facing some tough challenges that need to overcome.

Health care in India has changed its old mindset and transform itself into new as the Medical tourism in India has developed in recent years and has opened a lot of economic possibilities for both businessmen and investors from India and Abroad also.

There is a wrong overview about the health care of India in the mind of people that though the expense in the health care sector of India is cheap but the quality of the health care service is very low also. But this is not the actual scenario; today’s health care facilities of India can compete with most developed nations of the world. Even some of the medical treatments have gained so much popularity in the world like cosmetic surgery, density, joint care and heart surgery etc. and more than that, these complicated surgeries can be done in less time and very low price in comparison to other developed countries.

Challenges in Health Care Systems in India: Though several improvements can be seen in the India’s health care industry but it is true that the system is lacking experienced, well qualified doctors and basic infrastructure; that’s why people are not able to get quality healthcare. Out of the total available doctors, only 10% work in the public health sector. While a few numbers of hospitals are largely focused around urban areas while 70% of India’s population lives in rural areas and due to this, a large number of people become unable to get the right health care needs. India also accounts for a large share of the world’s disease burden but most of the population is unable to receive the best health care from hospitals and doctors. To handle this Healthcare crisis in India, the health care industry needs to concentrate in making healthcare more affordable and easily accessible to public.

Recent scenario in Health Care Systems in India: The majority of population in India is generally under-insured which result that they have to compromise on the quality of healthcare services.

The per capita insurance expenses on healthcare are the lowest in the world, like majority of Indians don’t have any health insurance.

Government is now giving 88% of health insurance coverage to serve people of the country.

Huge urban-rural disparity in health coverage is concerned.

Due to insufficient coverage and lack of availability of public sector healthcare institutions, people have to cover over 60% health related expenses from their budget. Recent Achievements:

National Nutrition Mission: In the year 2017, National Nutrition Mission or NMN was approved by Government of India to tackle the problems under-nutrition and low birth weight. This health program is focused to reduce stunting by year 2022.

AMRIT Pharmacies: In the same year, a huge number of patients were benefitted from Affordable Medicines and Reliable Implants for Treatment or AMRIT Pharmacies. It is like a blessing for cancer patients and the medicines are provided to them at a discount of up to 80% on its MRP.

National Medical Commission Bill: In the same year, Government of India also approved National Medical Commission Bill 2017 which needs to regulate medical education and practice in India.

Ayushman Bharat Scheme: It is the world’s largest government-funded healthcare scheme which was launched on 23rd September, 2018 and it will provide health cover of Rs 5 lakh per family and will be available to 10.74 crore people, denied rural families and identified occupational categories of urban worker’s families.

With all these schemes and efforts, Government of India is trying to uplift the health care industry of India which can be able to provide quality health care to every single people of India.

source

www.comparepolicy.com

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Published By

Subhra Bera

basic-healthinsurance.com

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Why Health Insurance is a must need for every woman?

Women health is worth important as like others in the family and she also needed some health insurance policies for taking care of her in the utter illness.

Women are the strength of our life, they sacrifice many things in life only to give us a better life. They take care of our health whenever we fell sick but they never take care of themselves and as a result women health becomes a neglected subject in today’s world.

The health insurance plans provided by any company give benefits and coverage for the insured or the spouse, children and for parents. But we never see that any woman has taken a policy for herself though she takes a policy for her family or children as they sudden becomes procrastinate in the time of taking any financial related decisions for herself. Without thinking about own self they gets busier in managing others life either it is office or home and simply ignore the need of a policy but it is very important for them to make at least a right financial for themselves. Life is uncertain and now a-days women health related issues are growing very much and some of them are really life takings so it is the right time to choose a health insurance plan for them. Here are some points which will help to understand the need of health insurance for women:

• Helps to overcome excessive medical expenses: Paying minor or major health treatment in now-a-days can create a burden on anybody’s balance sheet. Women generally own financial responsibilities of their household and after having a health insurance, they will be able to take care of any kind of medical emergency at any time.
• Advanced Medical facilities: After having a health insurance policy, even the middle-class people can have advanced medical facilities.
• Tax saving benefits: Apart from health security, the policy can also provides tax saving benefits up to Rs. 25000 under section 80D of the Indian Tax Act 1961. It also includes the amount of yearly premium paid for self, children, spouse, parents and other dependent members who are covered under the policy.
• Composure: Having a health insurance policy will help women to get an affordable financial coverage in emergencies.
• Tips to find the best Health Insurance in India: While selecting a health insurance policy for women, some points need to be kept in mind-
• Always choose special health insurance policies that provide maternity benefits to women and the newborn. Having this kind of policy at the early stage of marriage will provide less waiting period in the main time.
• Also look for policies that cover breast cancer, cervical cancer etc.
• Find a policy that offers cashless hospitalization as it will reduce the cost of treatment.

source

www.policybazaar.com

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Published By

Subhra Bera

basic-healthinsurance.com

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10 must known things about a Personal Accidental Policy

A personal accident policy helps to overcome the financial problem happened after the death of insured and also many benefits under it.

Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger. Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily.

Now-a-days it’s become difficult to get a health insurance plan as the expenses are raising everyday and it also becomes difficult to get all the benefits in a low budget health plan. But it is also possible to get lower health insurance if premiums can keep lower, so one can adopt many measures, provide optimum coverage e without paying too much. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.

Life is a beautiful and valuable gift given by God which makes our staying moment in this earth wonderful but this value of a life in world is very little. Accidents never come by knocking us before but they take away uncountable lives in just some time. An accident can lead a life to bodily injury, disability and in worst case also to death. Though death is unavoidable, but people can certainly get some financial protection for themselves and their family with a personal accident policy. It is a type of policy that offers people protection against death or disability caused due to an accident, if death happens due to accident then the policy will pay out a lump sum amount to the nominee of the policyholder.

We are going to highlight 10 things about a personal accident policy which is important to know:

• A personal accident policy reimburses the policyholder if permanent or partial disability happens due to an accident.
• The policy offers full sum insured to the kin of the policyholder on death caused for an accident.
• The main purpose of this policy is helping the insured’s family to overcome the loss of income due to the accident of the insured.
• A personal accident policy offers lifelong coverage and it is renewable also.
• The premium for a policy remains same throughout the term of the policy; it will not depend upon the changes made in age or lifestyle habits.
• The policy doesn’t cover death caused due to an illness.
• Under this policy, the nature of the accident doesn’t matter as it simply provides benefits in case of any accidents resulting in broken bones.
• Daily cash allotment is given to the policyholder if an accident needs hospitalization.
• There are few personal accident policies that also cover ambulance costs to help the policyholder reach the hospital if an accident takes place though this coverage may vary from insurer to insurer.
• Permanent disability like loss of limbs or paralysis and even temporary disability like fracture is also covered.

source

www.hdfcergo.com

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Published By

Subhra Bera

basic-healthinsurance.com

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Insured need to update every change in their Marketplace application

Marketplace plan offers various benefits to the insured through their health insurance plan as per their updated details on the application, that’s why a little change is need to be updated.

2018 Open Enrollment for Marketplace Health Insurance started on last year and ended on December, people who got them registered under this Open Enrollment got extra benefits with the existing health insurance plan. But there were many people who missed the opportunity; the waiting period is now over as the 2019 Open Enrollment has started on 1st November and the application process has become smothering than before.

The people who have enrolled in this new Marketplace plan will be able to get all the benefits available under this new plan. Insured just need to keep their documents updated every single time an incident happens in their life as it will help them to being active in the recent offers offered by their health insurance providers.

So basically, insured who have enrolled their names in a Marketplace plan and have made some changes in their income or household, must update their application with these changes very soon. Changes such as higher or lower income, adding or losing household members or offers of other health coverage or savings that insured are eligible for. Here are the changes that need to address while reporting the application form:

• Changes in the expected salary for the current year
• Changes in the health coverage such as upgradation in household or job-based insurance
• Changes to the households or family like adoption or a birth or moving to a new place
• Corrections to name, date of birth or Social Security number
• Changes in disability or tax-filing status etc. and many more.

Way to report such changes: The first way to report changes is to update application through online or by phone or in person; e-mail is not acceptable.

In simple words, insured who have enrolled in the Marketplace plan need to update every little detail of their changes in the application through different processes to avail all kinds of benefits under their health insurance plan.

source

www.healthcare.gov

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Published By

Subhra Bera

basic-healthinsurance.com

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