‘Health is wealth’ is an adage known to all. Staying fit and eating right from a young age promises a disease-free life to a great extent. However, you may face illnesses or meet with accidents during your lifetime. These situations are beyond your control and totally unforeseen. Further, you require access to the best healthcare services and medical treatment. Access to superior healthcare is expensive and will be a drain on your financial resources.
This is where a health insurance policy plays a helpful part. Health insurers assure the payment of medical treatment and hospitalization costs incurred by policyholders for the treatment of illnesses or injuries suffered due to accidents. To avail of the benefits, the policyholder must pay periodically a specified premium depending on coverage and other factors.
Benefits Offered By Health Insurance
Benefits of Buying a Health insurance Policy at a Young Age
With the change in lifestyles and environmental and occupational factors like stress, pollution, and long hours at computers, the number of diseases that affect the young is on the rise. It is, therefore, imperative that the younger generation take health insurance policies at an early age.
Q1: Which type of health insurance is considered the best?
A1: Multiple types of health insurance plans are available. Depending upon your requirement, eligibility, and financial capability you can choose the plan. Health policies for individuals, senior citizens, family floater, critical illness, maternity, accidents, etc. are available.
Q2: Do all health insurance plans offered by the different companies cover the same benefits?
A2: The benefits covered by the different plans offered by different insurance companies vary considerably. You must check and compare the benefits of different plans before choosing one. For instance, treatment expenses related to optical and dental matters are not covered by all. Maternity expenses and fertility treatment too are not covered by all insurers.
Q3: What is essentially the difference between an individual health plan and a family floater plan?
A3: In an individual health plan, the maximum benefit that can be availed by the policyholder is limited to the sum assured by the policy and can be used only by the individual specified in the plan. In a family floater plan, the total of the sum assured for all the family members included in the plan can be utilized by even one member. This is advantageous where high treatment costs are involved for serious illnesses.