The Covid-19 pandemic has made us realize the need for a health insurance plan. A health insurance policy is also necessary for your financial planning. The correct medical insurance cover will pay for the treatment and health care costs.
Why Should You choose a Health Insurance Plan?
The main reason for choosing a plan is because of expensive treatments and the different diseases. Other than illness, family health insurance plans also cover medical expenses for accidental injuries or medical contingencies. During a medical emergency, the expenses cannot be postponed or ignored.
Medical expenses can also empty one's pocket. So, to cover the expensive treatments, a health insurance plan is necessary. The insurance plan covers all the medical expenses, treatment costs, and hospitalization charges. Therefore, a health insurance plan will protect you and your family during a medical emergency and protect your savings.
What Are the Different Types Of Health Insurance For Your Family?
Family Floater Health Insurance
A family floater health insurance is a family cover that includes the medical expenses of the entire family. The plan will cover the insurance holder, the spouse, and four children.
The best part of a family floater insurance plan is that your children will be covered from birth. The family health cover will include everything from hospital stays to infant vaccinations.
As the children become adults, they will be treated as separate individuals. So, they will enjoy the benefits like the parents. Some health insurance plans cover children 90 days after birth. So, the infant’s insurance needs to be renewed every year after paying a certain premium.
The family floater plans cover the children, infants, and teenagers. The upper limit is 25, after which they will not be included in the family health insurance coverage.
Benefits Of the Family Floater Health Pl
Senior Citizen Health Insurance Plan
You can also opt for health insurance for parents. The plan will cover any individual aged 60 and above. As the plan offers health insurance coverage for parents, it covers the necessary benefits that senior citizens would require in a hospital. The benefits include pre-existing disease coverage and OPD coverage.
Things to consider before choosing the Best Health insurance plan for a family?
Now, we will discuss the steps you must follow before selecting the right health insurance plan for your family.
Q. What are the value-added benefits that you need?
Ans. Benefits that you must check are:
Q. What are the premium discounts?
Ans. While buying the insurance plan, you have to look out for the following discounts:
Q. What are the different categories of healthcare plans?
Ans. Some of the healthcare plans include:
Q. Can I Add My Spouse to My Existing Healthcare Plan?
Ans. Most insurance companies will allow the primary holder to add their spouse to the health insurance plan. After getting married, you get about 60 days to add your spouse to the insurance program as a dependent.