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10 Easy Steps To Find The Best Medical Insurance

Medical insurance is perhaps the best investment you could make to keep your family safe and healthy. The government has a plethora of health insurance benefits that you can avail of once you ascertain your eligibility for the various schemes.

The best medical insurance providers will always evaluate your family’s financial health and give you a quote you can afford. Health is the most valuable asset you ad family own, and you must safeguard it efficiently.

How to Get the Best Quote for Your Family?

The eligibility criterion is very stringent, and you should be careful when settling for the best policy. The best health insurance companies will tailor-make a customized plan for your family.

  1. Family health policies come with increased discounts as the plan is for multiple people. Choose the policy that makes the most sense for your family type. This will help you get the best deal.
  2. Most policies cover critical illness, chronic and prolonged ailments, and have an accidental cover. Check for all these covers as riders are cheaper than base policies.
  3. Choose a policy that allows you regular dental check-ups, preventive care, minor surgeries, daycare procedures, and pre-determined doctor consultations. If your health policy covers these incidentals, you might be on the winning side as minor hiccups are taken care of quickly without any additional expense from your side.
  4. It is a good idea to look for a policy that takes care of your monthly budget. Your medical policy should be transparent, and the terms and conditions easy to understand. The deductibles should be of your choice, and the monthly premium will be based on that premise. The option is usually a minor increase in premium against oppressive out of pocket expenses when you or a family member is hospitalized.
  5. It is always the best plan to avail of health insurance from a provider who has coverage linked with a host of government schemes that help make the insurance cover very affordable in the long run. Your insurance cover is your protective shield. You individually or along with family should be fully covered for any contingencies that can occur at the time of illness and hospitalization. This saves you from unaffordable medical treatments and allows you to avail of the best care possible.
  6. You must look for a reputed insurance company to cover you. It makes the process easier and more transparent. You can choose from different add ons and riders that make policy best suited for your needs. Ask for a meeting with a representative who can walk you through the quote given by the company, so that there are no slippages.
  7. Look for caps on treatment costs. Rational caps are required, especially for critical illnesses. It is necessary to check on pre-existing disease clauses, and the time frame for certain chronic diseases to become payable under the scheme you are looking to take.
  8. Many insurers look after some or most expenses that are incurred pre and post-hospitalization. It is an important feature that needs to be checked and compared with insurers.
  9. Many policies have a maximum age of renewal. If you or a family member is getting on in age, you should be sure that you can keep renewing the policy every year without worrying about continuation.
  10. Some medical insurance policies have a sub-limit built into them. These might be a problem when you want a room that has a higher rent or a treatment whose costing exceeds the maximum amount that is mentioned in medical insurance.

It is always good advice to look for a medical insurance provider that will protect your interests and is trustworthy. A company that gives you prior consultation with doctors looks after out of pocket expenses and keeps you covered in all angles is the one you are looking for. The aim is to look for an Insurance company that not only adheres to state laws but also looks after your complete requirements. Health insurance is vital in this country, where health care is so expensive.

It is better to be safe than sorry. Check your insurance policy today to see if it adequate in protecting you and your family.

Ajeet Sharma, the founder of Financegab and a well-known name in the field of financial blogging. Blogging since 2017, he has the expertise and excellent knowledge about personal finance. Financegab is all about personal finance which aims to create awareness among people about personal finance and help them to make smart, well-informed financial decisions.


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