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In the present times, health related problems may arise suddenly and the cost of their treatment becomes heavy on the savings of the family. In private hospitals, the treatment of minor surgeries to serious diseases can reach up to lakhs of rupees. In such a situation, it is very important to have health insurance. Apart from reducing the financial burden, it also gives mental peace at the time of treatment. Let us know what things should be kept in mind while taking health insurance for the first time.
co-payment
Things to consider before choosing a co-payment policy
Health insurance does not mean that hospital bills will not come at all. Many policies have a co-payment provision, in which you have to pay a portion of the expenses yourself. Your co-payment is 10 percent and the hospital bill is Rs 1 lakh, so you have to pay Rs 10,000. Such policies have low premiums, which may seem attractive, but are heavy on your pocket at the time of making a claim. Therefore, please think before taking the policy.
fare limit
Also pay attention to the room rent limit
First-time insurance takers should also consider the room rent limit. Some policies limit the amount paid per day for a hospital room. If you choose a room rented above that limit, the insurance company can take a deduction on the entire bill. This may increase the payment amount significantly. It would be wise to choose a policy without room rent limit or with a reasonable limit.
Check these things also
It is wise to take a policy that covers pre- and post-hospitalization expenses. Many times there is no need to remain admitted for 24 hours for treatment. This requires that daycare treatment be covered by insurance. Some insurance schemes also include the facility of home treatment. Apart from this, also see how big is the network of the insurance company and how many hospitals are associated with it in your city.
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