1 / 12

5 Factors to Consider Before Renewal of Health Insurance Policy

An expired health insurance policy will not provide you the financial support in times of need. Your policy needs to be active for you to avail health insurance benefits. <br>Here are the must-know 5 factors to consider before renewal of health insurance policy.<br>

benefitadvisors
Download Presentation

5 Factors to Consider Before Renewal of Health Insurance Policy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 Factors to Consider Before Renewal of Health Insurance Policy

  2. • Health insurance won't armour you against diseases however it'll armour you from money losses arising thanks to the expenses incurred for treating those diseases. in contrast to vehicle insurance, insurance isn't necessary. However, it actually is useful. thebenefitadvisors.com

  3. • People are falling prey to diseases at a young age. In such a consequence, it becomes necessary to avail health insurance in order to fall back on the much-needed financial cushion while treating the diseases. • Merely availing health insurance won’t suffice. You need to renew health insurance from time to time as well. • Here are 5 factors to consider before applying for renewal of health insurance policy. thebenefitadvisors.com

  4. Assess Situation • Assess your health before insurance renewal. One year is a long period of time and your body can undergo a lot of changes during that period. • Do not simply continue with your existing coverage. You can add an additional layer of insurance to your policy by selecting suitable Add-on covers. • Assess your health condition, and revisit your health insurance coverage accordingly. thebenefitadvisors.com

  5. Type of Policy • You might want to change the type of your health insurance policy while renewing it. You can choose from dedicated senior citizen policies, hospitalization plans, daily cash benefits plan, etc. • There is the option of a Super Top-up plan as well over your basic health plan. thebenefitadvisors.com

  6. Group Policy • Do not consider the health insurance provided by your employer as an all-encompassing health insurance policy. You might lose out on that benefit if you switch jobs or your employer changes the policy. • While it is good to have such a cover, do not rely on it solely to meet your health insurance requirements but view it as extra protection. • Other thing you might want to consider is whether you want to go for a family floater policy or choose individual health insurance for each of your family members. thebenefitadvisors.com

  7. Policy Portability • Not satisfied with the services provided by your insurance company? • Just as mobile network portability, you can also switch to a different health insurance provider without compromising your continuity benefits. Your existing No Claim Bonus will remain intact in case you switch your health insurance provider. thebenefitadvisors.com

  8. Make an Informed Choice • It is possible that you might have opted for your existing health insurance policy based on an insurance agent’s recommendation. You might’ve purchased the same policy as purchased by your friend. • However, you have the option of changing things while renewing your health insurance. Every human body is different and thus the health requirements and vulnerabilities are also different. • Thus, your health insurance policy’s coverage needs to be determined based on your health requirements only, not based on someone else’s needs. thebenefitadvisors.com

  9. Why Renew Health Insurance? • An expired health insurance policy will not provide you the financial support in times of need. • Your policy needs to be active for you to avail health insurance benefits. • Changes in your health condition need to be intimated to the insurance company before policy renewal. • Your premium might change depending upon your medical condition during the time of policy renewal. thebenefitadvisors.com

  10. Independent Benefit Advisors • Choosing the right individual health insurance plan in North Carolina doesn’t have to be hard. The Independent Benefit Advisors can help you determine the health insurance plan to give you the right coverage for your medical needs and the right premiums for your budget. • We help individuals find the right health insurance in Raleigh, Charlotte, Wilmington, Greensboro, Ashville, Fayetteville, and the entire state of North Carolina. • There is NEVER a fee for our services so give us a call at 919- 303-9690 or contact us online and let us help you the best health care coverage available to you. thebenefitadvisors.com

  11. Contact Us Address: 1121 Pemberton Hill Rd, Apex, NC 27502 Phone: (919) 303-9690 Toll Free: (888) 303-9690 Fax: (919) 303-9691 ID: john@thebenefitadvisors.com Website : Thebenefitadvisors.com thebenefitadvisors.com

  12. (919) 303-9690 (888) 303-9690

More Related