Guide to Buying Individual Health Insurance

1. Guide to Buying Individual Health Insurance Predicting life is next to impossible. Hence, it would help if you kept yourself well-prepared for the worst. With the number of diseases on the rise, no one can stay immune to health conditions. Due to the cost of healthcare services, bad health can cost heavy on your pocket. Hence, it would help if you bought health insurance. Here is your guide to buying individual health insurance Determine your requirements before buying health insurance Start looking for an insurance policy, and you will be flooded with options. There are insurance plans for senior citizens, young families, couples, students, cancer patients, cardiac patients, diabetics, and more. It is easy to get confused. Hence, identify your priority and buy insurance that satiates your needs. Seek a cashless hospitalization network With cashless services, you can get treatment without paying the bills. Your insurance company will settle the bills with the hospital. While you can find an insurance company that is a part of cashless service, only a few hospitals entertain it. Find a hospital that is a part of the cashless network. Determine the coverage offered Make sure you go through the fine print to check the exact coverage offered. Your insurance coverage should offer you in-patient hospitalization coverage, coverage for day-care treatment, i.e., procedures that complete in less than 24-hours at any hospital, pre-and post-hospitalization expense coverage, room rent allowance, and sub-limits of the treatment. Your policy must offer these coverages. The waiting periodand exclusions It would help if you took note of the waiting period, co-payment, and exclusion clause before taking a health insurancepolicy. Look for policies that do not have a long waiting period. Plus, take note of the medical conditions and expenses that are not included in the clause. Once you are aware of these things, select a suitable plan. The bottom line With so many insurance plans at your disposal, making the right decision is very difficult. But, if you consider the points mentioned here, you will get the right health insurancepolicy for yourself. So, go through this guide and make a sound decision.