Getting adequate health insurance for you and your family is a smart option. However, the quality of health care you get when you need it most depends entirely on your insurer and health insurance policy. Choosing the right health insurance at the right price is very important as another deluge of covid-19 cases hit the country.
This article looks at some of the do’s and don’ts of buying health insurance policies in times of covid.
Back: Mainly, it would help you if you are looking for a family floating health plan with minimum and maximum entry age. In this case, all age groups of family members can be insured and remain protected by the standard health plan. Naval Goel, Founder and Managing Director of PolicyX.com, said: “The health plan should have adequate features and sum assured, as the new Omicron variant is a super spreader that can infect multiple members of the family together.”
Echoing similar views, Rakesh Goyal, Director of Probus Insurance Brokers Private Limited, said: “Covid could result in huge medical expenses given the high rates of its treatment as well as current medical inflation. Therefore, in such a situation, you must understand your medical needs and those of your family and opt for a plan that provides sufficient coverage in the event of a medical emergency due to covid or other illnesses.
You can also look for health insurance policies that offer in-network hospital facilities near your neighborhood. Registering with network hospitals near your immediate resident during a medical emergency can save you the hassle.
Don’t: Avoid negligence when buying, transferring, or upgrading your health insurance at this point. Be sure to do the utmost research and compare different plans online. Comparing and doing your optimal research homework can help you find the best plan coverage at the best price, saving you time and money.
Mint Takeaway: First of all, you need to be sure whether you are looking for comprehensive health insurance that covers initial consultations and diagnosis or a basic health insurance policy to save on premium? The second thing to consider is the total sum insured. “If you live in smaller or Tier 2 and 3 cities, you should get coverage ranging from ₹5 to 7 lakh, whereas if you live in a metro or tier 1 city, coverage ranging from ₹10 to 15 lakh is enough,” said Amit Chhabra, Head of Health Insurance, Policybazaar.com. Third, buy a health insurance policy that can give you restoration coverage or a super top-up in case you fully utilize the total sum insured. Fourth, choose a policy that covers all of your pre-existing conditions.
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