Why Buying Health Insurance Online is more Transparent.

Health insurance is a type of insurance in which the medical and surgical expenses of the insured person are covered. These expenses can either be hospitalization expenses, the cost of medicines, or consultation charges of doctors. Sometimes dental expenses are also covered. Either the person insured pays the expenses from his pocket and later gets reimbursed by the insurer or the insurance company directly settles the bills.  Private Health Insurance is also available. Insurance brokers and insurance companies come under this category.

With the constantly expanding costs of medical care in our country, and with the consistently rising instances of diseases, health insurance today is a need. Health insurance provides individuals with much-needed financial support in times of medical emergencies. Health-related risks are a part of life. One can’t plan and become ill yet one can absolutely be ready for the financial aspect. One of the approaches to be financially prepared is by purchasing medical insurance. It is a fact that medical care is an expensive affair. There are many reasons why one should purchase medical insurance like Change in Lifestyle, Rise in Medical costs and Benefit in Income Tax.

Another benefit of having health insurance is that you get cashless treatment. Many insurance companies work in collaboration with various hospital networks. Some policies also cover the amount paid to the ambulance for the transportation of the insured. If the insured does not file any claim for any treatment, he gets a No Claim Bonus (NCB). Free health check-up is provided by some companies on the basis of previous NCBs. The insurance policy also covers room rent depending on the premium paid by the insured.

Many types of health insurance plans are offered by different companies.

1. Individual Health Insurance plan: This plan covers the medical expenses of the insured individuals.
2. Family Health Insurance plan: This plan covers the entire family i.e. spouse, children, and parents. Any family member who is covered under this policy can claim for medical or surgical expenses.
3. Group Health Insurance: This type of insurance plan is bought by an employer for his employees and is standardized in nature.
4. Health Insurance for Senior Citizens: These plans are designed to meet high medical expenses at old age. Premium is higher in these types of insurance plans.
5. Critical illness policy: Under this policy, a lump sum amount is paid to the insured person on the diagnosis of some serious disease.

Buying insurance policies online is the most transparent, convenient, easy, and secure method. It also saves time and money. You can compare different plans, features, and costs. You get complete information online and also get adequate time to read all terms and conditions. You can get Health Insurance quotes online on the health insurance premium calculator. It is more or less like getting a car insurance estimate. You need to provide your age, the number of family members to be covered, any pre-existing illness, etc. to calculate your health insurance premium. You get the results calculated immediately by the health insurance premium calculator.