Buying right health insurance can be a daunting task. Here’s a quick guide covering top 5 do’s and don’ts while you purchase a health plan.
Do evaluate your health status, medical history and potential future medical needs to select a right plan for you.
Don't overlook specific health needs and family requirements.
Do Check various plans online from different insurance providers compare premiums, benefits, coverage limits, and exclusions.
Don't choose a plan solely based on the premium; consider other important factors as well.
Do read and understand the policy document thoroughly to understand outpatient, inpatient and emergency services and exclusions.
Don't skip reading the fine prints of the policy as it can lead to misunderstandings about the coverage.
Do consider your budget and understand the total cost, including the premiums, deductible, co-pay, and out-of-pocket expenses.
Don't consider only low premiums; avoid potential high out-of-pocket expenses.
Do understand the filing process of your insurance provider and the documents required at the time of settlement.
Don't select an insurer without understanding their claim process, as this may lead to delays at the time of settlement.
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