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What women should know about Health Insurance

Posted by Royal Sundaram on 05 Mar 2012

Women today have emerged as the primary decision maker on various aspects of family life, be it finance, children’s education or the health of her family members. It is therefore very important that women become aware of the benefits of having health insurance cover for the members of her family.

If you are a women here are a few things you should know about Health Insurance:

 

  1. Researching your options. Most people randomly select Health Insurance companies. This may back fire later for obvious reasons. Make sure you do a thorough research on your options available. Start by searching online and asking for more info from the company website.
  2. Choosing the right company. If not done cleverly will cause nothing but frustration over your lost money and time. Make sure you dig into a little company history and their past track record. Check if the customer testimonials are well supported.
  3. Choosing the best plan. There are a number of plans available today. Some come and go but some stay for a considerable time. Rather than choosing a plan recommended by someone you must choose a plan based on its merits and compatibility with your needs. Here are a few pointers:
    1. Find out who can be covered among the members of your family
    2. Find out how much coverage it offers for each member of your family
    3. If you have a special coverage need for any particular member, will the insurer provide the same
    4. Do they cover day care expenses along with pre and post hospitalization and in-patient cover
    5. What are the exclusions in the policy
    6. Do they cover pre-existing diseases
  4. Cashless Networks : It is important to know the number of cashless hospitals the insurer is tied up with and whether your insurer is tied up with your preferred hospital
  5. No Claim Bonus: Learn about the no claim bonus policy to understand how much money you can save during renewals

So dear lady, are you and your family adequately protected? If not do it as soon as possible. The last thing you want is a health related problem with no medical insurance to claim it for.

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