You are a busy software engineer, hardly having any time for yourself. Imagine a situation where you are in the middle of a hectic schedule and suddenly fall sick. Your sickness causes you to be admitted to the hospital for a few days. After discharge, there is a huge medical bill to be paid. If you had been smart enough to get health insurance, you can make a claim on the policy to pay this bill, instead of using money that you saved. This is one of the many incidents in which health insurance come to aid.
Why do you need health insurance?
Health insurance is a life saver when you become seriously ill. It takes away the financial stress of the situation, enabling you to concentrate on getting better. It pays for day care expenses, pre and post hospitalization charges, room rent, domiciliary hospitalization, home nursing, , expenses for accompanying person and much more. The benefit you get depends on the coverage opted.
It is important for people of all ages to buy health insurance. Those who are young and think that they don't need it will be surprised when they get a sudden heavy medical bill for a few days of treatment at the hospital. Surprisingly many young men and women are affected by health problems because of hectic lifestyle which show the importance of having insurance to protect from financial hardship.
There are also situations where the employer covers for medical bills. Under this circumstance does a person really need health insurance? Yes. As long as you are an employee of the company, the employer will pay for the medical insurance. If you change to another company, your health insurance would no longer cover you.
What to check before getting health insurance?
Before you buy health insurance, you need to look at various plans to find one that is optimal for your needs. Here is a look at what you need to check:
- Is the policy providing compensation for treatment and hospital expenses, plus unbilled expenses?
- Does the policy provide a floater policy so that health insurance benefits is available for the entire family
- Is there a discount when you renew the policy annually?
- Is the premium rate falling within your budget for the coverage that you want
In addition to the above points check if the policy provides cashless coverage. It can be very helpful when you need sudden treatment. The policy has to be renewed annually. Taking health insurance entitles you to tax deduction on under section 80D.
Get a Cashless Health Insurance India Policy
Cashless health insurance helps you get treatment without paying cash in any of the hospitals that falls under the insurer's network. The insurance company will directly pay the hospital, saving you the trouble of having to make cash arrangements by liquidating assets or asking relatives or help. In a situation where you are suddenly admitted to the hospital due to severe health problems in your city or another location, this coverage relives from the stress of paying cash to get necessary treatment.
Kirti Saxena is a web enthusiast and a writer for different areas including insurance and banking and numerous other sectors. For more information visit: Buy Health Insurance and Cashless Health Insurance India .