We all want to protect our loved ones. This is why you always want to make sure that when choosing a health insurance plan, you choose a plan that offers you and your family the best and maximum coverage. In the unfortunate event of a medical need or emergency happening to you or your family member, the full expense does not come out of your own pocket. Given that medical expenses can be expensive and one would not want to compromise on quality of care due to finances, it is important to provide for such a possibility. Here are a few things to look at when considering a family health insurance plan to ensure that you’re getting the best for you and your loved ones.
Consider the coverage
The first step to choosing the best family health insurance is to consider the different plans and what they cover. Select a plan that covers a wide range of medical facilities and ailments, like ambulance expenses, maternity expenses, pre and post hospitalization expenses, and so on.
Since you’re taking the insurance policy for your family and not just yourself, you will need to consider their conditions as well and what they would require. For instance, if you have elders in your family or children, you would need to take their needs into consideration as well and choose a plan accordingly.
The co-payment clause in your health insurance means that you will have to pay a percentage of the hospital expenses from your own pocket. Some of these plans have an age limit - for instance, you will have to pay a particular percentage of co-payment if the insured person is over a certain age.
At Chola MS, the co-payment clause is only applicable in the value healthline plan and is not included in the other three plans we offer. If you do have a family member over the age of 55, we would recommend upgrading to a plan that does not include the co-payment clause, to save you money in the future.
Lifetime Renewability is one of the most important features to look out for when taking health insurance. As you get older, getting health insurance coverage will be tougher, and that’s when you’ll require health insurance the most. With lifetime renewability, you would be able to continue the same plan as you get older, without having to take another plan that would probably be more expensive.
Usually, health insurance plans require a minimum of 24 hours of hospitalisation to cover your medical expenses. But as technology gets more advanced, certain critical procedures and treatments now take just a few hours to complete. If your family health insurance plan does not cover daycare procedures, this can result in you bearing the medical expenses. These procedures include treatments like radiation, chemotherapy, cataract, dialysis and so on, which are usually expensive treatments. That’s why it’s important to choose a health insurance plan that offers coverage for daycare procedures.
Especially since it deals with life, it is of the utmost importance that you choose the best family health insurance for you and your loved ones. By taking these factors into considering, and in ensuring that the plan you take offers the necessary coverage and includes important features like daycare procedures and lifetime renewal, you are well on your way to choosing the best family health insurance plan that would offer maximum protection.
Chola Healthline offers you four different family health insurance plans with a wide range of features and benefits under each. Check out the plans here and choose the health plan that works the best for you!