Alarming but true, a recently published Zee News feature has stated that only a measly 15% of the Indian population actually has some form of medical insurance! And if you happen to belong to the balance 85%, it's time get smart. With the cost of living spiraling up endlessly, providing for emergency medical expenses could end up in financial crisis for the entire family. This is why choosing the best medical insurance policy within your budget is the best solution at hand.
It is Essential to Compare Medical Insurance Plans
Medical insurance plans are available in plenty. And just picking one that suits your budget alone could be endlessly confusing. Actually, you could find scores of policies that qualify as affordable! How then, do you choose? The best way is to carry out a comprehensive comparison based on a few relevant considerations, before you choose. Remember, relying on your agents or brokers alone for your choice of health insurance could be a gross mistake. It is important to carry out a comparative analysis on your own.
Considerations for Comparing Medical Insurance Plans
Some key considerations while comparing medical insurance plans include:
- Your Choice of Physician: Some medical insurance policies would need you to use only their own network of doctors. If you wish to keep seeing your current physician, it would be essential to check if he or she is a part of the network. If you are open to seeing someone new, consider checking on the credentials of the physicians included in the network before you choose. Make sure you have checked his location as well as availability for attending to emergencies, if needed.
- Pre Existing Illnesses: Never assume that your health insurance policy will cover preexisting illnesses. Although it's a no brainer, some of us may still forget to check! If you have pre-existing conditions like cardiac problems, diabetes and so on, consider policies that cover complications arising out of these.
- Specialists: If there are reasons to believe that you might require specialists in the days to come, it would be essential to come to terms with the process applicable for getting in touch with specialists when you are under medical cover. Will you be always required to get in touch with your primary care physician? Is your current specialist a part of the insurance network? Finding answers to these questions would be essential.
Opting for medical insurance can be a great help, especially in times of crisis. Just make sure you choose the best one for you and your family.