The viral pandemic ravaging continents worldwide makes it prudent to obtain the best health insurance plan. Medical tests and hospital treatments are becoming increasingly costly. It is good to get affordable health insurance coverage for yourself or your family.
Health insurance plans that provide individual coverage for individual sums insured are known as individual health insurance plans. Individual health insurance plans must be purchased separately by each member of the family. In this way, you can tailor the coverage to meet your personal health needs and not your whole family. An individual's health insurance plan provides coverage typically for emergency medical expenses incurred due to hospitalization, daycare procedures, ambulance services, alternative treatment, organ donation, etc. However, individual health insurance policies cannot be shared among members of your family.
Features and benefits of health insurance for individuals include
A personal health insurance policy covers the following
There is no coverage for the following under individual health insurance plans
Absolutely. Individual health insurance policies offer cashless treatment options. The network hospital where you received treatment pays your hospitalization bill directly to your insurance provider. Your medical expenses do not have to be paid for. Your insurance provider can offer you cashless hospitalisation in any network hospital.
Indeed, the waiting period is a part of every health insurance plan. A non-accidental claim cannot be made during the first 30 days after policy issuance. Non-accidental claims cannot be filed within 30 days of the policy's issuance. According to the policy terms, there is a waiting period of two to four years for pre-existing diseases like arthritis, cataracts, joint replacements, etc.
When buying individual health insurance policy, keep the following points in mind
Examine your health requirements.
It is essential to understand your health requirements before purchasing an individual health policy. Your insurance policy should include coverage and service benefits that you desire. Choosing the correct sum insured may also require estimating the appropriate coverage amount.
View the Network Hospitals list
If you are selecting an insurance policy, check the list of network hospitals provided by the company. Look up nearby hospitals if you live or work nearby. Otherwise, find a policy through another insurance provider.
Affordability of the Plan
Buying an individual health insurance policy with affordable premiums is a good idea. Not purchase an expensive approach to get higher coverage may create an unnecessary financial burden. Rather than overextending your budget, pick a plan that meets your coverage needs.
Check for Any Sub-Limits
Many health plans come with a sublimit for specific coverage. Before choosing a policy, it is essential to check the applicable sublimits. By doing so, you will be assured that you will be covered for your expectations under different insurance policies and are not caught by surprise by your claims.
When you suffer from a health problem, you need individual health insurance plans. The sum insured is for you only, and it is not shared with your family members as part of a floater policy. Take advantage of Square Insurance in-depth comparison and purchase an individual health insurance policy.