Choosing the Best Health Insurance Plan

To choose a health insurance policy that best fits your requirements is not just an important decision for you, but also for your family. Earlier, there was no ‘right’ health insurance plan per say. However, as health insurance needs of individuals have evolved; insurance companies too have been quick to innovate by launching better plans offering a range of options.

Before deciding on a suitable health insurance plan, it is important to keep in mind that there is no proper policy to suit everyone; just like everyone has a different shirt size, health insurance needs also differ. Similarly, just because your father or your best friend has a plan selected, it does not make it the perfect one for you, and it has to change according to your needs. The needs of a healthy twenty-five year old are vastly different from those of a family, which are markedly different from an individual on the threshold of retirement. Your health plan must address needs specific to you and your family.

Fortunately, there is a wide variety of options for everyone’s situation and health condition, and thanks to internet, one can easily look for a health insurance online. Every health insurance plan has different ways of handling different health conditions, so it’s important to know these options and whether they suit you.

Here are some factors that would help you in determining the best health insurance plan for you:

  •   Maximum time period over which the premiums remain constant even after making claims.
  • Enhanced cover on claim-free years with having the same premium.
  • Hassle-free claim process with cashless benefits on surgeries and hospitalization, world-wide.
  • Tax benefits under relevant sections of the law.

So the next time you are looking forward to purchasing a health insurance policy, make sure all these points are crystal clear and thought though.