Everything You Need To Know About Health Insurance

The post-covid world is vastly different than the one we were used to, before the pandemic not many people understood the role that health insurance can play during times of distress. 

However, all of that changed once people went through one of the toughest phases in recent history, where we saw people scrambling for resources and the cost of hospitalization skyrocket to unimaginable heights.

Today, awareness of health insurance is at an all-time high and a much higher percentage of the population is opting in for the service. They have come to realize the fact that without health insurance they could lose access to the best treatment, hospitals, and other diagnostic services as costs are going higher and early detection and tackling of diseases is vital for preventing them from becoming a serious threat. Additionally, some health insurances provide dental coverage which means you can get subsidised treatments at reputable dental clinics like this cosmetic Dentist in san Diego.

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In this article, we will try to understand the different types of insurance plans that are available to you, their benefits, and why it’s important to get insured if you still haven’t. 

But first, let’s start with the common terms widely used across the health insurance industry to help you better understand what they mean.

• Survival Period: You will most likely come across this term if you decide to opt-in for a critical insurance plan. The survival period is the time between the detection of illness and the days the person needs to survive the illness to claim the benefits, usually 30 days.
• Pre-existing Illness: Any diseases that exist before you opt-in for insurance come with a waiting period, i.e., the insured has to wait for a predefined period as set by the insurance company before the pre-existing illness can be covered by the policy.
• Waiting Period: You cannot avail of the benefits of a health insurance policy instantaneously as it requires the insured to wait a certain number of days, usually 30 days for the policy can kick in. However, in case of an emergency, such as an accident is covered from day one.
• Inclusions: Whatever your health insurance covers such as diseases, daycare procedures, diagnostics, etc. fall under inclusions and is underlined in the policy.
• Exclusions: These are diseases and injuries received under certain circumstances that your policy won’t cover. Moreover, certain items like consumables and non-consumables, donor charges, etc. might also come under the exclusions clause.

As a consumer, you must go through the terms of your policy document to understand all of these details before buying a policy so that are you aware of what your health insurance policy entitles you to or what it doesn’t.

Types of Health Insurance Options You Can Avail 

1. Individual Health Insurance: This is best for unmarried individuals or a person without dependents, as it’s geared towards a single person.
2. Family Health Insurance: As the name suggests, this policy is for families who want cover for multiple family members under the same health insurance policy. Normally 2 adults and 2 kids come under the policy; however, you can check with your insurer if you can also include your parents or in-laws within the policy.
3. Senior Citizen Insurance: This is for people above 60 and offers extensive coverage; however, the premiums for these policies can be very high and there might be caps on the coverage amount for specific illnesses and hospital charges.
4. Critical Illness Insurance: These insurance policies payout a lump sum amount if the insured is detected with a critical illness which can be used to pay for hospital expenses as well as taking care of household expenses.
5. Maternity Health Insurance: This policy kicks in during pregnancy to cover maternity-related hospital costs and may or might not cover the newborn based on your insurance provider’s policies.

A health insurance policy is vital in today’s world where new diseases are discovered all the time and lifestyle-related issues are proving to be a major problem in people’s lives. 

Care health insurance offers comprehensive insurance policies to help you better prepare for the future by securing you and your family against medical emergencies. So, if you still don’t have insurance, it’s high time to get insured!

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