No wonder internet has made everyone’s life much easier. For the various consumers, buying online feature is like shopping extravaganza. Similarly, one can easily obtain the best of deals when shopping online for health insurance.
Shopping online is convenient you can quickly compare offers from numerous health insurance providers. Hence, it makes the process fast as well as hassle free.
However, there is to be maintained a certain level of cautiousness while shopping for health insurance online. These pointers are listed in this article so that the buyer does not land up buying a bogus policy or other such problems.
Beware of jargons!
Health insurance, like many other insurance products as well as services contain variety of jargons which are difficult to understand. Hence, it is necessary that you become familiar to such terms while evaluating health insurance plans online.
Knowing the intricacies of underwriting process
Health insurance companies require the person to partake in certain physical tests before granting the health insurance plan. This process is known as the “underwriting process”
The process consists of the person taking a physical test before grant of the health insurance policy from the insurer. The insurance company verifies the validity and accuracy of the information provided by you. This is carried on so that the insurer can determine your premium based on the accuracy of your provided information. Also it is for the good of the insured as this binds the health insurance company to provide him the necessary treatment for stated diagnosis of aliments in future.
Be careful of sham companies online
It’s not only an unregistered company which is a sham but also those which play their dirty tricks to prevent paying your claim.
There are certain health insurance companies listed online which don’t do a careful comparison of your physical health to your stated information at the time of purchase. In such a case, when the insured falls ill in future and files claim, the health insurance company may refuse to pay for the claim. The insurance company can scrutinize your records to find a reason of not paying for your claim. And if the insurer finds any valid discrepancy, the insurer will cancel your health insurance claim completely. Hence, it is extremely important to note all such crucial things and take a wise decision.
While comparing and shopping for health insurance online, ensure that every application you fill contains full disclosure and accurate assessment of health aspects stated by you and your health insurance company. Otherwise you will face the annulations of your claims in future.
When applying for health insurance online, always list genuine and complete information regarding illness, any broken bone, injuries, accidents, operation and medication which you have taken in past and currently. Also mention any kind of ailment faced during your life.
It you fail to mention any of the above or related correct information then the insurance company will annul your claim in full.