Have your planned well for family’s health needs?

The ever increasing medical costs, complex medical treatment, hospitalization and operational or surgical costs makes it imperative for every individual to have a health care plan. One can require medical emergency anytime and anywhere whether you’re in your house, city, country or around the globe. And if you’re not covered with suitable health plan imagine the emotional stress and financial crunch that you’ve have to face off during such crisis time. Emotional loss is something that can never be compensated, but financial losses could be curbed during such emergencies with such health insurance plans.

A family is your anchor during the rough waters. Good or bad whatever is the time, they hold your hand to swim swiftly during the journey of life. Therefore, just as you protect your health; it’s important you take care of their health needs as well. Have you considered safeguarding your family’s health in case a situation of crisis comes up? If not, now is the time!
It is always recommended to buy a family health plan. A family healthcare policy not only proves cost effective compared to single health insurance plan, but also allows the family members to enjoy much larger health coverage.

Whether you’re married or not, you are associated with family. At first it’s your parents or sibling and later on it’s your kids. So it’s very important for you to familiarize yourself with the different kinds of family health cover available in market. Financial experts say that around 70-80% of India’s population pays out of pocket for its healthcare. Nothing is more important that making sure that your family gets best possible healthcare at an affordable price. But with the widening of market, customers are getting confused. To help you avoid that confusion, the article gives few tips to consider while choosing a family health plan.

Family Requirements:
Before judging any policy first think about your family members and what they like to do. Learn to understand their health issues or any pre-existing elements. This will help you gauge the amount of cover required for your family health care.

Specific Doctors & Services
Different plans have coverage for different sets of doctors. Some people are very particular about getting treatment from certain medical professionals and don’t approach practitioners. So, if you’re one such particular person look for policies pertaining to professional before buying the plan.

Geographical Coverage
This is very important to consider if anyone in your family is a frequent traveler. Many insurance providers only cover services within a certain geographical area, and if you are traveling outside that area frequently, you will likely not be taken care of by local physicians if at all need arises. Check with your insurance provider about the relevant coverage and then go for policy purchase.

Policy Comparison
It is important that you compare policy in terms of premium amount, benefits & features, discounts, payment flexibility, rider benefits, hospitalization or transportation costs, hassle free claim procedure and other such important parameters. Online sites are a great place to start as they help you easily to compare the cost of family health plans and also provide you variety of options to choose as per your requirements. If you can’t afford to devote your valuable time on research then you can entrust the job to a well-known insurance agents. It is one of the reliable ways to ensure that you get best insurance quotes in less time without having to go through the hassle and tedious task calculations.

Tax Benefits
For family health plan people can buy policies which can be used for tax rebate during financial year end. Tax savings plan for health policies provide double benefits as the premium paid on insurance policies upto Rs 25,000 for individuals upto 60 years and Rs 30,000 for those above 60 years is available as a deduction under Section 80D. At the same time even preventive checkup costs upto Rs 5,000 are covered. Choosing a health plan conserves your hard earned money and provides extra comfort for your family when it is need the most.

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