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10 questions to ask before buying health insurance

With so many health insurance options, choosing a plan can be a difficult task. Also, a lack of knowledge can sometimes lead you to choose a health insurance plan that may not be right for you. Most of us tend to buy insurance that seems affordable, regardless of whether or not it provides the desired coverage. In addition, people have the strange habit of following the herd, as if our neighbor had bought a policy that we usually find good and we end up buying it without thinking about it again. One should not be overwhelmed by offers or knowledge; Instead, you want to do more in-depth research before purchasing health insurance.

To help you establish the right health insurance policy, here is a list of ten questions to ask your insurance company:

1. What is the type of health plan?

The first thing to ask your insurance company is what type of insurance plan is best for you. Three types of health insurance plans are offered: fixed benefits, medical, and critical illness. Review the benefits of each plan and then choose the one that best meets your needs.

2. What does the policy cover?

The coverage or list of policies is the set of conditions covered by a health insurance policy that can be claimed. Health insurance coverage can include hospitalization fees, pre- and post-hospital fees, ambulance services, lab tests, prescription drugs, organ donor fees, and more. You should read the policy document carefully to understand the exact coverage of the offer.

3. What does the policy not cover?

Policy exceptions are conditions that will not be covered by the policy. Some insurance policies do not cover treatment for some diseases during the first year, but after a waiting period. The exclusions in the policy can vary from one insurance company to another, so knowing about these exclusions is just as important as that will help you decide which policy to buy.

4. Does your health insurance policy cover routine tests?

Some health conditions require routine medical examinations. You should ask whether or not your plan will pay routine checks.

5. How much does the plan cost?

The plan cost is the monthly premium or the amount you pay your insurance company each month to keep your health coverage active. Depending on the type of plan you choose and the amount of coverage you need, the cost can vary.

6. How is the policy premium determined?

When it comes to deciding what premium to pay for your health plan, age is a key factor. As you get older, you are more likely to get sick, and therefore the cost will be higher. Your medical history also plays a role in determining your health insurance premium. If you are in good health and have a favorable medical history, your premium tends to be lower.

7. How much will you pay for medical care?

Health insurance has some out-of-pocket costs, like deductibles and coinsurance. This is what you have to pay out of pocket when you receive medical care. Check with your insurance provider for these charges. Also find out what percentage of the cost your health plan will cover once you pay your deductible.

8. Could you benefit from your preferred doctor's treatment?

If you have a preferred doctor or hospital, check the list of network hospitals to make sure you can use their services or not, because out-of-network service provider can be very expensive.

9. What is the process for filing a claim?

It is always best to have an idea of ​​the claim initiation process because emergencies can strike at any time without giving you time. You must understand the claim process and the documents you will need to start a claim. Insurance companies also offer cashless services, so you can benefit from medical services without having to pay for them.

10. What is the maximum number of claims you can file per year?

Generally, there is no limit to the number of claims per year, as long as it does not exceed the amount guaranteed in your policy. You should ask your insurance company about your claim in advance.
Create a checklist for these questions and analyze all available policy options accordingly. Another very important thing to remember is that regardless of the plan you decide to choose, review the policy wording carefully and completely before signing the policy documents.