You have to be careful while shopping for the right health insurance plans. There are basically two types of health insurance plans- high deductible and low deductible insurance plans. Your choice is largely determined by your medical situation. Before selecting the right one, you have to know how deductible actually works out.
So, how does deductible work out? Wondering what is a deductible? It is the limit that one has to meet for the insurer to give out benefits. Once after paying the deductible, you may owe some portion of your insurance bill which is known as co-insurance. Under high-deductible plans, co-insurance and co-payments will cost more. An example- Suppose you meet with an accident while running and you fall down and break your leg. Immediately, you are taken to a hospital which comes under the insurance list that you have. In your initial visit, suppose you pay $100. However, after a few months, you are billed with a whopping $2500 that was covered by your plan under 80 percent. So, the question is how does a single short trip result into $2500 bill? Let’s understand this that your deductible is $2000 which is quite high. Now, suppose the hospital charged you a total $4500 for treating your leg. After the deductible, $2500 is the balance that was covered by your plan’s 80 percent. Therefore, co-insurance will allow to reimburse the remaining 20 percent. Therefore, it means you paid $2500, while your insurance carried paid $2000. When to choose low-deductible option and high-deductible option? If you are looking for less financial commitment, the low-deductible option is the best. These types of health plans tend to charge more up front. If you have chronic illness or ongoing medical problems, then the low deductible options are the best. People who often have to visit the doctor for reasons like diabetes, then the low-deductible option is the right one. In this case, premiums are higher but the insurer tends to pay higher percentage for your medical condition. Therefore, opting the low-deductible pay will help you pay less than $1000 for your broken leg. Therefore, to put it in few words, low-deductible is the right option for those having limited savings option. On the other hand, a high deductible plan is suitable for those who seldom have to visit the doctor for poor health. The best part is that you will have to pay lower premiums with these types of high-deductible plans. Since high-deductible plans are aimed for “consumer-directed health plans”, you can think about the right types of healthcare that you want. This type of deductible plan allows you to participate in health savings account. This option allows you to keep pre-tax money aside to meet out-of-pocket expenses. The best part is these accounts earn interests without having to paying tax. In addition to this, your employer may contribute to your consumer-directed health plans. Thus, assessing all your options and the pros and cons of both, you will have to decide which deductible option is for you.
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The Oriental Health Insurance reviews to be one of the most well reputed insurance companies based out of India. This organization provides special health insurance products to people of and above the age of 60 years. It provides cashless facilities at most hospitals; however, there are standard guidelines that need to be followed. Overview Founded in 1947, the Oriental Health Insurance Co. Ltd has constantly attracted customers hailing from a large demographic audience, enabling the current premium to stand at over Rest 7.282 crores. The Oriental Health Insurance Co Ltd, with its head office in New Delhi, functions independently with a board consisting of prominent personalities like T.A Pai and KR Puri, both accomplishment and respected in their individual fields of interest. Operational internationally, the Oriental Health Insurance reviews to be reputed in its work in the health insurance sector. Why to Buy Oriental Health Insurance? The Oriental Health Insurance provides cashless services at selected specialty hospitals. It insures customers who are 60 years and older. It is a well-reputed company with experts I the field that will be able to advise the customer effectively. Features, Benefits, and Inclusions of Oriental Health Insurance The Oriental Health Insurance aims to bear the following features, benefits, and inclusions.
People wanting to buy this policy will have to undergo a few medical tests, like a series of blood test and USGs. This is particularly for those above the age of 45. Documents Required The following are required for age proof:
Following are some of the points that will not be included as part of the policy:
To claim the Insurance in the case of hospitalization, the original bills, doctor’s certificate, discharge certificate, test reports and relevant documents from the doctors are needed. All documents must be self-attested and submitted to the company within 7-60 days of the incident. All documents that will assist in the company passing the claim. With increasing awareness regarding purchasing health insurances, reliability on group covers provided by employers is decreasing. Group covers have a lot of exclusions and the policies provided by the employer might not cover the required benefits. Overview of HDFC Insurance Reviews Why buy Individual Personal Accident Plan 3? Accidents are disastrous, unforeseen events that affect the monetary security of a family. In order to provide the best protection to one’s family, Individual Personal Accident Plan 3 has received the best HDFC insurance reviews. Not only does it provide financial stability in case of death, but also for permanent disabilities, burns, and physical injuries. Features and Benefits Let's have a look at the HDFC Insurance Reviews. The cover provided is applicable 24 hours a day, seven days a week, 365 days a year. The individual is insured by this Personal Accident cover in India as well as any other location worldwide. No prior health check-up is required. Lifetime renewability applies to this policy. Eligibility
Coverages from 10 to 25 Lacs Sum insured
All the above-mentioned benefits are covered in this advanced scheme. In addition to that, HDFC insurance reviews have shown that the following benefits are also covered:
Bodily Injury / Sickness caused:
A claim can be easily placed by calling HDFC Toll free numbers:
Max Bupa is an established company in India. All of its health insurance products are beneficial to the customers. The products come in 3 different sections, plans for individuals, plans for family and extended family and fixed benefit plans. Here Is an Overview Of The Max Bupa Insurance Plans The Heartbeat plan can be bought for an individual, a couple, a nuclear family or an extended family. However, the variants and sum assured for any plan are different and customizable. You can read a Max Bupa Health Insurance review for heartbeat policy here. The Max Bupa Health Companion Health Insurance plan comes with the deductible option. Why to Buy The Max Bupa Health Assurance Insurance Plan? Max Bupa Limited provides the best health insurance policies in India. The fixed benefit plans are named Health Assurance Insurance Plans. These plans each cover three different coverage options. 18 to 65 years is the eligible age range for the customers. The first one is CritiCare, with which you can get financial help if you have been diagnosed with a critical illness. But the illness has to be among the 20 listed in the terms of the policy. With AccidentCare, you can get monetary respite if you have been permanently disabled in some way. The HospiCash option can be selected if you want a daily cash benefit. Children between 5 and 21 years can also avail AccidentCare and HospiCash Health Assurance policy. The Unique Features and Benefits
Eligibility The eligibility in terms of age is mentioned above. But some eligibility terms stand for the benefits as well. You can read all the terms and conditions on the website before buying. Inclusions The coverage and inclusions for each plan are different. For instance, the heartbeat plans include maternity benefits, and the companion plans include pre and post hospitalization expenses. The Max Bupa Health Insurance plans are income tax deductible. Read Exclusions Carefully There are some cases in which your insurance claim will be disapproved. These exclusions are common to each plan and clearly mentioned while buying the policies. Some of those are drug abuse, cosmetic surgery, sexually transmitted diseases and psychiatric conditions. You can view the whole list in the Max Bupa Health Insurance brochure. Documents Required If you are hospitalized in one of the 3500 hospitals that Max Bupa has a tie up with, you will not require many documents. But for reimbursement claim in any other hospital, Max Bupa Health Insurance claim form is a major document required during the process. Claim Process The procedure is not very difficult. This link will give you all the information that you will need. Or you could look at any Max Bupa Health Insurance review to know more. Life is indeed uncertain, but your decisions don’t have to be. Are you searching for best health plans, clicking every Google results and yet jumbled which one to choose from? With so many best health insurance plans in India, confusion is considerable. Here are some health insurance reviews indicating why you should consider Star Health Insurance Plans for your future self and family. Let’s take a bird’s eye view of its various plans and relevant details What makes Star Health most preferred? Among all the health insurance reviews we found Star Health Insurance review to be most versatile. It is India’s first stand-alone insurance company. They are top rated health insurance provider and hence offer health insurance, personal accident, and overseas mediclaim through its around 6,000 strong hospital networks. It is considered to bear the best family floater health insurance plan in India. In April 2013, they launched special policy for people suffering from cardiac ailment becoming first among the others.They also propose one of the best individual health insurance among other top health insurance companies in the nation. Key features which attract most of the insurances There are many categorizations such as Comprehensive Plans, Medi Classic Plans, Family Delite Insurance, and Senior Citizen Red Carpet, etc. makes it most accepted health insurances nationwide. There are further variants of travel plans such as Star student travel, Star Family travel, etc. to be the renowned ones. It has a term of the policy for one year and includes Renewal coverage for whole life.They also provide provisions of going cashless treatment facility. Eligibility The Age eligibility is from 5 months to 65 years. There are two subgroups including individual and family floater. The family Floater includes a maximum of 4 members in the family including two adults and two children. Inclusions in the insurance policy
Although getting insured by Star Health is an easy process but an individual needs to submit various documents in the beginning or during claims. The same can be verified by the given official link of the company Star Health Insurance claim is as easy to go In the case of a planned hospitalization of the person, the person has to fax the Pre-authorization form duly completed from the hospital. They further have to carry respective ID proofs and policy schedule. In the case of emergency, the person avails the treatment and later fax the Pre-authorization form duly filled from the hospital within twenty-four hours of admission. There is also Reimbursement claim in which the insured avails the treatment, pays the expenses and claims the reimbursement of the expenses later. |