The importance of having a family health insurance policy cannot be overlooked. It allows you to take care of your family’s health care expenses without worrying about the expenses. It is one of the best ways to take care of your family’s health and provide them with the best healthcare at a time when the cost of healthcare services is at its highest. There are a number of insurance providers offer different plans and choosing the best family health insurance has become very daunting. Moreover, every insurance plan has different offerings and limitations which makes the task even more complicated.
If you are pondering which is the best Insurance for family, here are a few features worth considering that shod be included in the best family health insurance plan.
1- Waiting period:
There is a provision of a waiting period in health insurance policies in case of pre-existing diseases. Depending upon the insurer, this period can range from 2-5 years. This is the very reason it is recommended to buy health insurance in the early stage of your life to make sure that the family members enjoy the right coverage without any waiting period.
2- Claim process:
Choose an insurance plan that has an easy claim process and a shorter settlement period. Read between the lines and make sure you have every detail about the claim settlement process.
3- Insurance amount:
The best family health insurance should offer you the best cover in your hard times. Health insurance plans for family covers all the medical expenses of the members of the family for a period of one year. While choosing a policy, you must take into account all the medical expenses that you expect or do not expect during this one year.
Best family health insurance plans also offer add-ons options. Here you can add additional benefits however this would affect the premium price.
4- Network hospitals:
One way to analyze which is the best Insurance for a family is to check the list of network hospitals. The hospitals associated with the policy must be located in your vicinity and there should be enough hospitals to choose from. Moreover, these hospitals should provide you cashless services, with minimal formalities at the time of emergencies.
5- Maternity benefit:
The cost of pregnancy at modern times has skyrocketed. When you are buying a family health insurance plan, make sure it has the maternity benefit included. Do not forget to check the waiting period for maternity benefit and the sub-limit as well.
6- Pre-post hospitalization support:
There are a number of expenses that you may incur pre-& post hospitalization, this includes consultation fee, prescription fees, and follow up expenses and more, the best family health insurance plan should cover all these expenses efficiently.
Choose family health insurance plans that offer lifetime renewal option. This will cover all the expenses of illnesses and the medical problem you develop during your old age.
These are some of the features to look for while buying the best family health insurance in India.