Medicare health Insurance: All you need to know

Needless to say, a well-covered medical insurance plan is probably the most important tool a person has for safeguarding the future of his or her family. With the number of major and minor ailments escalating almost alarmingly, it’s only appropriate that extensive researches are made before zeroing in on the most aligned and suitable health insurance plan. This is where Medicare Health Insurance schemes come into play, allowing individuals to keep the medical cover active even if they leave the present job.

What is the Medicare Health Plan?

A Medicare insurance policy is generally offered by a private vendor and works more like any other insurance scheme that isn’t dependent on the existing job profile. Till the time the insured is able to pay the premiums, the concerned insurance plan remains active. It is important to note that Medicare plans offer two types of covers, namely Hospital Insurance and Medical Insurance. However, the extent of financial cover depends on the selected plan and existing premium slabs.

Why opt for Medicare Plans?

The first and foremost reason for getting health insurance is the financial support on offer, especially during an emergency. The insured can seek the best treatment options for his or her family sans fiscal worries, provided the Medicare plan is active. What’s important to note is that insured can choose between family and personal Medicare health insurance or select both, depending on his or her set of requirements. However, it is always advisable to opt for a cohesive canopy that covers every claim with substantial benefits.

Benefits of a Medicare Scheme

When it comes to ascertaining the innumerable benefits of a Medicare policy, there are additional options to look at, as compared to a typical health insurance policy. Firstly, having a Medicare plan is extremely relieving as it also mitigates diverse reasons for anxiety besides offering sizeable health covers. Secondly, besides handling the unexpected exigencies, this plan is also a potent tax saving option for the insured, under the Income Tax Act. What’s important to note is that a Medicare health policy readily induces a sense of extended security while removing innumerable burdens pertaining to hospitalization bills and medical expenses.

Should an Individual Compare Plans?

Comparing Medicare plans is probably the most important step towards purchasing one. The insured must understand that there are a host of health plans on offer, including the likes of Pilot programs, cost plans, plans for the elders, and even MTM programs for managing complex requirements. However, the best option would be to visit reliable online insurers, compare plans, and eventually zero in on the most aligned Medicare health insurance policy.

That said, individual requirements are subject to vary and it is important for the insured to assess each before going about the purchase. With multiple riders and benefits available with select plans, including Easy Travel options, accidental plans, and even corporate perks— it all comes down to the feature sets which make the most sense to the insured.

A medical insurance policy is expected to simplify the availability of existing healthcare solutions for the individuals and a Medicare Health Insurance, if and when purchased, aims towards achieving the same.


ManipalCigna Health Insurance Company Ltd (Formerly known as CignaTTK Health Insurance Company Limited) | CIN U66000MH2012PLC227948 | IRDAI Reg. No. 151 
Reg. Office: 401/402, 4th Floor, Raheja Titanium, off. Western Express Highway, Goregaon (East), Mumbai- 400 063 | Toll free number – 1800-102-4462 | Website address –
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