HOW TO COMPARE TWO HEALTH INSURANCE PLANS .ppt

1. HOW TOCOMPARETWOHEALTHINSURANCEPLANS Itis very normal for anyhuman being to compare two similarproducts before putting in your hardearned money and whenit is about yourown protection along withyour family members, thenthe stakesare high andcomparison isrequired. Compare InsurancePlansAlsowhen thereare somany similarlooking productsavailable, comparisonautomatically comesup asa perfectfithastobebought. Asthere are numerous plansavailable, you can takeadvantage of Okbima.com aswe are here tohelp you.There are somany points that you should considerwhile buying and comparing it withotherplans.Someofthemare: 1.Theprovisionof coverageincomparison tothepremium charged: • Oneshouldnot comparethepremium aloneasevery plancomeswith differentfeatures. • Firstand foremost,one shouldcompare the coveragethat youwill getif the healthinsuranceplancomesintoaction. • Thehealthinsuranceproductmarketis highlycompetitiveandeachplan givesyouextensive coverage.Oneshould lookforthe coverageofparticular featuresthatfulfillyourrequirements.

2. Thereare somany different plans availablelike theones • Internationalmedicalcoverage • Alternatetreatmentslikeunaniandayurveda • Restorationofsumassured • Soyou should look intothe plan with detailwhether it is coveringthe required feature andwhetherthecostisinyourbudgetornot. 2.LimitsandSub-limits: • Lookforthe perdayspending limitsthat arementionedin aplan. • Forinstance:per dayroom rent,ambulance cost,cost ofmedical tests,post dischargecoverage,OPDcharges, • Itis advisable to gofor a plan that hasno sub limitsorhigher allowance as youneverknow aboutthe intensityof theunfortunate eventand forhow manydaysyouneedtobeinthehospital. 3.Pre-existingconditionsandtheirwaitingperiod: • Pre-existingconditions include your ailmentsthat you are suffering at the time ofbuying the policywhich will beincluded from thecoverage for theinitial few monthsormaybeyears. • Thenumber of years thatyou have to waitfor the coverage isknown as the waitingperiod. • Whilecomparing, youshould havea lookat thelowest waitingperiod andthat couldbethebestshotforbuyingahealthinsuranceplan.

3. 4.Bonusanddiscounts: • Ifyou are notfailing sick andyou are notfilling any claim,Buy Insurance PolicyOnlinethe healthinsuranceprovider rewardsyouwith Noclaimbonus. • Thenoclaimbonuscaneither betakenintwoways: a.asareductionfromthesubsequentyear’spremium b.Asan increment inthe nextyear’s coverage withthe same amountof premium. • Secondoptionisa betterchoiceasthe coverageisextendedwithout burdeningyourpocket.

4. Besidesthis,thecompanies offer variousdiscounts forluringthecustomers whicheveryindividual shouldlookfor andgetthe lowestpremiumwith maximumcoverage. 5.ClaimProcess: • Thesolepurpose ofbuying healthinsurance isto saveyourself fromfinancial emergencies. • Lookingat theclaim process isan essential factor.Whether it isa cashless basisorareimbursementtypeisequallycrucial. • Goingfor plansthat havea cashlessfacility ismore feasiblealong withthose whoaretiedwiththehospitalsaremorebeneficial. • Thiswill reduce your family’s stress and they don't have to run around for gettingaclaimsettled. • Alsoyou can lookat your preferredhospital that isnearby to yourhouse and thefacilities thatit hasalong withthe cashlessbenefit. Choosinga planthat worksinthatparticularfacilitywillworkperfectlyforyou. • Moreoverlookingfor asettlementratio isaquintessential factor.Forinstance ifa company settles90 claims forevery 100 filled, itmeans it isa good ratio asthere arecompanies thatkeep rejecting yourclaim onsome orthe other basis. 6.Ratingofaproduct: • Therating ofa particularproduct alsomatters asthe productwith fivestar ratingisthemostboughtoutproduct. • Justlikeyou readreviewseven beforewatching amovie,you cangather informationbeforeputtingyourmoneyandgiveaproperthought while lookingattheuncalledneeds. 7.Operationalefficiencies: • Lastly,one should also look at howwell the company handles the paperwork. • Whethertheyfollowthegroundrulesornot.

5. Mistakestendto happenwhilefiling fora claimbutwhether thereare provisionsforcorrectionsornot. • Nobodysaysonlyprivate insurancecompaniesaregood only,buttheywork betterastheirsurvivalisalwaysatstake. 8.MaternityBenefit • Mostpolicies donot provide maternitybenefit butthere are someinsurers whoafter a certainperiodofwaitingtimeprovideyouwithsuchabenefit. • Ifyou are inthe process ofdoing family planning,then you definitely considera plan thatprovidesyoumaternitybenefits. Theseare some of the basicpoints that are listed for youby the experienced team of Okbima.comwhich you should consider before buying a health insurance policy. Still if you face any difficulty in understanding the terms and conditions of a health plan or deciding which is betterfor you, we are just aphone call away. With high fuelingmedical costs, it is very important foreach one of us to invest in a healthinsurance policy that covers you and your family and safeguardyourfinancesfromanymedicalemergency.