How to cover entire family under single cover for Health Insurance?

1. How to cover entire family under single cover for Health Insurance? We all love our family a lot. Their protection against any form of natural calamities, riots, unusual circumstances etc. is always on your top priority. But when it comes to health issues you tend to be slightly more precautious and concerned. It’s obviousthat you’ll search various options in the market that will take care of their healthcare needs. Of these health insurance plans are on your top filter lists. But taking multi- plans will naturally cost you more besides you need to monitor their renewal procedure, premium payments, after sale services etc. A Family Floater plan, as the name itself suggests is an insurance plan which is designed to cover families health needs. The plan helps to cover the healthcare needs of individual family, including self and spouse, parents and children as well. Today with the escalating inflation rate, growing medical costs, and complex treatment procedure creating a shield of family floater plans around your loved ones is absolutely a need. A single policy will cover all the members of the family, and reduces your task of buying numerous health plans for your loved ones and manage them on regular basis. In India around 30 companies cater various customized health plans to their clients. With the advent of internet today buying the best floater plan among these

2. insures is not a tough task. At the click of a button you can compare the necessary services, benefits and features, discounts & concession, payments procedure, claim procedures etc. making it easier for you to compare and buy. Features of Family Floaters Health coverage to whole family under single umbrella is the prime feature of family floater plans. Apart from this sum insured amount could be floated for all the members, no medical examination for persons up-to the age of 60 years (varies from insurer to insurer), day care treatments etc. are some other important features of this plan. The health insurance plan helps the policyholders to get coverage on medical expenses in case of Hospitalization which include necessary treatment charges, boarding expenses, nursing care, medical consumables, etc. Pre and Post hospitalization expenses •Pre-hospitalization: It will cover the pre-hospitalization expenses; the period of same depends upon the norms of insurers. •Post-hospitalization: It will cover the expense incurred in terms of medical treatment and required examination after discharge from a hospital •Emergency Ambulance Charges: These would be ambulance charges in case of emergency being covered by the insurer under the claim process. •Medical checkup: Some insurance companies offer free medical checkup facility that floats across all the beneficiaries. Advantages

3. Hassle-free coverage: It reduces the task of selecting individual health plan for each member of the family and then utilizes the time and valuable energy in managing them. Besides, separate policies incur higher fees as well. Avail Discounts Since it’s a family floater you can be sure to get some sort of discounts and incentives that plans usually offer. Add new family Member easily: In this health insurance plan you can easily add up a new born member in the family. In case of the unfortunate death of senior-most member of the family, other members can continue with the plan without losing any benefit. Nowadays, family floaters are extended surprisingly to include the in-laws and siblings as well. Thus, family is not necessary blood by birth sometimes it’s created by love and affection given by your in-laws. Useful Features: It comes with many helpful and attractive features such as coverage on maternity, new born baby, etc. In India, after the liberalization of the health sector, around 30 insurance companies are taking care of providing health coverage for individuals and families. It has become vital to have health coverage for the family members due to the rising costs of medical treatment. Today, many insurers are offering the options of taking health coverage for parents, sibling and in-laws under a single plan. If the customer purchases the family floater plan, then it becomes necessary for the insurer to provide health coverage to the family of the insured. A family floater plan saves a lot of money as it covers the entire family member under a single plan. This plan minimizes the stress related to the costly expenses of hospitalization. Insurance companies provide coverage till 65 years of age only. There are some companies which provide lifelong renewal

4. policies. So, individual should check the related details to find the best health insurance plan for the family. [Source:https://medium.com/@nishantmehta/how-to-cover-entire-family- under-single-cover-for-health-insurance-622502c893db#.be6dq1vwi]