Things to observe while getting Health Insurance

IMPORTANT CLAUSES YOU SHOULD READ WHEN BUYING A HEALTH INSURANCE POLICY Many of us buy health insurance policy only to save tax and often fail to update ourselves on the various features of the plan being purchased. Choosing a health policy for you and your family is a serious decision and it requires you to be fully aware of the policy and its benefits. Here are few important features you should know before buying a health policy: -- Deductibles: It is the amount of money customers will have to pay in an insurance claim before the insurance coverage starts paying. “Deductibles vary for different conditions, illnesses, and medical procedures. Though high deductible health plans have the advantage of smaller premiums, customers may end up paying much more out-of-pocket. To avoid this, customers can opt out & select the better plans without deductibles or opt for low deductibles insurance policies,” said Vikas Mathur, Head – Health, Universal Sompo General Insurance. -- Co-pay: This clause allows customers to take some share of his/her medical expenses. Under this clause the insured has to bear a certain predefined percentage of the claim amount. One should always have a look at the co-pay clause while planning to buy a health insurance policy. Health insurance policies of few insurers have the co-pay clause compulsory, usually for the age group above 55 yrs. Customers have the option to look for other policies without co-pay condition if they do not want hassles of this part payment. Also, customers should consider their health and fitness conditions before deciding to opt for a health insurance policy with Co-pay Read more of at www.starhealthdevarajan.com/news/590 for Ur Health Insurance needs, Services, suggestions U can always call us at 98401 77017 Devarajan www.facebook.com/mediclaimagent