Health insurance aims to bring a person’s medical or surgical expenditures under the ambit of insurance sector where you come into an agreement with an insurance company so that the latter will pay, when needed in future, your hospitalization and any other medical expenses in lieu of an annual premium. Medical care is an unavoidable expense which is also expensive in the private health sector. No one knows when you will be in need of medical care. It is wise to choose a health insurance package when you can pay in advance rather than looking for money at the old age when you can’t even work to get paid. The various benefits you will enjoy are instant cashless treatment, pre-hospitalization coverage, transportation charges, bonus for no claim, medical check-up and tax benefits. It is imperative choosing the best health insurance should be your focus in the younger age.
Q. What is a Health Insurance? Ans. Health insurance refers to a special kind of insurance which can be used to cover medical expenses. It is basically an agreement between the insurance company and an individual or a group of individuals where the insurance company signs an agreement to provide medical insurance to the individual […]
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Healthcare costs have been rising at twice the rate of general inflation in the country. With 15%-20% inflation in healthcare, a medical cover seems like the need of the hour. However, most people tend to overlook the many benefits of having health insurance plans and instead opt to invest in one due to the tax […]
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Medical and Medicare costs are rising year-on-year, therefore, it is important for an individual to purchase a health insurance policy. Inflation in Medicare is in the double digits, which is much higher than inflation in food and other areas. A health insurance plan is taken by an individual to cover for his or her surgical […]
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For every individual, health insurance plans have become a necessity due to a high number of lifestyle diseases and a double-digit medical inflation in the country every year. Buying a health insurance policy also helps in partially or fully covering surgical and medical expenses of an individual. A health insurance policy is basically an agreement […]
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Change is the only permanent thing in life. Things change over time. What you need today may not be the same tomorrow, same with Medicare options and your healthcare needs. That is why you, as a Medicare beneficiary, have the opportunity to update and tweak your current plan every year. During Medicare Open Enrollment period, […]
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Qualifying for long-term care insurance is getting harder nowadays – an effect of the initiative of long term care insurance providers to be more picky on approving applications. Recent stats would show that the number of applicants denied of long term care coverage has swelled except the age group of 70-79 year olds that remained […]
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Is your current health insurer falling short of your expectations? Do you want to switch to another health insurer? You already have the permission from IRDA! Yes, according to IRDA, you can switch to a new insurer without affecting your current health plan and its benefits. This facility is known as Health Insurance portability. It’s no […]
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