A surge in lifestyle-related illnesses and soaring medical expenses have made health insurance an absolute necessity today. Although purchasing a health insurance policy like a family floater health insurance is relatively simple, especially in this digital age, numerous things could be improved about health insurance. Therefore, before buying health insurance, you must comprehend the myths and separate them from the facts. Below is a list of some myths and the truth behind them.
Myth 1: I Am Youthful And Healthy. I Can Do Without Health Insurance.
Age no longer correlates with good health due to our lifestyle and environmental pollution. Studies have demonstrated that most of the youthful population is becoming sicker daily. Therefore, regardless of age, you are safer with health insurance than without it. Early enrollment in a health insurance plan is also prudent because the premium is economical.
Myth 2: Employer-Sponsored Health Coverage Will Meet Your Requirements.
The majority of businesses provide health insurance for their employees. However, do not minimise the significance of having private health insurance plans for families. Your company’s policy is only valid as long as you are an employee. Once you leave the company, you will need to find new insurance coverage. Personal insurance eliminates this dependency.
Myth 3: A Minimum Of Twenty-Four Hours Of Hospitalisation Is Required For Insurance Claims.
Hospitalisation is no longer a requirement for any insurance claim, contrary to the widespread belief.
Myth 4: Pregnancy Is Not Covered By Health Insurance.
This was a true statement until a few years ago; however, the situation is improving. Certain restrictions apply to pregnancy and maternity coverage provided by insurers. While some family health insurance policies cover a limited number of pregnancies, others have a three to six-year waiting period before covering such claims.
Myth 5: Purchasing Health Insurance Just Before Surgery Will Cover The Costs.
Most health insurance policies stipulate a waiting period before lodging a claim. Pre-existing conditions will be covered following the completion of the waiting period; therefore, review the policy language.
Myth 6: You Will Receive Full Reimbursement For Medical Expenses.
The percentage of claim is determined by policy. Most policies impose a limit on accommodation charges based on the total amount insured, with the insured being responsible for the excess. Selecting the ideal plan for your requirements from the variety of available policies would be prudent.
Myth 7: Buying Health Insurance Online Is Risky.
In this digital era, purchasing anything, including health insurance, is simple and quick. All information is uploaded to websites with secure payment gateways and complete confidentiality. Online, questions are answered, and information is verified promptly. Purchasing a health insurance policy is currently the most practical option, requiring less than ten minutes.
In conclusion, health insurance has become necessary with the rise of lifestyle-related illnesses and increasing medical costs. Understanding the myths surrounding health insurance is essential. So, stay safe and invest in a good health insurance policy today!
Subscribe to Bajaj Allianz General Insurance Youtube Channel here!
Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘