‘Health is wealth’ is a universally true statement. A healthy person is able to balance his personal and professional life more effectively. He is able to devote time to his family and perform well in his career.
However, with the rise in different types of diseases, it is becoming difficult to be perfectly healthy. Everyone requires medical assistance at some point of time. But, the rising medical expenses can make situations difficult; especially in a case when someone is not able to bear the burden of these costs. So, to be on the safer side and to be assured that no one in your family is deprived of medical assistance, consider buy a family health insurance.
However, just buying an insurance cover will not help. One needs to take a keen interest in the covers that are offered by the policy to ensure that his investment is worthwhile. So, here are a few things that should be kept in mind while buying a family health plan.
Things to keep in mind to buy the best family health plan
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The Expenses Covered
The expenses covered vary according to the package as well as the insurer. The most common coverages offered include the ambulance charges, the nursing home or hospital room expenses, nursing expenses. It also covers the cost of the equipment and the drugs used for treating the patient like oxygen cylinder, pacemaker, anaesthesia etc.
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The declarations to be made
One should be aware that the insurer can cancel their insurance policy on the basis of breach of information. Therefore, to ensure that your policy is not cancelled render correct information.
Also, a lot of people buy more than one insurance covers. In such a case, it is important to declare these covers to both the insurers. If not done so, both the insurers can reject your claim.