Change is the only thing that is consistent in this world. In a world full of inconsistencies, what is happening today may not be happening tomorrow. The same goes for your health. You might look and feel healthy today, but no one can really tell if it’s the same for you tomorrow. It is a misconception that only sick people need health insurance. Everyone needs it.
The cost of health-care in India is expensive; hence if you do not have a back-up plan for yourself, you might not be able to get the best medical attention that you need, when the time comes. This is the reason why you should not think twice about buying health insurance. What you need to worry about is how to find the best health insurance plan for you and your family.
What do you need to analyze about yourself when getting a health insurance?
Do you smoke? Do you enjoy food that is high in cholesterol? Do you exercise? This is important because this is exactly what the insurance company would like to know about you. They want to analyze whether you are high risk or not. High risk means being prone to sickness. If you have a not-so-amiable lifestyle, chances are the insurance company would set a higher premium or co-pay.
This is one of the more sensitive areas about yourself that you need to know. You need to analyze your budget so you can set a limit as to what you can afford to pay monthly. When looking for the best health insurance plan for yourself, you have to ensure that there would not be an instance where you would skip your monthly payment. Some insurance companies automatically forfeit insurance claims once payment of premium has been skipped. So, the best way to find any affordable insurance plan is to compare insurance plans and decide the one that suits your budget.
Payment options that you can manage
You need to know which payment plan you are comfortable with when looking for the best health insurance plan.
There are two things that you need to pay for: the premium and the co-pay. Some insurance plans offer only premium payments, some offer both.
Premium is what you pay monthly, while co-pay is the percentage of your health-care bills that you need to pay for yourself. If you go for the latter option of having both premium and co-pay in your plan, your monthly premium would definitely be a lot smaller. However, you need to be prepared to shoulder the percentage of co-pay by the time you get sick. Sometimes, this is more expensive than just paying a larger regular fee monthly. If you rarely get sick, this can be advantageous.
Keep in mind that getting a health insurance plan when you are already sick is useless. No insurance company would cover sickness that is pre-existing upon application of insurance. Why wait for the time to come when you are already sick before you actually believe that you can be sick? There is no way for you to turn back time; hence looking for the best health insurance plan starting today is a wise move.