Top Myths and facts about health insurance

Top Myths and facts about health insurance

Health insurance has become increasingly essential due to the increase in lifestyle diseases and rising medical costs. Although purchasing a policy may seem straightforward in today's digital age, there are many misconceptions surrounding it. Before making your purchase, be informed on both facts and myths surrounding them. Here is an outline of these important details:

 

Myth 1 - Employer-sponsored health insurance will satisfy my needs

 

Fact: Most organizations provide employee coverage through corporate insurance programs. However, having personal coverage is highly recommended since corporate policies only last as long as the employee works at the company and must be renewed upon departure. A personal policy eliminates this dependency by offering protection to your family in case of job loss or illness.

Myth 2: I am young, fit, and healthy - therefore, I don't need health insurance.

 

Fact:Age is irrelevant when it comes to good health. This is because of the stress in our lives and environmental pollution. Studies have revealed that many young people around the world are becoming sicker every day. With or without a health plan, you're more secure than if you weren't insured - plus, getting one early in life pays off in lower premiums!

 

Myth 3 - A minimum 24 hour hospitalization is necessary for insurance claims.

 

Fact: The myth that hospitalisation must be completed for insurance coverage is false. Many health plans now provide coverage for dialysis, chemotherapy, radiotherapy and eye surgery - all day care procedures. Dental problems are not included in day care services and may not require hospitalization at all. These services are all covered by specific health plans.

 

 

Myth 4 - Health insurance purchased before a surgery will cover all costs incurred.

 

Fact:Health insurance policies often include a waiting period before making claims. After this period has elapsed, pre-existing conditions will also be covered - please refer to your policy wording for more information.

 Myth 5 - Pregnancy is not covered by health insurance

 

Fact: This was true until a few decades ago, but the situation is changing. Certain restrictions still apply to insurance company coverage of maternity and pregnancy claims; some cover only certain pregnancies while others require waiting periods of three years before they will cover such claims.

Myth 6 - You will receive full reimbursement for the treatment you purchase.

 

adevar 6 - Consider other insurance options before buying a policy

 

Fact: Your policy determines the percentage of reimbursement available. Most policies set limits on room charges based on the total insured sum, with any excess being payable by the insured. Some policies contain sub-limits which cover other expenses like medicine; therefore, make sure to select the plan that best meets your needs among all available plans.

 

Myth 7 - Online purchasing of health insurance is risky

 

The Digital age has made it effortless to purchase almost anything online - including health insurance. Websites provide secure payment gateways that protect privacy and security, with fast verification of information for any questions that arise. Buying a Health Insurance Policy takes only 10 minutes, making it the quickest and most convenient option available right now.

Once you have all the facts, take time to thoroughly read through the offer document before purchasing your policy. Healthcare can be costly; therefore, having the appropriate insurance plan is essential for protecting yourself financially in such situations.

Disclaimer: The information provided above is intended only as an illustration. Before finalizing sales, please review the prospectus and policy wordings carefully.