Points to Deductible Health Insurance Plan
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| Health Insurance Plan |
In today's context medical expenses are inflating at high rate and often they prove detrimental to your financial savings. Hence, the inflating medical cost and treatment expenses needs to be taken into account while selecting a health cover for self or family. To save self from financial woes, one should opt for a customized or enhanced deductible health insurance for self and your family.
Deductible health insurance is the latest version of medical insurance cover and is also known as ‘Top up Plan'. This enhances extra security to your health cover at relatively less premium in comparison to normal health insurance plan. Thus, it's affordable to add to your health insurance plan, giving high benefits. Deductible hold no impact over the sum assured, nor does it reduce sum assured. Deductible is termed as the policy wherein one is only eligible for claim above deductible limit. Deductible insurance plan comes with a minimum deductible of Rs. 1 Lac to Rs. 5 Lac depending on the top up selected.
Point to Note about Deductible Health Insurance Plan
- Deductible or Top up Plan should be opted by people already having a basic health insurance (this gives added benefit to sum insured)
- Deductible plans can also be added by group to boost their sum insured at low premium
- However, top up plan or deductible health insurance can be purchased without a basic health insurance cover. But, experts opines to the fact that a basic health policy should be opted for enjoying maximum benefits of top up plan.
Expert Advice for Top up Plan
Experts recommend buying deductible plans from the same insurer from which you have opted for individual or group health insurance. The reason being it saves time and less documentation filing at the time of claim settlements.
General Features of Enhanced Top up Plan
Annual Health Checkups:
Annual Health Checkups are available and can be avail even in case one has made claim with the insurance company. The complete body checkups can be avail for self and adult family members covered under the plan. To avail this facility one just needs to call the 24/7 customer helpline number and schedule an appointment.
No Sub Limits:
Always opt for deductible insurance plans that proffers ‘no sub limits' option. In general big brand names in insurance sector will provide plans without any cap on significant medical expenses including like doctor fees, surgeon consultation, nursing charges, room rent costs, operation theatre & allied charges, etc.
Hospitalization & Day Care Treatment:
Go for top up plans that provide in-patient care charges for a minimum period of 24 hours. It covers room charges to operation theatre charges and doctor fees to all allied charges. This feature also provides day care treatment charges that may require less than 24 hours. The highest cover comprises of 170 day care treatments. One can also enjoy cashless treatments in more than 3500 + network hospitals. The individual can also opt for reimbursement in any hospital of choice.
Pre & Post Hospitalization:
Enhanced deductible plans also cover medical expenses incurred up to a pre-hospitalization period of 30 days. The plan gives benefit of 60 days post hospitalization cover related to medical expenses.
Review & Cancellation:
If your top up plan seems to be not apt to your requirements, than you can cancel it with us. The deductible insurance plans often come with a review period of 15 days.
There are other great benefits of opting for deductible insurance policy that includes: "tax benefit under section ~ 80D, floater cover, organ donor medical expenses covered, ambulance charges covered, facility to buy online health insurance, etc".