One thing is certain, the river of time only flows forward and that means that we all continue to grow older as the years pass. With our current lifestyles and related stress, diseases seem to be hitting the old and young alike without exceptions.
A higher number of younger people are getting affected by lifestyle-related diseases such as hypertension, diabetes, and depression and therefore, it’s important to get insured early before age starts kicking in making us more vulnerable.
However, some of us remain oblivious to the importance of a health insurance policy till disaster strikes and the medical expenses start piling up. A look at the steep rise of healthcare costs in recent years should be enough to make us take a step back and realize what health coverage brings to the table in the unfortunate event of a loved one falling sick.
Therefore, picking the right health policy is key to staying one step ahead of the curve and ensuring the safety and security of yourself and that of your loved ones. The best health insurance policies currently available can help you stay prepared and offer comprehensive coverage for anyone looking for extensive coverage that doesn’t compromise the wellbeing of the insured person.
But the question is, with so many types of plans available in the market which one should you consider? Allow us to break it down for you so you can choose the best health insurance for yourself and your loved ones.
Table of Contents
Individual Health Insurance
Individual health insurance is best suited for people who don’t have any dependents because as the name suggests, it only covers an individual in case of hospitalization. Individual Health insurance policies cost less in terms of premium (If taken early on) and offer comprehensive coverage in the unfortunate event of hospitalization due to a disease.
Family Floater Policy
This is the best health insurance policy in case you are looking to get coverage for your entire family. This policy covers a set of individuals across varying age groups and offers comprehensive coverage to all under a single umbrella. A family floater policy also takes the hassle out of maintaining multiple policies and keeping track of having to pay off multiple premiums as everyone gets covered under the same plan.
Senior Citizen Insurance
Senior Citizens require the maximum amount of care when it comes to health and they must get all the care they can along with access to the best healthcare facilities in times of need. Although, this coverage comes at a higher premium; the best health insurance plans offer cashless hospitalizations, coverage for day-care expenses and pre-existing diseases. Always ensure that you choose a plan where you need to incur less in added costs when it comes to deductibles, co-payments, and other sub-limits as they often require you to bear some of the cost of hospitalization.
Critical Illness Insurance
Critical illness insurance offers a lump sum payment in case any serious illness is detected which requires either long-term hospitalization or care. It’s always best to buy a critical insurance plan on top of your regular insurance to take care of expenses arising out of expensive medical treatment procedures. Make sure you check with your insurance provider if they offer this benefit as a rider on your existing health insurance policy by paying an extra premium or simply buy one if there is no such rider available to get adequate coverage.
With all these types of health insurance policies, you are eligible to get certain tax benefits under the Income Tax Act, 1961. Hence, when you purchase the best health insurance policy, you can also plan your finances more efficiently.
Care health insurance offers a few of the best health insurance policies that are industry-leading and have you covered against a variety of illnesses and also offers coverage for modern treatments such as robotic surgeries. You can explore Care health insurance policies by visiting the website and getting a quote for your policy.
The decision to get insured is best done early on in life and the earlier you get yourself and your family insured, the better prepared you’ll be in ensuring the health and wellbeing of your loved ones.