But the Finance Minister in his recent budget session has announced many reforms related to health insurance to encourage insurance seekers to choose the best possible insurance that would suit them. The deduction for claiming health insurance premium has been increased up to Rs. 25000 for individuals and Rs. 30000 for senior citizens.
The Economic Times has set out to find the worst sources of the confusions based on certain myths. Here are such myths which are considered to be true:
Myths1: The first myth is about certain misconceptions regarding employer mediclaim. If you have already been a beneficiary of corporate group health insurance, then you should never to claim for another individual insurance. In order to avoid excessive premium rates and decrease the burden, employers often choose to remain confine to their specific and small cover.
Planning to seek cover at the time of retirement will prove to be very expensive. It might not also be helpful at the worst health situations. Even it is wise to be aware of the fact that when your employer medic aim will be available to you.
Myth 2: Smokers and AlcoholicsThere was a dilemma among the smokers and alcoholics that they might be exempted from seeking out health insurance policy for themselves. But this is not true. As they are most vulnerable to health hazards, insurance companies have put their steps forward to offer health insurance to such set of people.
They have to undergo through a stringent health examination in order to qualify the benefits of the insurance and even they are imposed with higher premium as they are prone to high risk in health disorders.
Myth 3: Some people think that they don’t need to seek a health insurance if they are fit. But this is a misconception. Though you may be healthy but health hazards always never come with providing prior symptoms, they can arise all of a sudden.
Unforeseen health hazards like seasonal disorders (dengue, malaria, swine flu) or accidents may attack at any time. Even with the exponentially growing medical costs, it is very difficult to cope up with your finances. So, it is wise to take necessary steps before time.
Myth 4: Another misconception about insurances is that often people feel that they will be offered with the insurance facility only if they get hospitalized, which is a wrong concept. With the adverse effect of technology, there have been vast improvements in the health sector.
Earlier patients used to be hospitalized after a surgery but now days with the advance technology and medical treatments patients with minor operations are discharged within few minutes. Health insurance companies cover such hospitalizations also and even they cover doctor consultation charges too.
Myth 5: Some people think that they can get their work done as soon as they get a health cover, but it is not true. There are certain strict rules under insurance policy which prohibit insurance claims during the first 1 to 6 month.
You should be careful and honest in providing your details while filling up the form because if you are found to mislead any information or hide any health details to your issuer then, your application may get rejected at that moment.
Myth 6: Be aware of the promotional advertisements presented by these insurance companies. They may highlight their policy by claiming best medical facilities by co operating with 5000 hospitals.
There are chances getting drowned if you weigh the merits of policy by just considering the procedures covered by the company. Instead you should read the terms and conditions carefully to understand the depth of their publicity.
Source: siliconindia.com
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