Is ‘health care insurance’ really beneficial to everyone?

Nowadays 'health and medical insurance' has become known to everyone even in villages. You could see lots of 'private health insurance' companies blooming and it is known fact that most of them are not Indian companies. Foreign stake has been increased to almost to 49%. and it may increase. Actually foreign companies have tie up with some Indian companies for the sake of easiness in running their business. Only few companies including 'LIC' are purely Indian companies. The offers have become competitive and look beneficial to the policy holder.

Health Insurance

 However we are not going to analyse the constitutional and establishment of these companies. This article intends to analyse whether one must go for it or not and how far it is essential. Yes, of course it is very important to have a 'health insurance policy' for the whole family. There are lots of websites provide suggestions on how carefully one should select the policy. It would be interesting to analyse the 'personal health insurance' claiming experiences of the policy holders when they are accessing the benefits.

There are different 'types of policies' available in the market and every one seemingly rushing towards the 'cashless hospitalization facility'. This is actually good and when you don’t have money in hand for admission, this would help but it also has some problem when you are getting admitted to hospital.

So many no limitations on the expenses would have been explained but all will fall into the ‘health insurance coverage’ of the sum assured.  

TOP 3 TRICKS IN HEALTH INSURANCE:

One of my friends and relatives recently admitted in the hospital. The first question during admission was ‘are you having insurance?’ Yes. That’s fantastic and you don’t have to spend. This is actually in the beginning.

The possibilities of exploitation by hospital and Insurance companies:

mediclaim

Your disease may not require the whole sum assured for the treatment but hospitals tend to claim the whole money. The policy holders seem that no need to worry about that because they are not going to pay the money. This will affect their renewal benefits. This may lead to many 'medical procedures' that are not required may be done on our body and may be harmful.

In the middle of the treatment the hospital may ask you to pay some money because some procedures are not allowed in your policy that the poor patient may not understand. In this time we need to keep in our mind the hospitals are running business not services. Some may do.

Some hospitals quoted different amounts for people having insurance and not having and we don’t know the logic behind it.

Once I have personally chosen to get admitted in a 'medical college hospital' for surgery to get treated 'without using insurance'. This costs me around 25000 rupees instead of 150,000 quoted for using insurance policy in a different set up having all luxury benefits. I thought any way I will be asked to pay at least 10000 extra during discharge and it is normal to everyone. And the duration for claiming procedure is also a concern. I had another health insurance called daily cash benefits which allow me to get rupees 1000 every day during hospitalization. So I have hardly spent only 10000 for the whole procedure.

Govt scheme

Govt.Health isurance

In this government there is a ‘chief minister’s health Card’ introduced for poor up to 1.5 lakhs and it allows to get more benefits. This is very much worthy and accepted by all medical college hospitals and really people are getting benefits.

Verdict:

You must go for a ‘medical insurance’ without any doubt within your budget. If your income is less than 72000 per annum go for chief minister’s health card. When you take the paid insurance please spend time to read ‘health insurance comparison’ in terms of claim settlement procedures and go for a ‘health plan’. If you can’t afford them you must go for at least a 'daily hospitalization cash policy' provided by almost all the companies that requires only a thousand rupees or more per person which is the 'cheapest health insurance' plan. You may also want to read this review on alternative medicine system here.