family health insurance plans
Obamacare: What’s brewing? Take a Look
In our day to day life, we all get so engrossed in our work and social life that our health is completely ignored. We feel that we are healthy and are taking proper healthcare measures, but most of the times this belief turns out to be an illusion. Our hectic lifestyle takes a toll on our health and we fall sick. For this reason proper healthcare is important and we should all opt for health insurance plans.
Realizing the need and significance of healthcare plans, “Obamacare” a US law was formulated by the president Barack Obama in 2010. This is aimed at reforming the American healthcare system. Also known as the Affordable Care Act, the main focus of this is on providing more Americans with access to affordable health insurance and improving the quality of health.
Various changes have already taken place through this law. Existing plans now cover preventive care like immunization, annual checkups and mammograms. Children and young adults can stay on their family health insurance plans till the age of 26. And insurance companies can no longer set lifetime limits on coverage. Such an act has been a great boost to millions of Americans who are also eligible to get financial assistance.
Along with individual plans, many others are also available like family health insurance plans, senior citizen plan, maternity packs, corporate packs and many more. With variety of such plans you can select the right one for yourself matching your requirements and budget.
You can now be prepared for the worst of all situations by opting healthcare insurance plans and the Americans have been asked to flock to get covered on February 1st.
Secure a healthy future by family health insurance plans
Everybody at some point or the other needs to use the health care system. Unforeseen situations can arise at any time. You may never know when you might face an accident or any of your family member might fall sick and may need a doctor. By subscribing to health insurance plans you can secure your future and save your savings as this will cover all your medical expenses and give you access to the right medical care at the right time.
Health insurance plans can protect you and your family from the costs of medical treatments. The small expenses of routine checkups can quickly add up and the cost of treatment of major illness can be a nightmare. At any age and at any level of health, everybody needs to take care of themselves and stay healthy. For this reason, the health insurance companies have come with family health insurance plans.
In this policy all the members of the family are secured. The policy holder only has to manage one single policy and his entire family including his wife, children and parents are secured under it. There is no trouble of subscribing to various different policies for different people.
With so many insurance policies and companies offering them to you in the market today, online broker agencies are available to help you distinguish among them and select the ideal one for you and your family. All you need to do is go online and select the best one for yourself.
Pay less get more from family health insurance
With the rocketing medical expenses, there are only two ways by which you can protect your savings from ventilating through the front window.
1 – Cover your family with a health indemnity scheme
2 – Lead a healthy lifestyle and do all the requisites to stay away from diseases.
Among these two options, second one is not realistic as there is no one in this planet who does not suffer from illness and recovers without medications. In such instances, you are left with the only option of family health insurance.
A family floater plan is bagged with numerous advantages and is the best plan to cover your whole family. You will realize that you are getting so many extras by paying so less.
Benefits of floater plan
- A single protective umbrella adequately looks after the health needs of the whole household.
- You do not have to remember so many dates of premium deposit or renewal individually as you will maintain only a single plan. So it offers you relief.
- Young couples like the family health pack because it offers new-born and maternity coverage. However, these features do not add up immediately.
- If the senior most member of your household expires, the plan will continue for the rest of the family providing all the features like before.
- Senior persons fetch most from this plan as most of the family floater packs in India offer free medical checkups at frequent intervals for senior people.
- A new member can easily be included in the existing plan and no separate or fresh scheme needs to be purchased every time.
- You will get income tax concession under section 80 D.
- There are insurance companies who charges little extra on the premiums and let you include your in-laws in the existing scheme. So, do not miss the chance to impress them.
If you buy an individual health policy for your kid, you have to pay huge premiums for unwanted features, because normally, kids do not require medical assistance like aged members. So a family health insurance will take care of your parents and kids at the same time by charging less.
5 Crucial Advantages Offered By Best Health Insurance Companies In India
You can seldom judge a product by its cover. Evaluation of the good, the better and the best among the rest can be rightfully backed by going meticulously through the ingredients of the concerned products and considering reviews that may have generated on the same. This is highly relevant in case of companies offering health / medical plans which are available aplenty in these days. Choosing from among these companies can be extremely confusing following the fact that they always uphold themselves as unparalleled when compared with the rest.
To make matters easier, and mostly, for the sake of better results, it is crucial that prospective buyers of health plans analyze the concerned companies on the basis of the advantages that they offer through most of their policies; 5 of which are crucial and is a must for all to consider.
Relevant packages: To begin with, the relevance of the packages determines the worth of the company. Be it individual plans, family plans, senior citizen insurance, pregnancy policies or anything else for that matter, the inclusions must be such that they can be claimed under the risks that the policy declares to cover. It should not happen that some or, many of the inclusions are not worth the premium that is being charged for the policy.
Justified premiums for extensive coverage: The best health insurance companies in India ensure that the premiums that they charge for their plans are justified. They do not try to mislead buyers by announcing dramatically low premiums for gigantic benefits. In very simple words, the prices spelt by the company are neither too low nor too high, it is just right for the inclusions in the plans and affordable at the same time too.
Cover available beyond state borders: Good companies offer covers that can be availed not just in the hospitals within the state borders, but beyond as well. This is one of those attributes that people seldom forget to consider while buying health plans, and this is also one of those points that many companies quite conveniently manage to avoid. Quality providers however, include this benefit and bring it to the notice of the buyers as well.
Quick and easy claims: Best health insurance companies in India always ensure that no rubbish is tolerated when it is time to respond to claim requests. More often than not, these companies offer cashless benefits for critical covers which contribute to exposing the buyers to better and more effective treatment at their time of need.
Clean terms and conditions: The motto, the morals and the intensions of any insurance company can be judged by the terms and conditions they offer under each policy. Good providers have very clean and clear terms and conditions with minimum strings attached. The exclusions of the plans are mentioned well and are brought to the notice of the buyers comprehensively so that no one feels denied or, cheated in case claims are not accepted. The approach of these companies is honest and open; an attribute that is experienced by the buyers at large.
Professional Help To Approach Relevant Health Insurance India
The market for plans and policies in India has expanded to an unbelievable extent and that too with an all inclusive approach. The diversity that this nation of the billions has achieved as far as health and medical plans are concerned is truly appreciable. However, when it comes to choosing from among the infinite options, general buyers seem to falter at what to take and to put away as irrelevant. More often than not, the former are seen to be influenced by what advertisements preach than making an assessment on their own to determine what would suit them best in terms of benefits.
To avoid letting the masses fall for inappropriate plans and policies, a number of professionals have taken it upon themselves to locate the most suitable health insurance India for all who approach to seek their expert guidance on the matter. After assessing the needs of the concerned individuals or families, the professionals conduct a thorough search for existing plans that match the requirements of the former and then proceed with meticulous comparison among the same to fish out the best. The plan so located is sure to be relevant to the buyers in terms of cover, premiums to be paid for it and the nature of claims.
3 Very Important Benefits Of Family Health Insurance Plans
When it comes to choices and preferences in the world of plans and policies, it has been seen that people in general show a tendency to float towards individual plans than collective ones. While the former is great for those who have no dependents, for those who are blessed with lovely families whose health needs comes before all other requirements, it may be best for the concerned buyers to choose family health insurance plans in place of the individual policies. As the name itself spells, these plans cover the health needs of not just one person, but all members of the family including spouse, children and (sometimes) elderly parents.
There are 3 main benefits of getting this form of health plans than taking individual policies for each and every member separately. To begin with, these are more cost effective than individual policies, where one premium can take care of the coverage for all. Secondly, it is easier for people to maintain and manage the same as compared with individual plans where the holder may have to pay premiums many times a year. Thirdly the matter of claims is easier in family plans because of the quality of uniformity it is imbibed with.
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Hurdles In Taking Senior Citizen Insurance
Age is one of the most crucial contributing factors when it comes to taking policies. As the insurance companies have taken it upon themselves to cover ‘risks’ that are usually unfortunate and unforeseen; when it comes to medical policies, with age almost everything can be foreseen. When a person crosses the age of fifty, one can expect problems like blood pressure, blood sugar, cholesterol, bone related issues, balance related problems etc to either take over completely or, commence by a considerable extent. The concerned elders may already have had a brush with hospitalization, medication, critical care and a lot more. Thus, the matter of risk becomes more of a sure shot reality.
Covering medical problems that may arise for certain is a great risk which leaves no option for the providing company but to give out as many claims as the policies sold. As a result, the terms and conditions of senior citizen health insurance are made very stringent with very high premiums for even the least of covers. While it is true that people can attain as much cover for whichever condition they wish to have covered, they are certainly required to pay a very heavy price for the same; a price which is often burdening especially to those who are retired from services.
4 Crucial Qualities Of Best Health Insurance Plan
All that glitters is not gold; a saying that some wise people of the ancient times have ensured bringing into the notice of one and all of every generation, both old and new. This applies to everything that exists under the sun, be it about the nature of individuals, material products or, even the intangible services offered by millions of providers across the world. Thus, insurance policies and plans also come into the same perspective, making it imperative for prospective buyers to look before they leap. At present, there are far too many providers of the former who claim to offer nothing but the best and no lesser. However, on falling for such pronouncements, many buyers have faced unfortunate consequences in the sense that they received no benefits in the form of claims at all under some clause or the other when the emergency so arrived.
Buyers here, especially the inexperienced first-time purchasers, will have to keep this vital fact in their mind that the goodness or, worthlessness of policies is not determined by the tags they bear. There are certain essential qualities which may or may not be glorified by the concerned companies. But it is these qualities that make the plans worth investing one’s money with. There are basically 5 qualities that mark the best health insurance plans available in the present day market. These can be mentioned as follows: –
- Wide Range Of Applicable Benefits – Firstly, quality plans offer benefits that are directly related to the estimated requirements of the buyers. Absurd inclusions which only add to the bulk of the premium but never come to the aid of the buyers in the time of need are never made a part of these policies. The inclusions are crisp and comprehensive and applicable to specific groups of buyers who are sure to make the most of the plan in case any health emergency occurs.
- Comprehensive Terms and Conditions – Secondly, the terms and conditions of these policies are clear and comprehensive ascertaining transparency of the providing company. The fine prints are never too fine for the eyes of the buyers to go through, exposing the same to every exclusions and clauses of rejection mentioned in the plan.
- Reasonable Cost of Premium but Never Dirt Cheap – All good things come at a price. Thus, the real best health insurance policies too come at a considerable amount of premiums. However, every penny paid as premium is worth the expense considering the true worth of the benefits that the policy ensures to offer. What is even more appreciable about these plans is the fact that they don’t usually scrape the pockets of buyers with the cost of premiums. In fact, people can find comfortable solutions that would complement their budget while availing the benefits.
- Easy Claims – This is one of those junctures where most policies fail dramatically. The complications in determining the amount of claims and the time frame within which the same is received often forms the cause of massive unrest among policy owners. However, in quality plans, the claims procedure is usually smooth and immediate not making people wait indefinitely to achieve their share of benefits.
Affordable Family Health Insurance – Myth or Reality
It is a fact that all things that display quality and functionality come with a price. This means, anything that is ranked among the best and is sure to offer a good lot of benefits is sure to cost more than the others. And when it comes to plans and policies covering overall health and medical emergencies, this fact turns out to be all the more relevant. Thus, when prospective buyers are looking for affordable family health insurance or, individual policies, there are a few points of pure reality they much ensure keeping in mind.
To begin with, looking for some amazing all inclusive coverage at minimum premium cost usually indicates the existence of very restricting terms and conditions which is more likely to deny the claims when made under certain grounds.
Secondly, even if an all inclusive coverage for very low premiums does exist for the entire family, the amount of cover is usually seen to be negligible which may not at all come handy at the time of need.
Thirdly, confusing ‘affordable’ with ‘cheap’ becomes an unforgivable mistake that goes on to increase the risk of everyone who is covered under the particular policy.
Assessing the harmony between the risks covered with the amount of premium paid for the same is a good way to determine the worth of any policy before purchasing the same. It can thus be said that while ‘affordability’ of good plans is a possibility, attaining massive benefits at ‘cheap’ rates is certainly a myth.
Getting insured- the investment of a lifetime
Insurance is a common term in present day world, but not many do decipher the real meaning of it, until it is needed. People, even when earning a healthy income doesn’t really think of securing the future against possible contingencies. Sadly, it’s the adverse turn of events that forces someone to look into the possibilities to be secured in case of hazards. Insurance in modern times is deemed not only as a viable mean to cover for costs caused by health hazards, but also as a long term annuity option. Insurance is deemed as a favored mean of investment in present times with the insurers making room for some bonus payments after the term period is over.
Investing for the long run is also a favored option for people who have a family to nurture. It is through the secured means of health insurance policy that the individuals try to make sure that their family’s needs are taken care of even when the sole earning member is deceased. Having insurance is a common phenomenon in this fast paced world where the insurers tend to make sure that even their lifestyle oriented contingencies can be taken care of. In any scenario, the loss of a loved one is not a desired option. Nevertheless, the need for sufficient money after the demise of the earning member is also paramount.
In today’s world, there is seemingly no shortage of investment options. From gold, silver to stocks, people invest in a plethora of verticals. In line with the investment of hard earned money, people become more cautious and thus look into a number of parameters before taking on an investment option. Insurance makes for a perfect solution as it literally meets a gamut of needs of the investor- saving to meet life’s important goals and as well as protection of asset. An investor always looks for two parameters- asset appreciation in the long run and asset protection. Most financial elements are endowed with an underlying element of asset appreciation and the same applies for insurance as well. What insurance also expertly us able to achieve is the feat of asset protection. From accidents to theft, insurance is the answer to relieving the financial loss and make room for compensation.
Insurance companies are many and their products are diverse. It is applicable thus that the insurers must tread wisely before picking up an insurance product. One cannot go wrong in this aspect as insurance is generally a long term commitment. It is to be noted that the needs of individuals are also diverse. Goal based saving is another option for which people rope in an insurance policy. From funding important events to making room for emergency money, insurance needs are varied. The insurers must be prudent in their quest to picking up the insurance that best fits their bill. There is certainly no best health insurance policy, rather individual insurance policies which are suited to ones needs.
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