family health insurance plan

Points To Note Before Purchasing Family Health Insurance Plan

Many people enjoy going shopping. Shopping is their personal version of pleasure for the rest. It could be because of the crowd, the chaos, the variety, the waste of time, or money. People who dislike going out to shop will appreciate online shopping. They can now buy anything online with a few mouse clicks. Even those who enjoy shopping until they drop do not enjoy shopping for a few items. As in health insurance. Buying clothes is enjoyable, but purchasing a medical health insurance plan for your family is not. But an insurance policy is a more important purchase than most other things. An insurance plan entails significant financial investment. You must choose a health insurance plan carefully and without haste. A single blunder can jeopardize your financial planning. However, we can give you some pointers to help you pick the best plan for your family and yourself.

You should be aware of the following factors when purchasing a health insurance plan.

  • Check to see if pre- and post-hospitalization expenses are covered.

A good family health insurance plan will cover both pre- and post-hospitalization expenses. You may need to see the doctor several times before and after your hospitalization and undergo numerous tests.

  • How extensive is the insurer’s hospital network?

Find out the number of network hospitals that are part of the plan when purchasing a health insurance plan. A greater number of network hospitals is considered better because it will be easier for you to receive cashless treatment. You do not have to pay the hospital directly while receiving treatment at a network hospital. Instead, your insurer will deal with the hospital directly to settle your bills.

  • Evaluate the premium amount

The premium is the amount you must pay to your insurer in order to keep your plan active. The premium amount depends on the quantum of the sum insured. Apart from that, the premium in a family floater plan is determined by the age of the eldest family member. Moreover, if you decide to opt for add-ons, the premium of your family health insurance will rise again.

  • Whether the amount of insurance is sufficient to protect your family.

Before purchasing a health insurance plan for your family, ensure that the sum insured in the plan is sufficient to meet your entire family’s medical needs. Consider the family members’ ages, pre-existing illnesses (if any), and so on. If your parents are also covered under your family health insurance, you may require a larger sum insured as your medical expenses rise with age.

  • Whether or not ambulance fees are covered

Ambulance costs are high, particularly for emergency services. Several health insurance companies include it as part of their family health insurance plan. Also, make certain that the insurer will reimburse the costs of air ambulance transportation.

  • Are daycare procedures included in the list of benefits?

Many insurers only cover hospitalizations that last longer than 24 hours. However, many medical procedures, such as dialysis, require only a few hours in the hospital. Find out if the health insurance policy includes daycare procedures.

  • Are alternative treatment costs covered by health insurance?

Alternative therapies such as Ayurveda, homeopathy, and others are becoming increasingly popular. Many insurance companies cover the costs of in-patient care for alternative treatments. Before finalizing the plan, ensure that it includes alternative therapies.

  • The procedure for settling claims

The insurer’s claim settlement procedures should be seamless. The insurer’s claim settlement ratio is one indicator. The claim settlement ratio is calculated by dividing the total claims paid by the total claims filed. It is best to choose an insurer with a higher settlement percentage. Otherwise, you may have to run from pillar to post to get your medical bills reimbursed.

  • How long does the wait last?

In most cases, insurers impose a waiting period for pre-existing conditions and other benefits such as free annual check-ups, dental insurance, and so on. Typically, the waiting period ranges from two to five years. During the waiting period, you will be unable to file a claim for those ailments. As a result, choose a family health insurance plan with a short waiting period.

  • Analyze the plan’s exclusions.

You should be aware of what medical procedures and conditions are not covered by your health insurance plan, just as you should be aware of the plan’s benefits. As a result, before deciding on one, take the time to read the list of exclusions.


Certain situations are beyond our control, and a medical emergency is one of them. You can get sick regardless of whether you eat a healthy diet, get enough sleep, and exercise on a daily basis. The possibility must not be dismissed.

Don’t buy the first family health insurance plan you come across. To find the right family health insurance plan, you should compare different insurance plans and find the one that meets your insurance needs.

Purchasing adequate insurance coverage is a sure-fire way to mitigate all healthcare-related risks and ensure the safety of your health and finances.

When it comes to purchasing insurance, the early bird truly does get the worm. Because we have fewer pre-existing illnesses when we are young, we can obtain maximum insurance coverage at the lowest possible insurance premium.

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