How to Use Your Health Insurance Plan

health insurance companies

Having a health plan is an essential investment in your health and well-being. It ensures you have access to the medical care you need at an affordable cost. With the right plan, you’ll be able to get the care you need without straining your savings. Plus, you will be assured that you have the necessary coverage in a medical emergency.

Still, many people feel overwhelmed by the concept of using their health plan, as it is a complicated process. This article will educate you on how to utilise your insurance policy to benefit most from the health coverage.

Why is a Health Insurance Plan Necessary?

Good health is the ultimate wealth, but the price of staying healthy can be steep without a healthcare plan. In a world where unexpected illnesses and accidents can happen at any moment, having a health plan is not only necessary but essential.

Without medical insurance, the cost of medical treatments and procedures can quickly spiral out of control, leaving individuals with an unmanageable financial burden. Moreover, health insurance companies offer a range of benefits like medical screenings, pre and post-hospitalisation coverage, inpatient care, etc. They also provide peace of mind and security, allowing individuals to focus on their health and well-being without worrying about the high costs of medical care.

How to Utilise a Health Plan?

Policyholders often don’t use insurance to its fullest potential. This can be corrected by using the following tips:

  • Utilise preventive care services.
  • Take advantage of telemedicine options.
  • Consider using generic medications.
  • Review your medical bills for errors.
  • Use in-network providers to avoid surprise bills.
  • Ask for a pre-authorisation for expensive procedures.
  • Consider alternative treatments or therapies.
  • Keep track of your medical expenses for tax purposes.
  • Know your rights and how to file a complaint if necessary.
  • Regularly review and update your plan to meet your changing needs.

In addition to the above, it is helpful to be clear about the difference between mediclaim and health insurance, as they are two very different types of plans offered by health insurance companies. While mediclaim is an indemnity-based plan that covers hospitalisation expenses, healthcare insurance covers all medical expenses, including doctor’s visits and preventive care.

5 Things You Should Know About Your Health Plan

Mentioned below are five things you should know about your health plan. They will help you decide which is the best health insurance policy in India.

  • Understand the network: Read through the network of doctors, hospitals, and other healthcare providers enrolled by the health insurance companies.
  • Read the details: Familiarise yourself with the plan details, such as the number of visits covered per year.
  • Know the exclusions: Learn what treatments and services are not covered by your plan.
  • Check the waiting period: Ask about any waiting period before specific treatments are covered.
  • Check the renewal clause: Read the renewal clause carefully to avoid any surprises when your plan is up for renewal.

It is vital to obtain a thorough understanding of your health plan and how to use it to your advantage. It will allow you to access the care you need at an affordable cost. With health insurance plans from companies such as Niva Bupa, you can be sure you have the necessary coverage to stay healthy and safe.

Also Read: Five Reasons to Choose Public Health as A Career


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