Guide to Increase Your Health Insurance Coverage

The primary aim of every family during times of inflation should be to create a financial cushion via regular savings. Unpredictable emergencies like severe health complications or injuries/accidents have severe financial consequences that result in higher expenses. Therefore, purchasing a health insurance plan is extremely important.

For a family-oriented person, an individual needs to focus on the health conditions of every individual and the required health coverage. In a country like India, there is an ever increase in the cost of treatment and medical facilities. With the increase in age, enhancing the coverage of life insurance is a great idea to protect the savings of an individual.

Also, with an increase in the coverage amount, an individual might doubt paying a higher premium amount. However, there are many ways by which you can enhance your coverage at a nominal premium amount.

Ways to Increase Health Insurance Cover

Highlighted below are some methods to enhance health insurance coverage:

1. Buy Health Insurance Policy Early

If an individual purchases a health insurance plan earlier in life, it is a wise idea as you are required to pay a low premium. Because with the increase in age, there are greater chances of getting health ailments like hypertension, diabetes, blood pressure, etc, therefore because of all the concerned factors the premium amount increases.

Moreover, a health insurance plan issued by the employer and considering that the plan is sufficient for the protection of family members in times of health emergencies is not a wise idea, as the health plan is not valid once you leave the company.

2. Select a Comprehensive Health Plan

Purchasing a family health insurance policy is more useful as compared to the individual insurance plan, as a person can get high medical coverage for various healthcare needs. Therefore, a family floater plan is more useful rather than purchasing a health policy for each member of the family individually. Through a family health insurance plan, an individual is required to pay a single premium to enjoy all the benefits.

3. Top-Up & Super Top-Up Health Insurance Plans

To increase health coverage, super top-up plans are highly important. These are designed specifically to offer additional coverage over a specific deductible. When compared with top-up plans, super top-up plans are more useful, with more financial advantages and an affordable premium. Also, for a health insurance top-up plan, only single hospitalisation expenses are considered, but for super top-up plans, the cumulative hospitalisation expenditure during a plan term is taken into consideration.

Take Away

Therefore, you can opt to increase the coverage of your health by taking into account the aforementioned points. It would certainly help you in leading a tension-free life later on in life.

In case you haven’t ensured the protection of your family’s health today, it is important to buy a health insurance plan. Also, with time, it is significant to enhance the health coverage of all the insured members, to ensure adequate protection.

Must Read:

How Top-up Health Insurance Plans Help You Increase Sum Insured On a Budget 

Top 5 Benefits of Top-Up Health Insurance Plans

Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the article's contents as conclusive and should research further or consult an expert in this regard.