Disease-Specific Health Insurance or a Standard Health Insurance Policy
Updated On Jan 10, 2024
When it comes to health, everybody needs to be on their toes. Promptness and alertness bring a lot of difference in the treatment process. Therefore, it is better to ensure that your health insurance covers the diseases you most suffer from. The maximum health insurance plans have certain waiting periods for existing ailments but it becomes troublesome if the suffering is acute or regular.
Nowadays, due to irregular and unhealthy lifestyles, almost everyone is suffering from illnesses that require regular medication and treatment. On this note, the health insurance companies have introduced a plan to bring sickness explicit medical coverage strategy for people experiencing hypertension and diabetes. Apollo Munich has recently come up with the approach to focus on people experiencing diseases such as diabetes and hypertension alongside other such conditions.
Some other changes brought by different health insurance providers incorporate zero extra premiums for diabetes and hypertension if you are buying a customary policy New India Assurance. On the other hand, Star Health has raised plans that are planned explicitly for individuals experiencing diabetes and HIV. These changes have made individuals suspicious enough to think as to which plan to opt for i.e., disease-specific or regular health coverage with constraints on prior ailments.
It is believed that the illness-specific policies are intended to benefit individuals who can't go for customary health insurance coverage and just this segment of people show enthusiasm for the plan. The major difference between the two plans is that the existence of a waiting period may fluctuate from 2 to 4 years in common health insurance policies, while in disease-focused policies it is abrogated and pre-existing ailments are being treated from the very first moment.
However. one can’t directly judge any plan as each arrangement has its benefits and flaws. If the standard health insurance policy restricts the waiting period, the centered plans own the confinements like co-payment while filling a claim. Also, there is a sub-limit on room rent, where treatment expenses may be covered up to some limit. Apollo Munich policy comprises a higher premium or co-pay provision for the insurers.
In addition to these, the confinements put under disease-specific health insurance plans are based on risk when covering an unhealthy individual. While in the regular health plan, the coverage is just given to individuals who are covered under low-risk health conditions. Therefore, it can be concluded that both policies have their specialty. The normal person can go for a general insurance plan while an unwell individual should go for specific health coverage to seek the insurance-covered treatment at once.
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