The hospitalization charges and expenses incurred on undergoing complex medical examinations have increased manifold in the past few years. Paying for hospitalization expenses, domiciliary hospitalization expenses, and for medical examinations for a family member can create quite a strain on your finances. Thus, to safeguard your savings and to protect yourself from incurring extensive healthcare related expenses, you should purchase a suitable family healthcare plan.
Who needs to Purchase a Family Health Insurance Policy?
Family healthcare plans are health insurance policies, in which all members of your family will be insured for fixed sums of money. The sum insured will cover all healthcare related expenses of your family members. Since it is a single health insurance policy, you will not have to worry about paying separate premiums in lieu of individual health insurance policies for each and every member of your family. Additionally, a family healthcare plan is an ideal health insurance policy, especially if you have elderly parents who are financially dependent on you. The same is applicable if you have small children in your family. Other than being an umbrella health insurance policy, family healthcare plans have numerous other benefits and also provide a lot of coverage, some of which has been discussed below.
Why should you Purchase a Family Health Insurance Policy?
If you purchase a family health insurance policy, you will be able to save a lot of money. Family health care plans are cost effective solutions, because instead of paying different premiums for individual health insurance policies, you will have to pay only a single premium. A single premium will definitely be lesser than the sum total of premiums payable for individual health insurance policies. Thus, family healthcare plans are always considered to be cost effective solutions.
What Is the Coverage Provided by a Family Healthcare Plan?
A family healthcare plan will provide numerous additional covers as well, such as reimbursement of the expenses incurred on hiring an ambulance. The same plan should also cover pre and post hospitalization expenses. Say for instance, after the patient has been released from the hospital, he or she has to undergo extensive medical treatment before they can resume their normal life. The expenses incurred on undergoing medical treatments post hospitalization can be quite high, but a family healthcare plan will cover these expenses as well. Another important coverage provided by a family healthcare plan is the reimbursement of the expenses incurred on undergoing day care surgeries. Say for instance, a member of your family has to be hospitalized to undergo a surgical procedure, but he or she does not have to stay in the hospital for more than twenty four hours. In such a situation, the insurance company from which you have procured the family healthcare plan is liable to cover the expenses incurred due to hospitalization, even if it is less than for twenty four hours.
Do Family Healthcare Plans Cover Health Check Ups?
If you have not claimed health insurance for a certain time period, then the insurance company will reimburse the expenses incurred on undergoing a complete health check up. However, the time period and the amount reimbursed vary with different insurance companies.
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