Introduction
One cannot imagine the number of diseases that are prevailing in today’s society. Visiting hospitals has become a common thing since every person in a family, right from a baby till the eldest person, has some health related complaints that needs medical attention. If this is the case, how do we spend for all the medical expenses, in this costly world? This is where the importance of a supplemental healthcare insurance comes into consideration. There are many insurance companies which offer a good amount of insurance coverage for every individual. The coverage will vary depending on the amount of premium that we wish to pay and the number of years that we are willing to pay. So consider that if someone under the supplemental healthcare insurance cover gets hospitalized for some reason. Then the expenses could be met, since we have the support of the supplemental healthcare insurance coverage. So it is a must for every individual to assess the risk associated when there is no insurance cover, and opt for one.
History
The concept of supplemental healthcare insurance has not known to exist a few decades ago. This kind of service is completely new to the world. Though the concept of insurance is not new to us, the health part has not been included into it during the early days of insurance.
Features
There are lots of sections that need to be understood while opting for asupplemental healthcare insurance.
• Choose the plan: Every insurance company comes with a lot of plans that could be opted by different people according to their needs and budget. The different types of policies would include, varying health insurance coverage. And the policies would differ based on the number of persons and the type of disease that a person is affected with. When it comes to the number of people, the policies can be taken for an individual or a joint cover for the family. In case of a joint cover the number of persons can be decided by the insured person. If the persons included in the policy is known to have any disease before the time of obtaining a policy, when that disease would not be covered by the policy for the first two years, for that person. The other people who are covered in the policy would be able to use the insurance cover in the meantime, for any kind of diseases that needs hospitalisation for a minimum of 24 hours.
• Timely intimation: Once we decide to use the supplemental healthcare insurance policy cover for our medical expenses, it is important two choose between two modes of payment. We can either intimate the insurance company at the time of hospitalisation and the hospital would get their bill, paid from the insurance company directly. Or you can pay your bills directly and then claim for thesupplemental healthcare insurance coverage for re-imbursement of the amount spent, by providing the necessary documents.
Tips and Comments
• Availing a health insurance would make our lives secured since we do not need to worry about money during medical emergencies.
• Many companies would provide insurance cover for their employee. But it is important that we also take a supplemental healthcare insurance to safeguard our family.
