Health Insurance Plans – Several Types to Choose from

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Medical Insurance Policy
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Health Insurance Plans Several Types to Choose
from
This article on types of Health Insurance plans
is going to be a long but important one. And it
is strongly recommended for reading if you are
looking to buy a health insurance plan or
mediclaim, shortly. Choosing the right health
insurance plan (or mediclaim or medical
insurance) can be a lot tougher than say,
choosing a term insurance plan. And there are 2
simple reasons for this.
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• There are various kinds of Health Insurance
  plans, viz. Individual Health Insurance plans,
  Family Floater Health Insurance plans,
  Unit-linked Health Insurance plans, Top-up Health
  Insurance plans, Fixed Payout Health Insurance
  plans, Group Health Insurance plans, Health
  Insurance plans for Seniors.
• INDIVIDUAL Health Insurance Plans These are
  mediclaim policies which can be taken only for a
  particular individual.

Also Health Insurance plans are often confused
with Critical Illness plans, but they are very
different. Let us understand each one and which
one suits which kind of people/families.
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It has a Sum Assured, which is the maximum claim
that can be availed of only for that individuals
medical expenses, in a year. In the case of a
family, you can take individual mediclaim
policies for each person in the family, without
any restriction on number of members. Each policy
is independent of the other. FAMILY FLOATER
Health Insurance Plans Family Floater policies
can be taken for a pool of people, typically
family members. The insurance cover floats
between different members of the family, and any
one or more members of the family can together
use any amount up to the maximum Sum Assured, in
a year.
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FIXED BENEFIT Health Insurance Plans Unlike
other medical insurance plans, Fixed Benefit
plans give you guaranteed fixed payouts
irrespective of the actual hospital bill amount.
Your can use it the way you want, for room
charges, medicines, surgery, or anything other
expense. All you need to provide is the diagnosis
by a certified medical practitioner or at the
medical bills.
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TOP-UP Health Insurance Plans A type of
mediclaim plan that is used to top-up your
existing health insurance from any insurance
company. It works to provide additional coverage
over and above the existing coverage, provided a
threshold level or deductible level is used up.
Such a top-up health insurance plan is generally
inexpensive and is a great way to increase health
expenses protection for the family. Source
https//medium.com/_at_sanjaybist/medical-insurance-p
lans-dc8eb41d91d.psoppc6cb
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