5 Factors to Consider Before Renewal of Health Insurance Policy

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5 Factors to Consider Before Renewal of Health
Insurance Policy
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• Health insurance won't armour you against
  diseases however it'll armour you
  from money losses arising thanks to the expenses
  incurred for treating those diseases. in contrast
  to vehicle insurance, insurance isn't necessary.
  However, it actually is useful.

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• People are falling prey to diseases at a young
  age. In such a consequence, it becomes necessary
  to avail health insurance in order to fall back
  on the much-needed financial cushion while
  treating the diseases.
• Merely availing health insurance wont suffice.
  You need to renew health insurance from time to
  time as well.
• Here are 5 factors to consider before applying
  for renewal of health insurance policy.

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Assess Situation

• Assess your health before insurance renewal. One
  year is a long period of time and your body can
  undergo a lot of changes during that period.
• Do not simply continue with your existing
  coverage. You can add an additional layer of
  insurance to your policy by selecting suitable
  Add-on covers.
• Assess your health condition, and revisit your
  health insurance coverage accordingly.

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Type of Policy

• You might want to change the type of your health
  insurance policy while renewing it. You can
  choose from dedicated senior citizen policies,
  hospitalization plans, daily cash benefits plan,
  etc.
• There is the option of a Super Top-up plan as
  well over your basic health plan.

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Group Policy

• Do not consider the health insurance provided by
  your employer as an all-encompassing health
  insurance policy. You might lose out on that
  benefit if you switch jobs or your employer
  changes the policy.
• While it is good to have such a cover, do not
  rely on it solely to meet your health insurance
  requirements but view it as extra protection.
• Other thing you might want to consider is whether
  you want to go for a family floater policy or
  choose individual health insurance for each of
  your family members.  

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Policy Portability

• Not satisfied with the services provided by your
  insurance company?
• Just as mobile network portability, you can also
  switch to a different health insurance provider
  without compromising your continuity benefits.
  Your existing No Claim Bonus will remain intact
  in case you switch your health insurance
  provider.

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Make an Informed Choice

• It is possible that you might have opted for your
  existing health insurance policy based on an
  insurance agents recommendation. You mightve
  purchased the same policy as purchased by your
  friend.
• However, you have the option of changing things
  while renewing your health insurance. Every human
  body is different and thus the health
  requirements and vulnerabilities are also
  different.
• Thus, your health insurance policys coverage
  needs to be determined based on your health
  requirements only, not based on someone elses
  needs.

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Why Renew Health Insurance?

• An expired health insurance policy will not
  provide you the financial support in times of
  need.
• Your policy needs to be active for you to avail
  health insurance benefits.
• Changes in your health condition need to be
  intimated to the insurance company before policy
  renewal.
• Your premium might change depending upon your
  medical condition during the time of policy
  renewal.

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Independent Benefit Advisors

• Choosing the right individual health insurance
  plan in North Carolina doesnt have to be hard.
  The Independent Benefit Advisors can help you
  determine the health insurance plan to give you
  the right coverage for your medical needs and the
  right premiums for your budget.
• We help individuals find the right health
  insurance in Raleigh, Charlotte, Wilmington,
  Greensboro, Ashville, Fayetteville, and the
  entire state of North Carolina. 
• There is NEVER a fee for our services so give us
  a call at 919-303-9690 or contact us online and
  let us help you the best health care coverage
  available to you.

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Contact Us
Address 1121 Pemberton Hill Rd, Apex, NC
27502 Phone [phone] Toll Free (888)
303-9690 Fax [phone] ID
john_at_thebenefitadvisors.com Website
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