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- Team TMP

A Simple Guide to Comprehensive Health Insurance

A health emergency can be a serious drain on one’s finances and resources. With the cost of quality health care and hospitalisation rising many fold in recent years, having a comprehensive health insurance policy is no longer an option anymore.

A comprehensive health policy gives you the financial protection from medical bills if an unforeseen health emergency strikes. It also ensures you stay stress-free in case of expensive hospitalisation or extended treatment. Having a comprehensive health policy is the best way to protect your hard earned savings.

Why Health Insurance?

It’s a no-brainer really. Health insurance helps you afford the best treatment without spending your hard earned money. Put it another way, your health insurance premium is a fraction of what you would have to pay for actual hospital expenses if you didn’t have health insurance. Think about that.

Cashless Treatment in Emergency

One huge advantage of having a health insurance is that you don’t need to arrange funds for treatment in an emergency situation, thanks to the cashless feature offered by most insurance policies. In case of cashless treatment, the policyholder only needs to inform the Third Party Administrator of their insurance company, and avail treatment at a hospital without the need for paying cash up front.

Network Hospitals

To make life just a little easier, insurance companies have a network of reputable hospitals across the country, and health insurance plans allow for cashless treatment in these network hospitals. Which means on completion of treatment, the policyholder doesn’t need to pay medical bills except for certain deductions as stipulated in the policy. For treatment in non-network hospitals, you need to file a claim for refund of your medical bills from the insurance company.

Better protection costs more

It is important to have affordable health insurance. But it’s even more important to have a policy that gives you adequate protection when you need it the most. Sometimes an affordable policy misses out on key benefits and features and can prove much more expensive than paying a higher premium.

Compare health insurance benefits

To find a health policy that suits your needs takes some time and research. Start by looking online for a plan that best suits your needs and budgets. The internet is usually the best place to buy a comprehensive health policy, and online research will help find a good plan that gives you adequate coverage at an affordable price.

You also need to shop around with the most reputable insurance companies. There are a range of insurance options available and you can easily choose the plan that best suits you. This will help you invest wisely in your health insurance.

If you recently bought a health insurance policy or have one running for a while, it’s time to  test your policy to know if you’re adequately covered. If you need a detailed explanation of your policy benefits, check your current health policy on testmypolicy.com and find out its limitations and exclusions. You also get recommendations to improve your coverage (e.g., a top-up plan, if you’re under insured) and suggestions of better plans available for the premium you’re paying.