Should I Buy Multiple Health Insurance Policies?

<div dir="ltr" style="text-align: left;" trbidi="on"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnzSSSVyqDPeV_dKk_a06ep9SiYU-r5tbNluFRkfvRFcZ72SNeVwyuLWmIwj24ybYnw4wCZP5KCmkoFb-ALbUAP7nEBHEhxUqOlE4DPNkDsf6B0z1m1QHknGW1EK1ofvGALWQr3l7oGNQ/s1600/2.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="257" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnzSSSVyqDPeV_dKk_a06ep9SiYU-r5tbNluFRkfvRFcZ72SNeVwyuLWmIwj24ybYnw4wCZP5KCmkoFb-ALbUAP7nEBHEhxUqOlE4DPNkDsf6B0z1m1QHknGW1EK1ofvGALWQr3l7oGNQ/s1600/2.jpg" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><b>Looking for Individual Health Insurance? You're Not Alone.</b></span></td></tr></tbody></table><div style="text-align: justify;"><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;"><b><i><br /></i></b></span></span></div><div style="text-align: justify;"><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;"><b><i>I have a Group Health Insurance coverage from the ownership. Again, will I have to buy an Individual Health Insurance Plan? Isn't a waste of money on premiums? </i></b></span><b style="font-family: Times, 'Times New Roman', serif;"><i>Recently, it is the most frequently asked question!</i></b></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;">Employers make some decisions for the welfare of their employees. Here, providing Group Health Insurance and Personal Accident Insurance plans are the most important</span><span style="font-family: Times, 'Times New Roman', serif;"> facilities. Even if members of the group, personally we need to have these two policies. Usually, the premium of group health insurance policies is lower compared to </span><span style="font-family: Times, 'Times New Roman', serif;">individual policies. Subject to the terms and conditions, some policies may exclude certain pre-existing conditions, medical tests and other common expenses.</span></span></i></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;">Moreover, all benefits are applicable to parents is an additional attraction. Hence, as healthcare costs continue to </span><span style="font-family: Times, 'Times New Roman', serif;">rise, being a member of this insurance policy is very important. Despite these benefits, there are some difficulties too! Due to the amount of the policy is less, it </span><span style="font-family: Times, 'Times New Roman', serif;">is inadequate to all family members. However, illnesses and accidents can happen at any time and without warning. If you’re hospitalized, that does not have an </span><span style="font-family: Times, 'Times New Roman', serif;">agreement with your health fund, you may face significant out-of-pocket expenses for your treatment. In order to be entitled to continuing health benefits, you must </span><span style="font-family: Times, 'Times New Roman', serif;">still be employed at your organization.</span></span></i></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><span style="font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-size: large;"><i><span style="font-family: Times, Times New Roman, serif;">If you voluntarily quit your job without just cause, you are not entitled to avail the health benefits. Again, taking a new policy is like paying the excess of premiums. </span><span style="font-family: Times, 'Times New Roman', serif;">Moreover, there will be no coverage to the pre-existing health conditions. The group health insurance plan offered by the organisation, will be ended with your </span></i><i><span style="font-family: Times, Times New Roman, serif;">retirement. Some insurance companies impose so many regulations to offer a new insurance policy for senior citizens. Even after conducting medical examinations, sometimes they </span><span style="font-family: Times, 'Times New Roman', serif;">may not be agreed to offer a policy. Although if you have been offered a policy, it is possible to charge higher premiums. So, it is better to buy an insurance policy </span><span style="font-family: Times, 'Times New Roman', serif;">before five to six years from retirement. Then, you will be having a flexibility of restructuring your policy to lifelong.</span></i></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><i><span style="font-size: large;"><br /></span></i></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;">Providing subsidized group insurance coverage can be revoked at any time by the connected insurance companies. If you don't claim, it does not include the no-claim </span><span style="font-family: Times, 'Times New Roman', serif;">bonus too! When you claim, it is possible to charge a higher premium based on a fixed percentage of the claim. When you're sick and stuck in bed, you might need </span><span style="font-family: Times, 'Times New Roman', serif;">long-term sick leave for two to three months. In this case, an employer may make deductions from pay for absences. Group insurance cannot pay for this loss, but some </span><span style="font-family: Times, 'Times New Roman', serif;">of the individual health insurance policies coming forward to pay for such kind of damages.</span></span></i></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;">Full compensation may not be given in the group health insurance. Sometimes you might be asked to pay a copay. Even it is possible to impose sub-limits on various </span><span style="font-family: Times, 'Times New Roman', serif;">expenses like room rent, doctor’s fees, diagnostics etc. But, coming to individual health insurance plan, it is a policy with no sub-limits, copayment and will help </span><span style="font-family: Times, 'Times New Roman', serif;">you avoid unpleasant situations at the time of claims. However, do not forget that it depends on the policy and the insurance company you choose.</span></span></i></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><u><b>Some Important Things to Consider</b></u></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-size: large;"><i><span style="font-family: Times, Times New Roman, serif;">Whether its a group health insurance or individual insurance plan, please do read your policy document to know the exact list of exclusion applicable to you. In this </span><span style="font-family: Times, 'Times New Roman', serif;">policy document, you can find 'Cashless Hospitalization' list, it means When you get hospitalized with a network hospital, you do not have to settle the bill with the </span></i><i style="font-family: Times, 'Times New Roman', serif;">hospital.</i></span></div><div style="text-align: justify;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><i><br /></i></span></div><div style="text-align: justify;"><i><span style="font-size: large;"><br /></span></i></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, Times New Roman, serif;">Health insurance policy doesn't cover pre-existing conditions and some other treatments. First Some companies offer group mediclaim policies, though, after five years </span><span style="font-family: Times, 'Times New Roman', serif;">switch into an individual insurance policy. Such attention is advisable to use at the time of retirement.</span></span></i></div><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, 'Times New Roman', serif;"><br /></span></span></i></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHqkw6WUlDL05shtuIOOGGd_IdpuLwYW3oDwSvtYDwDf2BNvqqU0NSwGpnyev1D4IZhwZ15QpPQBWvPKQL2PKBHs0RRU-gA91saMU_8e2KOg7w1Gg_nKRxMRMpmqHf3fyxWgmZIzmg9JA/s1600/1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHqkw6WUlDL05shtuIOOGGd_IdpuLwYW3oDwSvtYDwDf2BNvqqU0NSwGpnyev1D4IZhwZ15QpPQBWvPKQL2PKBHs0RRU-gA91saMU_8e2KOg7w1Gg_nKRxMRMpmqHf3fyxWgmZIzmg9JA/s1600/1.jpg" width="362" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><b>Group Insurance Plan! We've Got You Covered!</b></span></td></tr></tbody></table><div style="text-align: justify;"><i><span style="font-size: large;"><span style="font-family: Times, 'Times New Roman', serif;"><br /></span></span></i></div></div>

Should I Buy Multiple Health Insurance Policies?

Looking for Individual Health Insurance? You're Not Alone. I have a Group Health Insurance coverage from the ownership. Again, will I ha...

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