5 HEALTH INSURANCE MYTHS THAT YOU SHOULD BE AWARE OF

No comments

5 HEALTH INSURANCE MYTHS THAT YOU SHOULD BE AWARE OF

With the rising cost of healthcare in our country, health insurance is an essential investment in ensuring our family’s critical healthcare needs. Healthcare costs in India are increasing at a distressing rate. Based on some estimates, the annual healthcare inflation is the range of 15 – 25%. In the absence of health insurance, a serious illness in your family can cause financial distress or leave big hole in your hard earned savings, at a time when you least expect it. However, health insurance as a financial product is still widely misunderstood due to the general lack of awareness about health insurance in India. In this article, we will try to address some myths with regards to health insurance plans.

Myth 1: If you are covered under your company’s group health insurance scheme, you do not need to buy additional Mediclaim.

Reality: You should check what kind of benefits your employer’s group insurance policy offers. Check what is the total amount and nature of illnesses that your company’s group insurance covers. Does the policy cover your spouse, children, parents and other dependents? If your company’s group insurance is not adequate for your needs, then you should buy additional health insurance to protect your family’s healthcare needs. You should also consider buying additional healthcare as a security for your family’s health protection, in case your employer suddenly decides to cut down the benefits or if you leave your current employer for better job prospects.

Visit Our Website: www.kansalfinancialservices.com
Follow us on Facebook: www.facebook.com/kfsdelhi
Join us at Google+: http://goo.gl/ylr5PX

No comments :

Post a Comment