If you are going to buy health insurance, then keep these things in mind, premium will decrease
Nowadays The number of people taking health insurance is increasing rapidly, but the ever -increasing premium has disturbed many people. Companies are charging a lot of premiums and now there is no special benefit from the company changing (port). If you are also struggling with increased premium and looking for a solution, then there are some effective methods that you can reduce your premium burden to a great extent. Let us know what these methods are.
1. Buy health insurance as soon as possible
The best and effective way to reduce health insurance premium is to buy a policy at an early age. The premium depends on your age and health status. In puberty, you are usually healthy and the risk of diseases is low. For example, a 25 -year -old man has to pay a much lower premium than a 40 -year -old man. Buying a policy at an early age not only reduces the premium, but you are also able to avail the coverage for a long time.
2. Take advantage of network hospital and bed-sharing
Take a policy from a company that provides treatment facility in network hospitals around you. Treatment in network hospitals provides you cashless facility, and sometimes it can also reduce premiums, often up to 15%. This also reduces the expenses incurred from your pocket. In addition, by choosing a multi-bed sharing option, you can reduce the premium further, as the share of sharing beds is lower than in private single room.
3. Consider Super Top-Up Plan
An effective way to make your health insurance more economical is to take a top-up or super top-up plan. These plans increase your existing basic health insurance coverage and help reduce the premium burden. After a certain ‘deductable’, these plans provide additional coverage, which gives you more coverage at less premium.
4. Select Didctables and Co-payment options
Not everyone likes this option, but choosing deductables and co-payment clause can help you reduce health insurance premiums to a great extent.
Didctable: This is the amount that you have to pay from your pocket while claiming, after which the insurance company pays the rest. By choosing a high deductable, your premium decreases.
Co-payment: In this, you have to pay a certain percentage (eg 10% or 20%) of the claimed amount. Choosing a co-payment option also reduces premiums.
5. Buy online
Buying online health insurance is a great way to save money. Buying online does not require middlemen and additional charges, which simply means that the premium is reduced. Also, you can easily compare different policies online, ensuring that you get the most suitable plan at the most competitive rate. This process is convenient and transparent.
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