Health Insurance - 5 Things To Avoid At All Costs
There are many true stories in which people have been denied due medical attention or have had to sell all their property to finance the medical treatments. Trust us, they are not a good hear. The personal finances can take a huge hit if adequate health insurance cover is not available. We all have emotional attachments with our loved ones and under no circumstances would we want them not to be fit again if there is a way out. Health insurance policies are the best way of securing the future of your loved ones. In order to be safe and spend a tension less life, always remember never to undertake the following:
a) Buying a wrong policy: Never ever buy a health insurance policy on the web that does not suit your specifications. It is as good as not having a cover but paying for the same. There are a lot of clauses put together by the insurance companies which have to be met in order for the claim amount to be surrendered. A policy which takes into account your needs and would be helpful at the required time is the only choice.
b) Ignoring the Print: Every policy has certain terms and conditions. These are mentioned in the fine print of the policy. Many a times, people ignore to read them and take wrong steps assuming something else. There have been many cases wherein people have lost a major chunk of their investment. Always expect to find some hidden clauses to manipulate the interests of the client into becoming a profit motive for the insurance agency.
c) An uninsured family: Trouble may not always come to the head of the family. It may strike at anytime and there are good chances that other members of the family might get injured too. Do not do the mistake of keeping them uninsured or their medical expenses would be paid by none. It is to realize that if a policy is not taken, the total expense would have to be paid for by the earning member of the family, which would amount to nothing but a crisis.
d) Temporarily non insurance: A health problem may come without warning. It is a huge risk to be uninsured at any point of time. Many people tend to ignore this fact while changing jobs (they only rely on employer's health insurance). Think of the impact that a medical emergency may have on a person who is also unemployed at the same time. It is best to opt for a temporarily health insurance under such cases which are applicable for as low as a month to as long as 3 years. They would be a good anchor if tragedy strikes.
e) Completely Uninsured: There cannot be a bigger blunder than this keeping financial consideration in mind. A majority of the people who fall into this group are the self employed or the ones who think that spending on health insurance premiums is a waste of money. This is an act of carelessness and absurd thinking. They realize the importance of such policies only when they encounter huge bills from the medical institutions which baffle their minds.