Family Health Insurance – Single Plan To Cover Medical Treatment Costs For The Entire Family
Most people opt for individual health insurance policies, thinking that it is the best way to mitigate expenses occurring due to medical treatment bills.
Usually it is the head of the family and provider who does it, with the idea that members of the family will not be affected by health issues that are expensive.
Family Health Insurance
However, with today’s rising medical costs, any small medical treatment can cost huge bills. Imagine an unexpected sickness that requires hospitalization of the wife or a child.
Would not that cause a huge problem in the finances? Instead of taking up individual health policies look into family health insurance to get coverage for everyone living with you as it offer more coverage for less premium cost.
Why You Need Family Health Insurance?
It is true that people working for long hours are subject to stress and its related health issues. Hence it is vital for them to have a health policy in place to pay up for sudden medical treatment expenses or frequent visitors to the doctor.
However, in case a family member suddenly falls ill, having a family health insurance policy will help to mitigate its loss considerably. It can be used to get complete coverage for the treatment expenses which can save enormously.
Can we buy family health plan? Is it possible to buy in bulk?
This policy is usually available for family members from the age of 16 to 66 and they have to undergo a medical exam to avail it. Instead of having family members sign up for individual health plans, catastrophic health insurance plan for over 30 to 50 which can be expensive, opting for family health insurance ensures that coverage is available to all but the cost of getting it is nominal.
Key Benefits of Family Health Policy
A family floater health insurance plan proves to be beneficial for everyone in the family and helps to bring down the cost of health bills that arise when huge medical treatment has to be undertaken suddenly. Family health insurance covers a wide range of medical conditions, enabling policy owners to get enormous coverage benefits as and when required. Claims can be made typically for the following conditions:
- Pre and post hospitalization expenses
- In-patient hospitalization
- Hospital cash expenses incurred by calling the ambulance
- Day care treatment expenses
What is the claim process for family health plan?
Claim can be made against the policy for not just routine treatments but also for severe health conditions whose treatment costs can become very high. There is a 24 hours customer care support team that can be contacted at any time for assistance.
While the premium paid is very nominal, the amount of coverage offered is huge and the refund for medical bills that can be gained is high. You can easily obtain a policy online and can also make yearly payments this way to get coverage quickly and quietly.
While most companies offer the standard family health insurance plan, which covers various types of medical treatment costs, you can also find others to give you critical illness coverage as a separate plan, in which only chronic conditions are covered.