Despite being one of the most sought-after investments, nearly 30% of the Indian population don’t have health insurance. This is because many people fail to properly comprehend the concept of health insurance, before deciding which mediclaim policy to buy. Due to various technicalities and features, people tend to create misconceptions regarding health insurance plans.
However, if you are in the search of a suitable mediclaim policy, there is no dearth of genuine information on the concept. In a bid to clarify the doubts, which may lead to the wrong selection, we have listed a few common myths regarding health insurance.
Myth 1. Smokers Can’t Buy Health Insurance
Fact: A recent survey done by a health insurance provider revealed that around 49% of the individuals who consumed alcohol or cigarettes believed they are not eligible for buying a mediclaim policy. However, the fact is that though they may be at a significant health risk, they can still get health insurance. The only condition is that due to the health risk associated with alcohol or smoking, such individuals will be supposed to pay a slightly more premium. Additionally, they will have to undergo strict medical tests before getting the mediclaim policy.
Myth 2. Healthy People Don’t Require Health Insurance
Fact: The most common misbelief among people is that they don’t require a health plan if they are fit and sound. The past two years of the pandemic have taught us well that even the fittest of individuals can fall sick for deadly diseases. When you can’t predict a health emergency, the only way to protect your savings from getting depleted into hospitalization expenses is through an appropriate mediclaim policy.
Myth 3. Pre-existing Diseases aren’t Covered by Mediclaim Policy
Fact: While a mediclaim policy also covers pre-existing illnesses, there is certainly a waiting period for such pre-existing conditions. In case you already have any illness while buying a mediclaim policy, it is always advisable to check the waiting period clause, and make sure that the waiting period is not long. Suppose you buy the Care Freedom Plan from Care Health Insurance, the waiting period for pre-existing illnesses will be 2 years.
Myth 4. Mediclaim Policy Only Covers Hospitalization Expenses
Fact: Thanks to the advancement in medical science there are several surgeries and operations wherein an individual need not be hospitalized for treatment. Hence, it is a common misbelief that a mediclaim policy only covers expenses related to hospitalization treatments. However, the fact is that the health insurance plan also covers various daycare procedures such as a laparoscopic cataract operation, kidney stone removal, and so on. The Care Freedom plan covers more than 170 specified daycare treatments at any of the network hospitals of Care Health Insurance.
Myth 5. Coverage under Group Health Insurance is enough
Fact: Even if you are covered under a group health insurance plan provided by your employer, you need to buy a separate health plan. This is because the group mediclaim policy provided by employers will be active till the time you are in the organization. Hence, you need to carefully, assess your family’s healthcare needs and accordingly buy suitable individual health insurance. Moreover, additional individual health insurance is necessary because it offers a higher sum insured than group health insurance.
Hope this article helps to bust the myths around health insurance and aids in choosing the right mediclaim policy for you. Undoubtedly, you can safeguard your hard-earned savings with one of the competent health plans offered by Care Health Insurance that provide comprehensive coverage with all the avant-garde features and benefits of your family.