What is health insurance and why is it important?
It is not uncommon for a person to fall severely ill all of a sudden. However, with the correct medical treatment and care, the person can recover in no time. But things are never always so simple for many people. The main problem starts when the patient is unable to pursue further treatment due to a lack of funds. Even if one arranges the cost by taking a loan or borrowing it from a relative or friend, the obligation to return the money always lingers. Now if a patient who is already suffering has to also worry about returning the debt, then it might affect his/her mental state, which can further deteriorate his/her frailing health. Such issues can be avoided easily with the required medical treatment and a comprehensive health insurance policy. So, what is health insurance? As the name suggests, a health insurance policy is one that deals with the health of a person. The importance of health insurance should not be neglected as it covers the costs for medical treatments, doctor consultations, follow-ups, surgeries, prescribed drugs, medical tests, and so on. One can even add optional benefits such as coverage for dental care, vision care, mental health services, etc. Most insurance policies also collaborate with hospitals and medical centers. You can check out such details before selecting one. So, to ensure that you won’t have to stop your or your family member’s medical treatment owing to lack of money, you must not underestimate the importance of health insurance and get a policy for yourself and your family. Understanding health insurance is important as it will save you a lot of money, and it will also save you the hassle of running from pillar to post to get the money for any treatment.
The benefits of having health insurance are many. However, to select an ideal one, you must know that there are different ways in which insurance policies work. Some health insurance providers reimburse the entire amount which was used for the treatment, and some provide cashless treatment services. If the policy offers cashless treatment, then the patient won’t have to pay any amount to the hospital as the insurance will cover the entire cost. The type of claims can differ from hospital to hospital as well. As a result, understanding health insurance is important before finalizing one. Most organizations offer health insurance to their employees and their dependents. However, if you happen to leave the organization, you will not be able to use the policy. So, if you are planning to leave your organization to do your own business, and so on, you must get a health insurance policy for you and your family.
As the importance of health insurance cannot be explained enough, it is really necessary that you have one at the right time. For example, if you opt to get one at a later stage of your life, then you might have to go through a hold-up period. During such time if any emergency occurs, then you might have to end up spending your own money. So, understanding the importance of health insurance is necessary if you want to be prepared to face any unforeseen emergency. You will have to pay a premium to buy a health insurance policy. Each year you must renew your policy by paying the premium. So, while selecting, you must go for the one that offers maximum options and comes with a reasonable premium. Once you buy one, you will be able to experience the benefits of having health insurance whenever the need arises. You can check out the health insurance plans by Cigna as it comes with several options that can highly benefit you and your dependents. Once you have a Cigna health insurance policy in your name and in your dependents’ name, you can make use of it whenever required. Cigna even provides tools and apps through which patients can easily access and check their plans and other related information. It even provides round-the-clock customer care services, so if you have any questions regarding your policy, you can contact customer care and get your issues resolved in no time. Cigna also offers specially designed health insurance for expatriates. You can check out the policy and the coverages that are included to know the benefits of having health insurance from Cigna. If you wish to put more options, you can do so too. Now, if you are an employer and you are looking out for a policy for your employees, then you can check out the plans offered by Cigna. The corporate plans are also created to offer maximum benefit to employees. Understanding health insurance policies by Cigna is easy. However, if you still have any doubt you can always contact us to get thorough assistance.
Health insurance is a legal agreement between a health insurance company and you. It includes a health plan that bears the cost of your medical expenses and helps lower the amount for the treatment that you would otherwise have to pay by yourself. Health insurance benefits are multifold, and it is essential to understand the needs and importance of health insurance for you and your family. Below are a few pointers on how a health insurance works, but they can vary based on the chosen health insurance plan and the hospital:
- Sum Assured and Premium: The sum assured or the amount of coverage of a health insurance plan is the maximum amount that you can claim from a health insurance company for the medical expenses, which may include health check-up, in-patient hospitalization, lab tests, pre- and post-hospitalization costs, surgery, rehabilitation, etc. Depending on the medical insurance plan you choose, you will have to pay a monthly premium.
- Core Benefits and Waiting Periods: The core benefits of a health insurance plan are the benefits that you can claim from day one. Some health insurance plans may come with a waiting period for some pre-existing conditions, maternity claims, etc. If there is a certain waiting period for a treatment or a claim, then the insurance coverage for that benefit will begin upon the completion of that period.
- Add-ons or Riders: Some health insurance plans offer the option to select additional benefits, such as dental covers, optical covers, maternity covers, etc., by having to pay an extra premium for them.
- Deductibles: Some medical insurance plans may have a deductible. A deductible is an amount that you need to pay out of your pocket, after which your health insurance plan starts to pay for your healthcare-related expenses.
Before getting the best health insurance policy, it is vital to know the importance of medical insurance along with its terms and conditions. If you are looking for health insurance, then you can check out various private health insurance companies in the UAE and choose the best health insurance plans for you and your family.
Benefits of health insurance
The benefits of having health insurance are many. However, to select an ideal one, you must know that there are different ways in which insurance policies work. Some health insurance providers reimburse the entire amount which was used for the treatment, and some provide cashless treatment services. If the policy offers cashless treatment, then the patient won’t have to pay any amount to the hospital as the insurance will cover the entire cost. The type of claims can differ from hospital to hospital as well. As a result, understanding health insurance is important before finalizing one. Most organizations offer health insurance to their employees and their dependents. However, if you happen to leave the organization, you will not be able to use the policy. So, if you are planning to leave your organization to do your own business, and so on, you must get a health insurance policy for you and your family. As the importance of health insurance cannot be explained enough, it is really necessary that you have one at the right time. For example, if you opt to get one at a later stage of your life, then you might have to go through a hold-up period. During such time if any emergency occurs, then you might have to end up spending your own money. So, understanding the importance of health insurance is necessary if you want to be prepared to face any unforeseen emergency. You will have to pay a premium to buy a health insurance policy. Each year you must renew your policy by paying the premium. So, while selecting, you must go for the one that offers maximum options and comes with a reasonable premium. Once you buy one, you will be able to experience the benefits of having health insurance whenever the need arises.
You can check out the health insurance plans by Cigna as it comes with several options that can highly benefit you and your dependents. Once you have a Cigna health insurance policy in your name and in your dependents’ name, you can make use of it whenever required. Cigna even provides tools and apps through which patients can easily access and check their plans and other related information. It even provides round-the-clock customer care services, so if you have any questions regarding your policy, you can contact customer care and get your issues resolved in no time. Cigna also offers specially designed health insurance for expatriates. You can check out the policy and the coverages that are included to know the benefits of having health insurance from Cigna. If you wish to put more options, you can do so too. Now, if you are an employer and you are looking out for a policy for your employees, then you can check out the plans offered by Cigna. The corporate plans are also created to offer maximum benefit to employees. Understanding health insurance policies by Cigna is easy. However, if you still have any doubt you can always contact us to get thorough assistance.
