It should be your top priority to choose the best health insurance plan for you and your family. There are so many health insurance companies to choose from, so it's often not so easy to zero in on the best one. There are some benchmarks you can set for yourself before deciding on your company. One of the first decisive points in selecting the best insurance companies would be the overall rating of the health insurance companies that you have to choose from.
If you come across a 5-star rating earned by an insurance company, it may be one of your prime choices. You should not stop at that. You must look into the nitty-gritty of the terms and conditions of their policies. You should compare this company with other companies which may not have such high ratings but upon enquiries, you might find them more preferable. Always choose an insurance company based on a thorough study of customer reviews and feedback about multiple companies.
The best company in terms of the claim settlement process may be one of your select choices. You will like to be associated with health insurance companies that don't test your patience when it comes to settlement of claims. Here also, you will be guided by the company's rating for claim settlement. If it has more than a 4-star rating for claim settlement, that means a lot. It means people have voted for this company on account of its hassle-free claim settlement process.
The pricing is also something you should take into consideration while choosing a health insurance company. There are companies which have affordable premiums but there should be no compromises regarding the features of the insurance plans and coverage amount. You should look at the surveys on consumer satisfaction regarding the cost of insurance in terms of premiums to be paid and a speedy claim settlement process.
Only a low premium should not be your consideration while picking a health insurance company. You should also look upon the quality of coverage that comes as your money's worth. You should make sure whether the insurance you're buying covers the expenses on medical emergencies adequately. You should seek to know whether the company covers pre-existing diseases and what the waiting period is.
Every health insurance company has a network of hospitals under its wing where you'll be getting cashless medical care. You have to enquire about these hospitals in terms of their number, presence in your city, their infrastructure or brand preferences and so on. Look for the exclusion clauses which may include treatment of certain diseases such as cancer. Many companies don't cover cancer treatment or cosmetic surgery.
To bring them in the loop, you have to pay some extra premium or go for add-on payments. If you have any doubts regarding this, make some enquiries and expel all your doubts before signing on the dotted line. Finally, your budget should be your deciding factor. Also, you should analyze the sum insured that you want for your policy. These are vital considerations that you should keep in mind.