With the increase in healthcare costs and incidences of health issues, it is more important than ever to get yourself covered with a health insurance plan. But what if your medical bills exceed the sum insured? Well in such cases, a top-up or a super top-up health insurance plan can come in handy.
A top-up or a super top-up insurance plan helps you cover any additional costs, once your base policy is exhausted. But the real question here is which one to choose - a top-up or super top-up health insurance?
Read on to understand the difference between top-up and super top-up health insurance. This will help you make a better decision while choosing your insurance policy.
Top-Up Vs Super Top-Up Health Insurance
- Meaning
A top-up health insurance plan is an indemnity policy that offers additional coverage when your comprehensive health insurance policy gets exhausted. However, it comes with mandatory deductibles, which means you can only raise a second claim after you have paid the deductible amount. Also, it only works for single hospitalisation after your base plan is exhausted. These are suitable for short-term expenses, sudden medical emergencies, etc. Hence, a top-up plan is best if there is no pre-existing disease in the family you can opt for a top-up plan.
On the other hand, a super top-up health insurance plan covers all the hospitalisation bills above the specified limits. This means you are covered for all chronic illnesses and will be reimbursed for all the medical bills you submit in a year. Also, you can customise the super top-up health plan, whereas a top-up plan cannot be customised. These are suitable for long-term treatment and chronic ailments.
- Number of claims
Under a top-up health insurance plan, you can only file a single claim above the deductible limit, and the deductible is paid on every claim. You can have cumulative bills during policy tenure in a super top-up health insurance once your base plan exceeds the deductible amount.
- Advantages
The following are advantages of top-up health plans are as follows -
- It gives you peace of mind even if you have filed a claim for the existing base health insurance.
- Enhances your coverage and renews your current policy.
- A family discount is also offered in some plans.
The benefits offered by the super top-up health insurance plans are as follows -
- Cover expenses related to multiple illnesses.
- Consider all the bills submitted.
- Covers medical expenses related to Covid-19
- Can be customised as per your healthcare needs.
- There is no room rent limitation.
The top-up and super top-up health insurance plan protects against any medical contingencies that might occur after claiming the base policy. However, both of the plans offer different benefits. Also, these are suitable for senior citizens undergoing several hospitalisations in a year. In addition, the premium for the top-up and super top-up is very affordable compared to a basic health insurance plan. However, you should not opt for a top-up or super top-up alone. Rather, you can buy comprehensive health insurance and the top-up plan in the same month to broaden the coverage.
Check all the policy details, compare different policy offers and make sure to pick the one that meets your specific needs.