There comes a time in life when you need to take a medical coverage. A challenge most people face is choosing the right medical cover them. Choosing the right cover becomes more tricky, especially if you are a person living with chronic diseases such as HIV or diabetes. Under such circumstances, you will need a medical cover that won’t only cover your medical bills, but also allow you to get your medication.
There are various health insurance covers that you can choose from. For instance, a Preferred Provider Organization (PPO) that gives you flexibility when you want to see a doctor or a specialist, or a Health Maintenance Organization (HMO) Health Insurance Plan that allows you to access preventive services such as checkups and immunizations.
Here are some of the things that you need to consider before you take a health cover:
One of the most crucial things that you need to think about before signing on the dotted line is affordability. Would you be able to pay the premiums and still have enough money that will cover some of your monthly needs? Also, how many people can you afford to pay for? Once you are certain all questions pertaining to affordability are adequately answered, then you can proceed to the next step.
- The type of health cover
The second factor that you should take into account is the type of health coverage that you need. The right health policy should cover all your health needs and those of your family.
- The waiting period clause
Almost all health covers have a waiting period clause, which stipulates when the insurer will be liable to cover your health needs. Each health cover has its unique waiting period that can vary from 6 to 12 months. So, always make sure that you read the fine print and confirm this clause with your broker before committing yourself to monthly payments.
- Claim process
Before you take a health policy, it is always advisable to ask your broker to go through the claim process with you. If you’re not satisfied with what the broker shares with you, search for online consumer complaints. You get a good idea of the kind of customer service your insurer will be giving you. An insurance company that has many unresolved claims should be avoided at all costs. As a consumer, you need a responsive insurer that won’t take long to settle your health claims.
- Maternity benefits
Lastly, find out if your health cover has any maternity benefits, if so, what do those maternity benefits cover? You’ll want a health cover that will leave and your spouse stranded when you are about to welcome a new member of the family. When the time to become a parent arrives, you, your spouse, and your newborn should be taken care of for the duration of the pregnancy, until the baby is born. After all, your health is one of the best gifts that life has given you, if you don’t make sure it is well taken care of, no one will. Still not sure what decision you need to take to make sure your health is covered? You can learn more here.