Five things before buying health insurance
Why do you need health insurance?
There are a few things that cause someone to need health insurance.
A person needs health insurance to protect themselves from financial risks arising from falling ill. Imagine if someone does not have health insurance, how much cost do you have to spend on the cost of health whose value is always increasing each year?
Financial risks that can arise due to falling ill such as switching education savings or holiday funds for medical expenses. As a result, future plans are already prestigious, threatened not to be achieved. Other financial risks such as one must be owed because the savings are insufficient to cover the cost of treatment. In fact, one can also sell assets to cover medical expenses. Consequently, a person becomes bankrupt because his money is depleted for treatment.
Things to note when buying health insurance
For the first time you will buy health insurance, there are a few things you need to keep in mind :
Know your needs
Those of you who already have health benefits from the office, must have different needs with those who are entrepreneurial. So, first you need to calculate how much funding needs to be needed if it falls ill. In this stage, please also note the cost of hospitalizations as well as the average increase in medical expenses.
If the health insurance that you want to buy is in addition to the health facilities provided by the Office, then you may want to seek less personal health insurance benefits. Different if you are looking for health insurance as a primary health protection, then look for greater benefits. You can get products to suit your needs in the various health insurance offerings of PT Asuransi Cigna.
Understand the products and policies you're buying
Understand the insurance product you want to buy. Do not let you buy a cat in a sack, aka you are not familiar with the benefits of health insurance products to be purchased. You can request an explanation to the insurance agent until you believe the purchased product is as needed.
Some of the things that need to be asked are, the types of diseases covered, exceptions or diseases that are not covered, the maximum age limit of policy coverage, the maximum age limit to the policy, grace period, waiting period. Grace period is the grace period given to customers to pay the premiums before the policy ends or lapse. Meanwhile, the waiting period is the waiting period before the active insurance policy. Before waiting period, customers can not submit a claim of illness. Currently, Cigna Health Insurance provides a 30 day grace period, with various waiting period ranging from 15 days to 2 months.
Know the ability to pay premium
After knowing the number of needs, customize your finances with the ability to pay monthly premiums. Financial planners generally recommend allocating funds for insurance, investments, and savings of 30% per month.
Choose an insurance company that has stood for more than two years and has a good track record. Also check the insurance company's financial health by looking at risk-based capital (RBC) ratio, which is the ratio between capital adequacy to claims, where a healthy insurance company indicator is to have a minimum RBC of 120%. You can check the track record and health indicators of the insurance company either through the company's official documents or news in the mass media.
Choose an easy claim process
It is also important for you to cogitate in terms of an easy claim process. It can be seen from the payment method provided. There are currently several claim payment methods offered by insurance companies, ranging from reimbursed, cashless, to cash plan. Choose the one that best suits your needs. So, when a client suddenly hurts and doesn't have enough cash, you can easily swipe through the health insurance card.
Also consider the customer service that is ready to assist your claim process. This is important so that when you suddenly enter the hospital, you can still undergo treatment calmly.
That's five things to note before you buy health insurance.