Personal Medical Insurance

Medical Insurance, most of us working class feel this is the duty of our employer to provide and some lucky people also get medical Insurance cover of their parents provided by their employer and some people have to pay to the employer to cover their parents. But that's about it, that's all what we think is sufficient to cover all our needs related to Medical Insurance. 

IS IT?

How much does your employer cover under Medical Insurance? 
If you are in the government services, quiet a significant amount is covered but all those in the private sector have limitation imposed on them which is mostly floater policies covering the family for anywhere between 2 to 10 Lakhs depending on your position and the employer.

Is it Enough?
A normal procedure in an good reputed hospital can cost you anywhere between 50000 to an unlimited amount and god forbid if any member of your family meets with an emergency and you have to bear the expense for the remaining amount, will you be able to bear the need over and above your normal cover, in case you have it.

Are all Hospitals in your area covered by the insurer provided by your Employer?
Do i need say more, have you even scanned through the list of all the Cashless Claim Hospitals in your area, do you think the important ones are covered or are their some Gaps, what about the list of hospitals in your hometown in case you need it there. 

What if you change the Employer, are you sure he will have the same coverage as the one provided currently by your existing employer?
Do you plan to change your employer in the near or far future, what if the employer is a good paymaster or is closer to your home but does not have any insurance coverage or very low insurance coverage, do you think you can still live with this.

I have a suggestion, do look carefully in whats covered and whats not and don't treat Medical Insurance as just another tax saving vehicle, assess your needs and coverage requirements carefully.

I would suggest apart from the insurance of the Employer, each person should also buy atleast one additional Policy or at a minimum a Top-Up plan for the medical Coverage on your own. 

Just to give you some of the benefits of an additional Mediclaim Insurance Policy - 
  1. You can Choose a provider and cover your family for any additional Risks.
  2. In case you are admitted to an hospital and you have an employer provided policy of 2 Lakh Rupees and your bill is 2.5 Lakh Rupees, you can always claim the remaining amount from your personal policy, this is possible in India and hence reduce the burden on your self.
  3. Your Personal Policy can last beyond your Employer i.e - 
    1. What if your employer changes policy and ceases to provide Medical Coverage?
    2. What if your New Employer does not provide any medical Insurance?
    3. What if the Employer Insurance does not cover the specific Hospital recommended by your doctor?
    4. There is a less likely chance of you getting medical insurance in the later year that earlier, the earlier you take the better?
What is Top Up Plan i mentioned Above - 
Unlike mediclaim policies, top-up plans have a limit only above which you can claim also know as the Threshold Limit or Deductible amount. When you buy such a plan, you have to choose what deductible amount or threshold limit you want to apply, which is usually the amount your existing policy can cover. For example - 
If the mediclaim policy provided by your employer is for 2 lakh INR and you get admitted in a hospital for a procedure and your bill is for 4 lakh INR, you would normally have to pay from your pocket but in case you had a topup cover of say 5 lakh INR, than you would have 2 lakh INR as a threshold or deductible limit that would be paid by your Employers or your Mediclaim Policy and and the remaining 2 Lakh INR would be paid by the top-up Policy. In case, you did not have a base policy, you would have to bear the 2 lakh INR bill and top-up policy would cover the amount beyond that.

So to Sum it up, please do seriously think about the Medical Insurance needs, which is in today's world a more likely Risk.
 

37 comments:

mobile app review sites said...

Medical insurance is a very important and responsible side of life. Unfortunately not in all countries this system works correctly. There are many pitfalls that make it impossible to take advantage of all the benefits of health insurance.

Riya Tiwari said...


Nice blog and content
Capitalstar

segurodesaludydevida said...

Usted ha compartido aquí un artículo muy informativo sobre el seguro médico personal. Después de leer su artículo, obtuve mucha información sobre el seguro médico personal y resolví muchas de mis dudas. Si alguien busca Mejores planes de seguro de salud, visite segurodesaludydevida

apply new pan card said...

I must express some thanks to you just for rescuing me from this problem. Just after scouting through the the net and meeting advice that were not productive, I was thinking my entire life was done. Being alive minus the answers to the problems you have sorted out by way of your entire post is a critical case, and the ones which may have in a wrong way damaged my career if I had not come across your blog. Your personal expertise and kindness in controlling all the details was excellent. I am not sure what I would've done if I hadn't encountered such a solution like this. It’s possible to now look ahead to my future. Thank you very much for the impressive and results-oriented guide. I will not think twice to refer your web site to any individual who should get counseling about this topic.

yanmaneee said...

christian louboutin
calvin klein outlet online
nike cortez women
fitflop sale
vapormax
birkin bag
off white
nike shox for women
jordan 1 off white
hermes belts

Muhammad Rafey said...

Some truly wonderful work on behalf of the owner of this internet site , perfectly great articles . Buy CBD Gummies Online

FM Financial Group said...

I have read your post and got it quite informative. I couldn't find any knowledge on this matter prior to. I would like to thanks for sharing this article here. Tampa Health Insurance

Joseph Mikel said...

You have shared a nice article here about the Personal Medical Insurance. Your article is very informative and useful to know more about the Personal Medical Insurance and Health care pricing. Thanks for sharing this article here.

Unknown said...

Dearest Esteems,

We are Offering best Global Financial Service rendered to the general public with maximum satisfaction,maximum risk free. Do not miss this opportunity. Join the most trusted financial institution and secure a legitimate financial empowerment to add meaning to your life/business.

Contact Dr. James Eric Firm via
Email: fastloanoffer34@gmail.com

Best Regards,
Dr. James Eric.
Executive Investment
Consultant./Mediator/Facilitator

Cover 4 Less said...

Thanks for nice and informative post. Cover all your Kitchen Appliances insurance under ONE simple policy. For the more details you can visit on appliances insurance UK

Daneel Matthew said...

Great post, it was nice to see this article. It was really appreciable. Thank you so much for sharing such an informative article.
Cheap Medical Insurance

Flora shawn said...

i was once living on the street where by things were so hard for me, even to pay off my bills was very difficult for me i have to park off my apartment and start sleeping on the street of Vegas. i tried all i could do to secure a job but all went in vain because i was from the black side of America. so i decided to browse through on my phone for jobs online where i got an advert on Hackers advertising a Blank ATM card which can be used to hack any ATM Machine all over the world, i never thought this could be real because most advert on the internet are based on fraud, so i decided to give this a try and look where it will lead me to if it can change my life for good. i contacted this hackers and they told me they are from Australia and also they have branch all over the world in which they use in developing there ATM CARDS, this men who were geeks and also experts at ATM repairs, programming and execution who taught me various tips and tricks about breaking into an ATM Machine with a Blank ATM card.i applied for the Blank ATM card and it was delivered to me within 3 days and i did as i was told to and today my life has changed. there is no ATM MACHINES this BLANK ATM CARD CANNOT penetrate into, because it has been programmed with various tools and software before it will be send to you. i know this is illegal but also a smart way of living Big because the government cannot help us so we have to help our self. if you also want this BLANK ATM CARD you can contact these Hackers at
email: skylinktechnes@yahoo.com whatsapp: +1(213)785-1553 or website: https://skylinktechnes.wixsite.com/info

Laura Bush said...

Great post here we got informative information about the health insurance. as we also have a plan of health insurance. we provide especially in Miami city for more info you can visit our website. Health Insurance Best Price

Chemstar Corporation said...

Gracias por compartir este increíble blog con nosotros. ya que también ofrecemos el mejor plan de seguro de salud a precios asequibles. para mas información visita nuestra pagina web Planes de seguro de salud

enterate said...

Impressive blog and you have shared helpful information about health. as we provide health insurance at affordable prices. Planes de seguro medico

Pain Stop Clinics said...

It was really a nice experience to be on your blog. painstopclinics.com is one of the best Pain Stop Clinics who provide the quality pain management services. To know more visit here Pain center S. Scottsdale AZ

Miami Village Medical Practice said...

I agree with a lot of the points you made in this article. If you are looking for the Gold Coast Medical Centre, then visit Miami Village Medical Practice. I appreciate the work you have put into this and hope you continue writing on this subject.

The Pines Family Practice said...

Hi there to everybody, it’s my first go to see of this web site; this weblog consists of awesome and in fact good stuff for visitors. Hurrah, that’s what I was
exploring for, what stuff! Existing here at this blog, thanks admin of this web site. You can also visit elanora doctors for more The Pines Family Practice related information and knowledge

G-Smith said...

You have done a great job i hope you will do much batter in the future Work from home as a Forex trader

Jersey Urology Group said...

I am glad to read this post, it's a good one. I am always looking for quality posts and articles and this is what I found here. as we provide vasectomy near me at affordable prices. for more info visit our website.

Best said...

I'm glad to see the great detail here!. ebook systeme delivrance

Saqib Khatri said...

Wow i can say that this is another great article as expected of this blog.Bookmarked this site.. le miracle de la grossesse prix

Muhammad Rafey said...

I can see that you are an expert at your field! I am launching a website soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business. click here

Mehak Khan said...

This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. comment j ai gueri du diabete type 2

segurodesaludydevida said...

Solo lee tu blog, bueno. Me gustó. ya que brindamos seguro de salud a precios asequibles. para mas información visita nuestra pagina web Planes de seguro de salud

hack said...

Do you want to mine, generate or know more about bitcoins? the contemporary crypto currency bitcoins is a decentralized digital currency without a central bank or single administrator. Bitcoin mining and generator has been criticized for its high electricity consumption, price volatility and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin. Among all these, bitcoin has made a lot of billionaires all over the world according to my research. Surfing the internet, i came across this amazing website to mine and generate bitcoins easily (https://bitcoinzone.cash/btc/) and i made over $100,000 with ease.
You all can check it out and comment below.

painstopclinics.com said...

Really very happy to say, your post is very interesting to read. I never stop myself to say something about it. Get the Interventional Pain Management & treatments by Pain doctors Gilbert AZ.

Best said...

Thanks for providing recent updates regarding the concern, I look forward to read more. destructeur diabete type 2

Best said...
This comment has been removed by the author.
SIGURON GmbH said...

wundervolle Post !! Dank an uns geteilt. da wir die beste Krankenversicherung zu erschwinglichen Preisen anbieten. Weitere Informationen finden Sie auf unserer Website Private Pflegezusatzversicherung Vergleich

Laura Bush said...

Just read your blog.Good one. I liked it. as we provide Best Medical Insurance Plans at affordable prices. for more info visit our website.

enterate said...

Buen post, impresionante. Es muy diferente de otras publicaciones. ya que brindamos seguro de salud a una tarifa barata. para mas información visita nuestra pagina web Costos médicos miami

FM Financial Group said...

Great article, very useful and explanation. Your post is extremely incredible.choosing life insurance

jassibush said...

Es genial encontrar un blog, un pantano muy informativo. gracias por compartir Seguro de Vida con plan de retiro

Pain Stop Clinics said...

Great post, please keep on sharing amazing article like this! It makes me happy reading your post. Looking for the Pain center Surprise AZ then you are looking for the painstopclinics.com.

enterate said...

Hai pouco atopei o teu blog e estiven lendo. Ofrecemos un plan de seguro de saúde a prezos accesibles. Para máis información visite o noso sitio web Seguros de salud baratos

jassibush said...

I read this article, it is really informative one. Your way of writing and making things clear is very impressive. Thanking you for such an informative article Health Insurance Thailand