How to choose the right health insurance plan for your family? Here are 6 key tips

livemint.com:

over 400 million people still have zero access to health insurance in the country.With numerous health insurance plans available, choosing the right one for your family can be a daunting task. Here are some crucial considerations to make an informed decision.Every family is unique, with specific health requirements.

The first step in choosing the right health insurance plan is to assess these needs.Age: Younger families might prioritise maternity and paediatric care, while older families might focus on coverage for chronic and critical illnesses.Medical History: If your family has a history of specific ailments, ensure the policy covers those conditions adequately.

Health insurance plans offer diverse coverage options. It’s essential to understand what each plan covers and what it does not.Hospitalisation: Ensure the plan covers hospitalisation expenses, including room rent, ICU charges, and surgery costs.Pre and Post Hospitalisation: Good plans cover medical expenses incurred before and after hospitalisation for a specified number of days.Day Care Procedures: With advancements in medical technology, many treatments do not require overnight hospitalisation.

Check if the plan covers such procedures.Maternity Benefits: For young couples planning a family, look for plans that cover prenatal and postnatal expenses, delivery charges, and newborn care.Critical Illness Cover: Some plans offer specific coverage for critical illnesses like cancer, heart disease, and kidney failure. This can be a vital add-on.The insurer’s network of hospitals is a crucial factor.