People often underrate the value of buying a comprehensive health insurance plan. They are dependent on their savings or insurance offered by the employer. However, this is not at all a wiser move with the increasing medical expenses. Hence, it is suggested to opt for a health insurance plan for yourself and your loved ones. The important question is-do health insurance plans cover pre-existing conditions?
If you already have a pre-existing condition, it is recommended to opt for a health insurance plan for pre-existing diseases.
First, let’s know what a pre-existing condition is in a health insurance plan. A pre-existing condition is that an individual already suffers while opting for a health insurance plan. This condition exists before paying the insurance premium. Conditions such as diabetes, hypertension, and heart disorders are considered as pre-existing diseases.
Effects of Pre-Existing Disease on the Health Insurance Plan
A pre-existing health insurance plan provides financial aid to patients suffering from any pre-existing ailment such as diabetes, hypertension etc. It is advisable for an individual to disclose his medical condition before getting a health insurance policy. Once it is disclosed that an individual has a pre-existing condition while applying for an insurance policy, three ways may affect the policy and premium.
Waiting Period: This is the duration for which an individual has to wait before the pre-existing disease is covered by the health insurance plan. The waiting period is different depending on the ailment and health insurance plan. Any medical bill that is incurred during the waiting period will not be covered by the health insurance company.
Premium +Waiting Period: There might be situations where the insurer may charge a higher premium and a long waiting period to cover an ailment.
Do’s and Don’ts in terms of Pre-Existing Disease
Before opting for a health insurance plan, there are certain do’s and don’ts that you must follow:
- Be sure to communicate with the insurance provider. The insurer might ask questions related to your medical condition.
- It is always advised to go for a health check-up as it will tell you about your condition beforehand.
- Do not hide any information about your medical condition with the insurance provider.
- Do not avoid analyzing the policies before buying. It is advisable to analyse any health insurance policy before opting for one.
Over to you!
An individual before purchasing a health insurance plan should inform the insurance provider about his medical condition. If you are thinking to buy a health insurance policy from Care Health Insurance (Formerly Religare Health Insurance), be sure to go through the brochure and know which type of medical conditions are considered as pre-existing conditions to avoid problems if the time comes to raise the claim. It is always advised to go for a medical check-up before opting for a health insurance plan.
Care Health Insurance (Formerly Religare Health Insurance) offers health insurance plans for pre-existing diseases such as Care Freedom-Health Insurance for Diabetes and Hypertension. It also offers Care Heart-Health Insurance for pre-existing heart illness.