Know The Essentials Of Health Insurance

We list the 5 most important aspects to know before you sign up for a health insurance plan in Nassau County.

Are you about to buy a health insurance policy? Read the following facts before you do:

1 You do not pay extra for renewal if you have made a claim the previous year.

Most people believe that if you have made a claim against your Health Insurance Nassau County policy in the previous year, then you must pay more while renewing the plan the following year. This is known as 'claims-based loading' on the policy, and it was allowed till about the year 2016. Now, insurance regulators stipulate that such loading may not be levied on customers. Any increase in policy premium is to be based on a larger set of factors and intimated to each customer.

2 There are sub-limits/caps imposed on room rent, which has a bearing on the claim amount.

When taking the health insurance policy, you will come across the term 'sub limit' or 'capping'. This broadly refers to the maximum amount of money that the insurance provider pays against the hospital room charges. The provider will cap the room rent at a certain amount of money, and not pay the additional charges when you file the claim for it. For instance, suppose there is 1% room rent capping against the sum assured of Rs 5,00,000. You rent the room at Rs 9,000 per day, but the sub-limit is fixed at Rs 5,000. So, the insurer will pay Rs 5,000 and not Rs 9,000.

3 The plan will generally not cover certain items - check these beforehand.

Though most health insurance plans offer a daily cash allowance, certain items are not allowed in the claim. These include food items and other consumables, bandages, gloves, water bottles, toiletry items, etc. Check all inclusions before you sign up.

4 Policy porting is now allowed in Nassau County.

Just like you can port your mobile phone number to another operator and transfer your home loan from one bank to another, you are also allowed to port your health insurance plan from your current provider to another one. However, you can do this only at the time of policy renewal. Customers porting their health plans also get to carry forward the credited benefits from the policy to the new policy. Do note that some clauses and inclusions may change, since no two policies from different providers are entirely identical.

Other than this, you can also avail Prescription Drug Plans Suffolk County or Dental Insurance Nassau County online at affordable rates.

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Mike Joined: December 10th, 2018