People undervalue the importance of getting a comprehensive health insurance plan. They depend on the funds and insurance that their employers provide. However, medical expenses are increasing in the modern world, which is not economical for you. As a result, it is advised that you buy a health insurance plan to cover you and your loved ones.
Do Pre-Existing Conditions (PEDs) Already Get Covered By Health Insurance? No. It is advised to purchase health insurance early in life because of this. Due to the lower risk of contracting diseases when young, doing so guarantees a lower premium and better coverage. You can learn more about pre-existing conditions and health insurance in this article. ##
What Exactly Is An Existing Disease?
The medical conditions an insured person already has when purchasing a new health insurance policy are known as pre-existing diseases. IRDAI defines a pre-existing disease as: a) any condition, ailment, injury, or disease diagnosed by a physician within 48 months of the policy’s effective date or reinstatement; b) any medical recommendation or treatment made by or obtained from a physician within 48 months of the policy’s effective date or reinstatement. #
Advice On Purchasing Health Insurance If You Have A Condition Already
Purchasing health insurance for people with pre-existing conditions can be challenging because each insurer has carefully crafted exclusionary clauses.
Examine And Compare Plans
Spend time looking into, comparing, and researching plans that specifically cover your pre-existing condition and offer enough coverage for your medical requirements.
Full Transparency
When purchasing the policy, be honest about any pre-existing medical issues to prevent future claim denials.
Reduced Waiting Time
Pick a health insurance plan with a shorter waiting period for pre-existing conditions to ensure you can submit claims more quickly.
Co-Payment Provision
Avoid health plans with a co-payment provision that requires you to pay a portion of the claim amount for these conditions. Find policies without this provision.
Healthcare Providers’ Network
Verify whether the health insurance program has a network of hospitals or specialists relevant to your pre-existing condition. Access to preferred healthcare providers can help you effectively manage your condition.
Review Client Testimonials
To learn more about how well the insurance plan covers and assists people with similar health concerns, look for reviews or testimonials from current policyholders.
Think About Additional Advantages
Look for extra benefits because they cover specialised care, prescription drugs, or wellness programs that can improve your general health.
Review The Choices For Yearly Renewal
Verify whether there are no restrictions or additional waiting periods for pre-existing conditions for annual renewals under the health insurance plan. This guarantees that your coverage for your situation will continue uninterrupted.
Why Is Declaring A Pre-Existing Condition Important?
You might wonder if mentioning any existing medical conditions is even necessary. However, it’s ideal to be open and honest in this situation. Review your medical records to ensure you’ve covered all the illnesses and treatments needed.
Subscribe to Bajaj Allianz General Insurance Youtube Channel here!
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
