health insurance,health insurance india

1. Types of Health Insurance-
There are several companies offering various plans for getting your <a
href="https://www.icicilombard.com/health-insurance/family-
floater.cms">health insurance</a>but not all plans are suitable for you. Like
a plan designed for an 80 year old man might not be of any use for a man who
is 30. One should consider all the aspects of any plan before agreeing to its
terms. The plan should be chosen in a way that it reduces the premium
liability and gives maximum advantages. Though different insurance
companies sell their plans under different names, I’ll try to pick out the most
common types of health insurances and list them:
• The traditional health insurance- this was the simplest and most
commonly available type of health insurance which was offered by
medical insurance companies. It is very much similar to auto insurance
where the insured person is required to pay some amount as deductible
upfront and the rest of the bill is taken care of by the insurance
provider.
• The Fee for Service Plan- this one is the general form of health
insurance between the insurer and the insured. Here you have the
liberty to choose your own doctor or hospital as per your preference
and sickness. You can visit the doctor without the knowledge of the
health insurance provider. However in certain cases you need to check
with your insurer whether you are getting the benefits of your plan or
not before visiting the healthcare centre. There are a few drawbacks in
fee for service schemes as you need to pay a lot of deductible before
you actually start getting compensation from your insurance provider.
Like if your annual deductible limit is 700$ and you end up with
medical bills of 650$ then you are not going to get anything from your
insurance provider but my suggestion is to be prepared for the worst.
One should choose his doctor wisely too because if your doctor is
charging something that the insurance company thinks is more than
customary then they might ask you to pay the excess. Regular visits to
doctors for purposes like annual checkups are not covered under fee

2. for service scheme but these days insurance providers are including
these expenses too as prevention is better than cure.
• Preferred Provider Organizations- it is a contemporary form of health
insurance where you have the choices of health care centers given to
you by your insurance provider. Like a chain of hospitals in different
cities might have collaboration with any private insurance company
where you can go and get your checkup or treatment done at
discounted rates. Getting treated under the doctors falling in the PPO
network saves a lot of paper work hassles and means less co-payment
too.
• Health Maintenance Scheme (HMS) - under this type of plan you need
to visit only the doctors under this scheme falling in network or else
you will not get any compensation at all from your insurance company.
This is the most common type for regular health checkups and visits.