10 Tips for choosing good health insurance

Tips for choosing health insurance

As an employee, you should prepare yourself with health insurance. Why? First, the cost of treatment is increasing the day and the disease can be approached anytime.

Secondly, health insurance will provide financial security guarantees when you are sick or in an accident.

Therefore, medical expenses in the hospital will be borne by the insurance company according to the contents of the agreement stated in the policy.

Well, from the many health insurance products circulating today, which one should you choose?

If you are still confused, here are 10 tips that will help you choose good health insurance.

1. Understand the types of health insurance products

Broadly, there are two types of products offered by health insurance companies, namely hospital Benefit and hospital cash plan.

The hospital benefit Insurance product provides a detailed reimbursement of the various costs we incur when hospitalized.

The claims system used is cashless or non-reimbursement; Usually payment of medical treatment in the hospital is done by swiping the health insurance card.

Meanwhile, the Cash Plan hospital is a type of insurance product that provides a change in the number of certain (nominal) in accordance with the agreement at the beginning of the contract.

For example, $10 per day when the customer is hospitalized, no matter how the actual cost incurred by the customer.

The claim system is reimbursement, that is, customers pay the cost of medication in advance which will be replaced by the insurance company after completing the reimbursement application form.

2. Tailor to your needs

Various health insurance products often make you confused so that you can choose the wrong health insurance and less suitable for your needs.

To prevent this, understand your needs and health history. After that, choose the appropriate health insurance and later relieve your financial burden and family.

Eko Endarto, the financial planner of Finansia Consulting provides advice, we recommend that you first collect about what kind of services you want and that fit your budget.

For example, you collect data about the cost of medication in the hospital and its facilities (e.g. VIP class with the cost of doctor visits $15 and other facility).

After collecting all the new data you'll find what health insurance suits your needs.

3. Know the benefits you'll get

Before you choose health Insurance, find out what you'll get.

For example, these benefits are the guarantee of the availability of funds needed to finance your health needs and the family as a customer. As such, you don't need to worry about health costs anymore.

Simply claim as well as show authentic evidence such as payment receipts then insurance companies will pay the medical expenses in the hospital.

Another benefit is that you will manage to finance well because you have to pay a premium every month.

In other words, you should set aside a salary as an employee for a premium payment as a reserve fund for your health.

4. Know which hospitals are working together and what type of treatment they are

In choosing health insurance, you should know which hospitals can receive claims from insurance companies.

We recommend that you choose an insurance company that can accept claims from all hospitals or hospitals that you can easily reach or near from where you live.

Make sure you know which hospital is working with your chosen insurance company and the type of treatment.

In general, there are two types of treatment offered by health insurance company Outpatient (out-patient) and in-patient.

There are also insurance companies that bear maternity and dental care costs.

5. Choose the premium that suits your financial condition

Cheap premiums and complete dependents are the dream of health insurance customers.

However, all you need to know is the more complete coverage given by an insurance company, the higher the premium you have to pay.

If you want to raise your health, choose insurance that will not throttle your finances.

Do not let you ignore health today because the basic needs are not fulfilled as a result of paying high premiums.

Therefore, you should purchase health insurance with your financial premiums. For example, you pay a health insurance premium of 10% of your salary.

6. See the credibility of insurance companies

Insurance is a long term product. Because it is long term, you should choose a credible insurance company.

The easy way is to look at their experience in handling health insurance services and their claim process.

Do not be tempted and quickly trust the cheap premiums offered with the benefits as well as a complete type of treatment.

Each insurance company has different types of care and premiums for its customers with the details of different coverage. All information is listed in your policy, so please read it carefully.

7. Thorough ease of claim

Many clients feel deceived because they have to pay a medical fee at the beginning. In this case, they actually take the insurance product with the reimbursement system.

Now, don't let you become a customer who feels harmed. Know carefully the ease of the health insurance claim system you will choose.

There are basically two types of claims system namely cashless and reimbursement. In a cashless or non-reimbursement system usually payment of treatment in the hospital is done by swiping the health insurance card.

While in the reimbursement system, health insurance customers are required to pay in advance all medical expenses incurred.

It is then billed to the health insurance company by attaching payment receipts from the hospital.

8. Compare with insurance products from other companies

The growing number of insurance companies that offer a wide range of health care products and benefits, should make you have more choices.

Don't just be stuck to one insurance company. You should look for information about other insurance companies and compare their insurance products.

The things you should look for in comparing the assurance products include:

• Monthly premiums
• Types of health care
• Claim System
• Providers or hospitals that work
• Other benefits offered by the company's health insurance companies

9. Avoid taking insurance through tele-marketing

Insurance agents who do recruitment of customers are usually done with face-to-face directly.

However, there is also an insurance agent that contacts potential customers by phone or tele-marketing. Due to the short time, insurance products cannot be explained in detail.

You should ponder, analyze. And looking for more information, before deciding which will take the offer.

If you have already become a customer and want to disconnect the contract, usually the collected premiums cannot be refunded.

Remember, if you do not carefully choose today, you will lose the next day. So, ask for a few days to think about, before you decide.

10. Choose Pure Health Insurance

If you need complete health insurance benefits but have a limited budget, you should have a stand-alone, pure health insurance.

Pure health insurance premiums are relatively lower than insurance plus investment. This is because the pure health insurance fund will not be used for investment purposes.

Cover

Choosing good health insurance needs a special strategy and should not be done in a hurry.

Try the ten tips above so you get health insurance that fits your needs and financial condition.

If needed, seek advice from your financial planner so that your choice is even better.