Types of Health Plans
HEALTH INSURANCE Listed below are four categories under which most of the health plans in the country can be classified. Basic Plans These are basic insurance plans that provide coverage for hospital stays longer than 24 hours. Typically, these also provide pre- and post-hospitalization coverage. These plans typically have sub-limits on costs like room rent. In some procedures, they limit the amount you are entitled to. Some of the plans additionally demand that you split the insurer's claim fees with them (Co-Pay). If you prefer to go to the most expensive hospitals, then do not go for these plans. The various sub-limits may be restrictive and you may end up paying a lot of money because of the various sub-limits imposed by the plan, even if your sum insured is not exhausted. Most of the plans restrict daily room rent to 1% of the sum insured. As a result, if, for instance, your sum insured is Rs. 2 lakhs and the hospital charges Rs. 3000 per night for a room, you will in...
