Comparing health insurance plans- do you know how to do it?
The market is saturated with different varieties of health insurance plans. Whether we talk about basic health plans, defined benefits plans, disease-specific plans or senior citizen plans, the platter is overfilled with choices. With about 20+ insurers competing for business, you couldn’t have asked for more varieties. As a result, comparing between the plans before taking a buying decision is the most obvious thing to do and since online aggregator websites are also aplenty, this comparing becomes much easier and convenient. Gone are the days when one used to depend on the health plan peddled by a family agent. With so many options available, who would forego the choice of choosing the best?
We, at turtlemint.com, a dedicated insurance comparison portal try to make your life easier by providing the best possible options suitable for your needs. This is taken care of by specially designed algorithms, which determine the best plan that matches your needs, so that you don’t have to really worry about which one to choose.
Do you compare your health plan before buying it?
If you do, what are the parameters of your comparison? The first thing which must have jumped out from your mind would be the premium, isn’t it? Premiums are given the majority weightage when comparing between different plans, which, unfortunately, is wrong. Do you compare apples to oranges or apples to apples? Apples to apples, is it? But aren’t both fruits? Then why not apples to oranges?
If comparing apples to oranges is foolish, how can you compare different health plans based only on their premiums? What about their coverage features? Do you ever compare the plan features or are you too busy saving your pockets to look at the coverage extended. If you don’t, you are making a mistake. Buying a health plan requires a comparative analysis between the plans available and the analysis parameters should include the coverage features. If you don’t know what to look for, here are the important points:
I agree that saving money is important but isn’t it the whole crux of buying a health insurance plan. If saving premiums save money, doesn’t getting a complete claim settlement also save money? A cheapest plan might be appealing initially, but when you incur a claim, the plan might fall short of meeting it entirely. Would the cheaper plan still look the best? A plan with a comprehensive coverage compared on all the above parameters is better, though a tad bit dearer, if you want to enjoy an all-inclusive coverage and put your mind to rest. If you still feel saving a couple of thousands on premiums is more important, good luck with your claims!
All you need to do is to compare it on https://www.turtlemint.com/health-insurance by entering your basic details and then choose the plan which best suits your needs. After you compare and select, just click on I’m interested and then select Apply Online tab to buy the policy online.
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