by sanjay bist
Published Sun, Jan 29th 2017, 17:01 | Business
There are many times when a person needs medical attention but is unable to get the same. The simple reason for this is the lack of money that is available for healthcare in the country. Illness can rarely be predicted. One can say that an ailment may occur given the medical conditions or the lifestyle of an individual, but nobody can predict the exact illness that you can face. When a person does not have the money to pay for treatment, he/she tries to figure a cheaper treatment. However, given the increasing cost of healthcare, this is a difficult task. This further leads individuals to just avoid the treatment unless it is extremely needed. Health insurance providers have come to the rescue of people in the country.
There are many people who do not understand the importance of medical insurance. Health insurance providers in India are growing fast. Several insurance companies dealing in other kinds of insurance have also set foot into the health insurance market. The sudden growth of this market can only be attributed to the increasing realization of the importance of healthcare in the real world. Mediclaim providers aim at offering comprehensive policies that would cover an individual in their hour of healthcare crisis.
The medical insurance providers in India now offer plans that cover nearly any kind of medical problem that a person faces. With the increase in the number of insurance plans available, the competition is growing too. There are medical insurance plans that provide coverage for inpatient treatment, outpatient treatment, day-care procedures, and several other such facilities. All new medical insurance providers try to offer plans that can be used either on a cashless hospitalization basis or a reimbursement basis.
Medical science has made tremendous progress over the years. Unfortunately, the cost of this progress needs to be shared by the common man who most often cannot afford it. The main problem is that most major healthcare treatments are very expensive. People do not have the funds to pay for the same. There are numerous options of getting around this problem. But the main one is that individuals can easily get a health insurance policy which would enable them to get the treatment that is needed by them. The plans make sure that customers do not need to be worried about the payment of the treatment.
Health insurance providers bear the cost of treatment in exchange of a small sum of money known as the premium. The main point is that people need to become more aware of health insurance and the benefits of buying a mediclaim policy. There are numerous campaigns and steps that have bee
taken to promote this awareness. At the same time, it is also important that customers read and understand the plan before buying it. One should always be aware of the coverage provided by the policy.
Health insurance providers are also trying to change the way people perceive mediclaim plans-that they are of no use when the time comes. They have to make sure that customers can contact the company with ease regarding any grievance. This confidence has gone down and therefore insurance providers have a problem in gaining the trust of customers.The routes to access health insurance providers should be simple-calling, mailing, e-mails, SMS, etc. Customers should have the confidence that the insurance providers would help them whenever needed.
Health insurance providers try to create and improve their plans so as to meet the expectations of their customers. They not only bring changes but also make additions in their plans. The additional and optional covers help people in availing more benefits while undergoing treatment. Gifting your near and dear ones with a medical insurance plan is a good choice. It is better if people start early with their insurance plans.
With the festive times creating a lot of hustle-bustle, people are looking for the most innovative gifts that they can give. One of the finest choices is that of gifting a health insurance plan. The fact that you are looking for a gift and taking so much pain means that the person means a lot to you. A medical insurance premium is a small price to pay for the kind of value the gift has. When you gift an insurance policy, the recipient would not have to worry about handling healthcare costs at all. It is a fine choice and at the same times a different and innovative one.
The saying, what goes around comes around, is quite befitting here. The premium that you pay to buy this gift is actually exempted from taxes under section 80 (D) of the Income Tax Act. This means that while you have bought a special gift for someone, you also save on taxes payable for the same. The individual does not have to worry about spending too much money on the gift. One would have spent money in buying a gift. But with a health insurance plan, the gift has a lot more meaning to it.
There are a lot of people who think about investing money for tax benefits. You can actually club the gifts and get tax benefits for the same. Buying an individual or a family health insurance makes more sense when you know the kind of problems that the person may face. There are countless benefits of the health insurance policy. Securing a person's medical future is perhaps the best gift ever.
[Source: http://ezinearticles.com/?Health-Insurance-Providers-Are-Changing-the-Face-of-Healthcare&id=6770879]