Planning a Family? Get to Know Your Health Insurance Policy

Planning a Family? Get to Know Your Health Insurance Policy Medical emergencies can be exhausting – not only physically but financially as well. They could range from regular check-ups to specialized tests to even treating pre-existing conditions. There’s a financial security that health insurance UAE can provide you with. And coupling that with the mandatory […]

Planning a Family? Get to Know Your Health Insurance Policy

Medical emergencies can be exhausting – not only physically but financially as well. They could range from regular check-ups to specialized tests to even treating pre-existing conditions. There’s a financial security that health insurance UAE can provide you with. And coupling that with the mandatory regulation to get medical insurance in UAE, makes it indispensable.

Getting the best health insurance plan for you and your family can be an easier process if you keep the following factors in mind.

Your budget

If you are starting a family, factor in the ad-hoc costs for your kids’ requirements. When you have to choose a health insurance, ensure you choose a policy not only based on the premiums you have to pay but also the coverage. Plans with lower premiums have limited coverage, and you might end up paying more out-of-pocket fees.

Coverage and exclusions

Find out exactly what each policy will cover, especially the maternity and labor costs. Consult an insurance broker who would decipher the fine print for you so you get to choose your cover wisely.

Terms and conditions

A pre-existing condition has a huge impact on your overall policy premium. Check the plans for policy terms regarding pre-existing illness. While some health insurance companies in UAE would cover them 100%, some may have a defined period after which they would be covered and other may have a ceiling amount that would be the limit for coverage for those conditions.

The network

Even if the geographical extent of your plan is all of the UAE, it might not specifically cover all the hospitals in the country. This makes it important to check a plan’s hospital before committing to it. It’s highly advisable to go for plans that cover major hospitals, and medical centers around your residence.

Your dependents

As soon as you child is born, add him/her to your existing medical plan. There are many plans that provide for a group cover. Opting for that can be more cost effective than purchasing an individual coverage for each member of the family. Alternatively, you can look at standalone policies to cover your children.

Review and compare

Thoroughly research all the available policies and compare each to find out what works for your situation and family conditions. Take the help of an insurance broker if needed, to understand the best plan for you.

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