HEALTH INSURANCE AND YOU

Would my policy be renewed after I make a major claim? You would have to check the terms and conditions of the plan. There are plans that guarantee renewal, at the prevailing premium rates, regardless of the claim amount on your policy. What age would I be covered till? Most health insurance plans would cover you up to at least age 70. My company provides health insurance as part of employee benefits. Should I consider buying a health insurance plan on my own? The health insurance provided by your company would probably cover only certain expenses and have an overall claim limit. You may want to buy an individual policy to widen and increase your insurance coverage. Bear in mind also that your company health insurance cover usually terminates when you leave the company. I am already an owner of a health insurance policy. Should I buy another policy? It depends on what and how much your existing policy covers you. You probably should consider buying another policy if your existing plan provides limited coverage and low benefit levels. But you should be aware that in the event of a claim, the total reimbursements from all your health insurance policies cannot exceed the total claim amount. In other words, you are not expected to profit from your health insurance reimbursements. Whom should I buy my health insurance from? Different insurance companies offer different health plans. The differences are usually quite subtle and not apparent to the typical consumer at a glance. You should examine the plans carefully, and select one that best meets your needs and budget. Finally, it’s wise to pay particular attention to the financial strength of the insurance company. Always choose an insurer with rock-solid financial credentials. Nothing beats the peace of mind that comes with knowing your policy is underwritten by an insurer you can trust with your life. Click here to find out more about AIA Health Plans.

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