There is no doubt that good health and health insurance should be a priority for everyone. We all know how expensive medical care and treatments can prove to be when you fall sick. This can be incredibly taxing as not only are you not feeling well in the first place, but the added expense will cause a lot of stress.
Thankfully, the government does cover some of the costs of healthcare for the people of New Zealand, but that coverage is limited, especially if you have a major illness. So, what can you do to ensure you don’t have to pay out of pocket for any treatments you undergo?
This is where health insurance comes in. As you know, with a health insurance policy, you can have the provider cover the costs of your medical treatments and care, without you having to bear any extra expense.
You simply have to pay the premium on time and you are good to go. The costs covered under health insurance include, but are not limited to, private surgery, hospital care, and ongoing expenses. Moreover, the best insurance providers offer extended coverage for spouses and children. You can even receive coverage for additional treatments, like dental work, with proper health insurance.
However, not all health insurance policies are made equal. Though almost every provider claims they offer the widest and best coverage, if you go over the terms and conditions, there are major differences. Plus, it is next to impossible for you to understand the different terms that apply in case of medical emergencies.
All in all, you need to pay significant attention when selecting a health insurance policy. The best option in this regard is consulting an insurance expert.
The expert will provide you the guidance you require and suggest options as per your needs.
This will not only enable you to reduce the hassle associated with the process of selecting health insurance but also ensure that you receive coverage when you need it the most. However, even when working with a professional, you have to keep a few things in mind to make sure you make the right decision.
After all, the insurance expert will advise and guide you based on the information you provide. To make things a tad easier for you, here is a look at the things you need to keep in mind when buying health insurance:
Be Honest at All Times
First and foremost, you need to maintain open and honest communication with the insurance expert. Answer all the questions they ask truthfully, especially when it comes to any medical problems you already have.
Often, policies are rejected based on misinformation on part of the client. Moreover, there is a good chance your claims might be turned down if the insurance provider discovers you hid a medical condition at the time of applying for the policy. Therefore, it is crucial that you are honest with the insurance expert you are working with.
Often, people abstain from being honest because revealing medical issues at the time of application means paying a higher premium. So, don’t hide information in a bid to save money, because then you run the risk of your policy being voided later on.
Keep in mind that you will not receive the money you have paid to that point back. And this also holds true after you have applied. For instance, there is a chance you are diagnosed with a condition after you have applied for the policy.
In that case, you are responsible for informing the provider about the change in status.
Some people, in a bid to save a few dollars, deliberately hide their medical problems. This could get you in trouble and it is likely you won’t be able to find a decent health insurance policy later on. So, the bottom line is that you need to be truthful and open about your health status, as eventually, the company will find out if you misled them.
Provide Your Accurate Medical History
In addition to being honest, you have to provide an accurate medical history to your insurer. It is part of the procedure of applying for health insurance and something you should not ignore, at any cost.
At the end of the day, all you really need to do is call your doctor and get a copy of your medical history. Don’t be apprehensive as the insurance company is legally bound to keep your medical history private!
Pay Your Premiums on Time
Before you go ahead and sign the dotted line, make sure you can afford to pay the premium every month, on time. Even a single missed payment can result in your policy lapsing. Therefore, it is important that you keep this in mind before you actually apply.
These are some things you should consider when buying health insurance. By working with an insurance expert, you can ensure you cover all bases and get the best possible coverage.
If you would like a free, no obligation review of your current Health Insurance plan then please contact me on 021 283 5065, or book an appointment on my website http://samkodi.co.nz/contact/.