Family Floater Policy Health Insurance For Staying Afloat
You took a bold step to move away from your family back in your tinsel town to a bustling city to make your dreams come true. The cost that you pay for this migration is often in terms of your healthcare expenses which only seem to be beaming skywards as you grow older and time passes by.
Investing in health insurance policies remains a viable option, but have you ever considered a policy that would be comprehensive enough to accommodate your parents, spouses and children all in one basket?
Family Floater Health Insurance is the product that offers a comprehensive cover; here are some common attributes of the products available in the market with the advantages they offer-
Hospitalization Expenses- Most of these insurance covers enable you to choose your own doctor and to decide whether to be treated in a public or private hospital. Right from the room rent, drug cost to the surgery expenses- all fall in the bracket of expenses covered. Most of the insurance cover encompasses the ambulance expenses that are reimbursed for the cost incurred before and after hospitalization.
General Treatment – This cover provides insurance against ancillary healthcare treatments like dental, chiropractic treatment, home nursing, physiotherapy; glasses and contact lens etc.
Parties Covered- The best part of the policy is that it extends to family members like parent in-laws. Also, childrens education benefit is covered in case of accidental death/permanent total disability of the policyholder.
Premium Paid- It gives a benefit on premium expenses, which if taken individually for every member turns out to be higher than the premium paid for a single family floater policy.
Tax Advantage Like all other health insurance policies, you can enjoy tax benefit under Sector 80D of the Income Tax Act.
Cashless Settlement of Claim- Invariably every insurance company will give you cashless facility which is imperative when the dues paid for hospitalization and other medical expenses cannot be paid by you or your family member .This facility ensures that your family members are free from the hassle of making arrangement for money in your diseased state.
Businesses are dynamic; mobility is need of the hour for most executives. Sometimes it demands you to stay away from the family for a prolonged span of time. What better way to ensure that your loved ones are rescued from the dreadful chaos that healthcare expenses can put on them than by taking a family floater policy?
The market is flooded with health insurance products and more often than not, the customers are victims of miss selling which has made them reluctant towards opting for these policies. Know the policies, understand your needs andchoose health insurance policiesonly after making an informed decision.
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