Key Indicators of a Good Health Insurance Provider
When choosing a health insurance provider, most of us would probably look for organizations that offer the cheapest premiums available. However, like any other package, cheaper premiums could mean limited services or limited accredited physicians or hospitals. But a health insurance policy is an important investment and worth scrutinizing. The things you should consider when choosing a good health insurance provider are:
A timely critique of health insurance policies. This is probably the most important key indicator since it details the coverage a person can avail. This also dictates the amount of premium that you are asked to pay. For less expensive policies, it might only cover certain cases or hospitalization. More expensive ones can include annual and comprehensive check-up and dental care. It may also include consultation that can be availed of by your dependent. An oft-reviewed policy keeps up with the possible needs of consumers.
Some insurance companies may also stipulate in their contract or policy that even if your premium remains fixed, the coverage may increase. This is advantageous, especially because health services have a tendency to increase charges within a couple of years. Another advantage of a health insurance policy that is regularly reviewed is that coverage of services may be expanded. It may already include particular medical procedures like dialysis if it wasn’t included before. The insurer might also add other diagnostic procedures or services, like physical therapy.
List of Affliates and Accreditation
The insurer has a number of accredited physicians and hospitals or clinics. Having quite a number of accredited physicians and clinics means that you have more choices. And even if you contract a disease or condition — like diarrhea or food poisoning — while you’re on vacation, you can still avail of services that will be paid for by the insurer.
In addition, more accredited physicians mean that there is a doctor you can consult with even for a rare or uncommon disease. Take for example, a brain tumor. Not many insurance companies have an accredited neurologist or neurosurgeon. But if they have an accredited neurologist, then you don’t have to pay for consultations or follow-ups.
Insurance companies that offer inpatient as well as outpatient care to members. Some insurance companies only offer inpatient services which means that if you have a respiratory problem that does not need hospitalization, the costs you incur from recovering from your condition is not covered. This may include medicines or medical supplies. So you’ll have to opt for hospitalization for your expenses to be paid for by the insurance company. It is even possible nowadays to have a minor operation, such as removing a cyst or even a cataract operation, without being admitted to a hospital.
Health insurance providers that cover outpatient services also mean that the company covers more services, like diagnosis. Diagnosis can take the form of an MRI, CT scan or some other expensive procedure. It may also mean that rehabilitation or physical therapy is covered. Likewise, it’s advantageous to the insurer because it costs less than hospitalization.