Choose your health insurance wisely with a top-up facility

Medical emergencies can surface at any moment without any prior indication. Given that medical inflation is at an all-time high, top-up health plans can help you stay protected against medical emergencies. Health top-up plans are designed to cover the costs of a range of healthcare services if they are needed and not covered by your health insurance policy. With the best health insurance in India, you can get coverage for healthcare treatments that were overlooked or excluded from your current plan. Some people take these as an investment in their future welfare since they will never be surprised by an unexpected expense again.

Types of top-up plans for medical emergencies

There are two types of top-up health insurance policies in India:

• Top-up plan: This type of health insurance policy can be taken on an individual or family floater basis and provides coverage for expenses that exceed a certain limit, which is called the deductible amount. The coverage of the co-pay, pre, and post-hospitalisation expenses, ambulance charges, and daycare treatments are some of the features of a top-up health insurance plan.
• Super top-up plan: This is an enhanced version of the traditional top-up plans, where the policyholder can be reimbursed for sums that exceed the pre-defined deductible amount without any restrictions on the number of times one can claim. This type of health insurance plan provides coverage for a much higher sum assured when compared to a normal top-up plan and also allows policyholders to avail of discounts on premium payments. Furthermore, it also provides cover for pre and post-hospitalisation expenses, ambulance charges, daycare treatments, and more.

Benefits of a top-up plan for medical emergencies

Top-up health insurance plans are beneficial for medical emergencies because they provide an additional layer of financial coverage when you exceed your base health insurance policy’s coverage limits. This means that you won’t be left with large medical bills to pay out-of-pocket if there is an unexpected medical expense that goes beyond your base plan’s coverage limits. It is a new approach to healthcare that is coming over from the US. Many people have high deductibles and copays that make it difficult to cover the cost of medical care.

• Flexibility: Top-up plans allow you to choose the coverage limit that suits your needs and budget.
• Affordability: Generally speaking, top-up plans are more affordable than buying a separate health insurance policy.
• Comprehensive coverage: You can purchase enhanced benefits such as maternity coverage and critical illness cover with a top-up plan.
• Portability: You can switch your top-up plan from one insurer to another if you find better coverage and benefits with a different provider.
• No more uncertainties: Top-up plans provide a bridge between the best health insurance in India and individuals’ out-of-pocket expenses. This type of plan can help you avoid a lot of financial uncertainty if you want to save money on your premiums but still want basic coverage in case something comes up, like an accident or illness.
• Financial planning: Top-up plans allow you to pay an upfront fee to have a set amount of money available in your account at all times. If you are someone who has a relatively low monthly income and is always worried about the possibility of a medical emergency, top-up plans are the perfect solution for you.

Anyone who has experienced a family member or friend going through a health emergency will tell you that it takes its toll on both the person going through the emergency and the people around them. Top-up plans from the best health insurance in India can help with this by providing quick access to funds for emergencies without having to worry about not being able to get approved for loans or other types of credit in time.

Questions to ask yourself before you sign up for a health top-up plan

Planning ahead for a medical emergency is one of the best ways to help prevent financial disaster and the best health insurance in India helps.

Many things need to be taken into account if you want to make sure you have the best top-up health insurance plan for emergencies.

• How much money do I have in my account at this moment?
• What type of plan should I choose: Additional or Top-up only?
• What additional benefits should I go for?
• Does this plan come with good customer service?
• Is there an option for me to get reimbursed if the company goes out of business whilst I’m using their services?

However, some top-up plan providers just offer a limited number of benefits which can be frustrating for people who want more coverage and better peace of mind.

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Tips for choosing health top-up plans

Listed below are some aspects that you should factor in while if you are eyeing the best health insurance in India-

• Benefits – Before applying for a top-up plan, you should check the benefits whether the benefits that the plan offers are sufficient for various kinds of treatments and expenses that you foresee or not.
• Deductible limit – The policyholder would pay the deductible at the time of claim before the insurer settles the remaining claim money. Before buying a top-up plan, you should check that the deductible of your health insurance top-up plan must be close to the sum insured by your health insurance plan .
• Coverage – Before buying top-up plans, you should check the medical history of your family members, and the city where you live would also help in deciding the coverage plans.
• Pre-existing ailment cover – Mostly, insurance policies don’t cover pre-existing ailments, so you should choose a plan which covers your pre-existing ailments as well.
• Restrictions – You should check the restrictions that are imposed on your top-up plans as sometimes some restrictions, such as sub-limits, can restrict the coverage available in the policy.

When you choose the best health insurance in India, you know you have a financial safety shield that covers medical expenses and protects you and your family in medical emergencies. These medical emergencies could be hospitalisation costs, car accidents, medical bills, the cost of medicines, doctor consultation fees, and so on. Top-up health plans are cheaper and better than basic insurance policies. Top-up plans are like boosters of health insurance coverage.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales