At times, illness may be severe for any member of the family and may need hospitalization. The cost of quality medical care and instances of critical illnesses have increased the overall cost of recovery and not having a sound financial insurance is not smart. That’s when the need to select a viable health insurance plans for family rises.
If you don’t know how to select an apt health insurance plans for a family, this quick post will help you with some easy tips to do that.
Table of Contents
Why do you need good health insurance plans for the family?
➢ Keeps your protected from unexpected medical expenses
➢ Keeps at bay the high cost of medical services
➢ Health insurance plans for the family come at a lower premium
➢ Health insurance schemes also come with end-to-end medical expenses
➢ Can help you avail a simple claim process when your family is hospitalized
➢ A reputed health insurance company shall not reject your claims for any vague reasons

Vital tips to choose health insurance plans for family
1) Maximum coverage amount
The first thing that you should ensure while opting for health insurance plans for the family is the maximum coverage amount as the cost of medical expenses are high. A simple heart surgery can easily get billed at Rs.5 lakh or more.
Thus, depending upon the number of people in the family including some with pre-existing conditions and critical illness, you should select a coverage amount.
2) Opt for family floater health insurance plans
If you have a family, it is worth considering availing a family floater health insurance plan. These family health insurance policies come with lower premiums but cover even your entire family
3) Opt for a right assured sum
You should take the right assured sum as pre-marital status and age. People who are young in your family are less likely to fall ill and people in 60s+ are prone to diseases. What’s more, when you get married, the assured sum will need to be increased with consideration to the health of your spouse.
4) The lesser waiting period for pre-existing ailments
You should know that some of the health insurance plans for family cover pre-existing ailments between 2 years and more. Thus, before selecting an apt health insurance plans for the family, you should opt for one with a lower waiting period.
5) Maximum age renewal
The probability of people in their younger age may not need a health insurance plan. However, when you get old, your chances of using medical insurance increases. Hence, you should select a scheme which can help you renew the policy to a maximum of 70-75 years.
6) Higher claim settlement ratio
One of the major things that you need to see before selecting a viable health insurance plans for the family is the claim settlement ratio. If you opt for a health insurance company with a higher claim settlement ratio, it will help you get the claim amount superfast.
You can also avoid paying out of your own pocket until the claim is settled and the amount is disbursed against a claim.
7) Network hospital coverage
A majority of noted names in the health insurance sector keeps all major hospitals in your area and country so as to provide maximum network hospital coverage. Availing the services of key hospitals in your area keeps you on the track to recover fast.
The Bottom Line
Now you are aware of the tips that you need to know before selecting the health insurance plans for the family, it should now be easier for you to avail with best features.