Web Event: Look Beyond Tax Savings In A Health Insurance Plan

Web Event: Look Beyond Tax Savings In A Health Insurance Plan


One of the most common mistakes that people make is to buy health insurance plans only for tax savings You need to buy health insurance regardless of tax benefits While buying a health insurance policy find out how it is dealing with pre-existing diseases Health insurance policies cover your pre-existing diseases after a span of time like 2, 3 or 4 years Opt for a medical insurance policy with least restriction in this matter Keep an eye on the cap on the hospital room rent by the medical insurance plan Remember, your health insurance plan should be able to easily cover your hospital room rent Look out for health insurance policies that restore the sum insured even after making a claim Also, look out for incentives that the health insurance policy offers for not making a claim There are policies that will give you 100% of sum insured as incentive for not making a claim In health insurance plans, find out the benefits you will get for the premium you will pay It is equally important for you to know what your health insurance policy will not cover You get different tax deductions for the health insurance premiums you pay for yourself and parents Don’t buy a health insurance plan where you don’t know it offers besides just saving tax

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