How to Increase Health Insurance Coverage?

The healthcare scenario these days is such that the costs of medical facilities are soaring high and at the same time there has been an increase in the number of diseases. Hence, you must avail a comprehensive health insurance plan to secure your health and to stay covered against different diseases. However, sometimes you may find that the coverage allowed under your health insurance plan is not adequate enough to cover all the aspects of healthcare that you are looking at. In such a case, you may seek to add more coverage under your plan. But, does your health insurance allow you to increase your health coverage? And how to increase health insurance coverage. Let’s find out!

How to Increase Coverage Under Health Insurance?

 

Well, we all know how important it is to have health insurance coverage. However, sometimes you may miss out on certain coverage under your health plan and seek to buy additional coverage. So, how do you do that?

If you feel that the coverage under your health insurance is insufficient, you may increase your health insurance coverage by the following ways:

1. Get the Sum Insured Enhanced at Renewal 

Renewal is the best time to increase the sum insured or coverage of your health insurance policy. Every health insurance policy needs to be renewed every year to get continued coverage of the plan. In fact, the option of enhancing coverage is offered by every health insurer to the policyholder during renewal. Hence, while renewing it the next time, just consider the aspects missing in your health insurance and add them.

2. Avail the Super Top-Up Plan

A super top-up plan can also be availed if you want to enhance your health insurance coverage. By availing this option, you can get coverage for healthcare facilities beyond the deductible limit. Further, the super top-up plan lets the policyholder enjoy overall enhanced coverage. It also supports the insured with tax deductions under section 80D of IT Act, 1961.

3. Health insurance portability

This is another way of enhancing health coverage. Hence, if you are   not satisfied with your existing plan and its coverage, you can switch to another health policy through portability. By porting you can make changes in the policy with the new insurer and get the sum insured in health insurance increased as well. However, in such a situation it depends on the insurer whether they allow you to increase the sum assured.

4. Buy family floater plans

Another option to increase your health insurance coverage is to opt for family floater plans rather than individual plans. The health insurance plans for family or the family floater policies are plans with wide coverage as it encompasses every dependent family member. Thus, families should choose the floater plans as compared to individual plans.

5. Buy the Suitable add-ons

To increase the coverage of a health policy, you may choose the right add-on. There are a number of add-ons available under health insurance policies which support increased coverage under your plan. For example, maternity add-on, critical illness cover, personal accident cover and room rent waiver etc. are some such add-ons.

6. Get No Claim Bonus (NCB)

NCB is a kind of reward offered by insurers to the policyholders for not raising any health insurance claims during a policy year. If you have earned NCB under your health plan, you can avail discount on your premium and may widen the coverage offered under your plan.

7. Purchase health insurance at an early age

Buying health insurance at an early age has many benefits including wider coverage. This is because if you buy a health plan early, you won’t have an increased risk of diseases and you will not claim any health insurance.  So, you may earn a NCB bonus. Also, being fit and healthy will let you avail a health plan at a lower premium rate.