5 Mistakes to Avoid When Getting Health Insurance

Getting sick or injured are two things that are sure to happen several times in your whole lifetime. Because of this, you have to be sure that you can get the medical treatment you require when you need it. 

Acquiring the right health insurance in the UAE is the best way to be prepared when you find yourself needing medical care or treatment. It protects you from the unforeseen high medical costs that come with treating your illnesses and injuries. 

Additionally, with good health insurance, you will pay less for in-network healthcare covered by your plan. Moreover, you will get free preventive care treatments such as annual checkups, screenings, and vaccines. 

Having access to these benefits, however, depends greatly on getting the right coverage. Because of this, you shouldn’t rush through the whole process of buying health insurance. You need to avoid the common pitfalls that will cause you to purchase the wrong product as well. 

To ensure you will purchase the right health insurance and get the most from your coverage, and investment, avoid the following mistakes:

1.    Skipping comparison shopping

Comparing various health insurance plans is one of the first steps you have to take when buying coverage. You have to find the best policy that meets your needs and budget. You can only do this by looking at the different products available. 

The easiest way to compare health insurance policies is to visit a comparison website. These online platforms will help you get quotations from different providers based on your requirements and budget. 

Aside from getting details about possible plans from an online comparison platform, ask your friends or co-workers about the products they have. Find out if they are satisfied with the coverage and the quality of customer service of their provider. Additionally, go online to read reviews about different companies and policies. 

These are the steps you should take after getting your quotations to be sure you will get the right plan. 

Although comparison shopping will take up a lot of your time, if you skip this step, you will get a product that may not serve your needs. It is highly likely you will get one that you won’t be able to afford as well.

2.    Getting only the basic or minimum plan

Many people choose to buy the minimum essential coverage to save money and for the sake of having a policy. This, of course, is not a smart move to make. 

By getting only the minimum essential coverage, you will end up being underinsured. Because of this, your policy may not be sufficient to cover your needs, particularly if you are critically ill or injured. 

In such instances, insufficient insurance coverage is as useless as having no health insurance at all. 

Additionally, find a way to get a plan that includes personal accident and critical illness rider, ambulance charges, and cashless hospitalization. By doing so, you will have a more complete, comprehensive health insurance that will see you through different types of emergencies. 

3.    Buying a plan that covers too much

Although going beyond the basic offers several benefits, you have to be careful about going overboard. 

Having access to several healthcare and medical services will help you in the long run. However, choose which ones to include in your policy carefully. These should be treatments that you really need and will use now or in the future. 

Having too much coverage will lead to expensive premiums. If you can’t pay your monthly fees, it will result in a lapse of the policy. All the payments you made will simply go down the drain. 

To avoid this costly mistake and save some money, think about your current health status and requirements. Next, choose a plan that covers the treatments and services you need now, and a few others that you think will come handy.

4.    Lying or concealing some facts about your medical background

Some people lie about or do not disclose certain illnesses or injuries for fear that the insurance company will reject their application, or they would be offered higher premiums. This is something that you should never do when getting health coverage. 

Concealing information or lying about existing medical conditions can cause your provider to reject your claim when they uncover the truth. As such, you should reveal all the information about your health history when getting health insurance. 

Although your medical history may raise your premium, your claims would still be honored since your provider will account for the additional risk when issuing the policy.

5.    Failing to read and understand the policy completely

Getting your first health insurance can be pretty exciting and fulfilling. However, it doesn’t mean that you should sign on the dotted line immediately without reading the plan. 

Neglecting to read and understand the terms and conditions of the policy can cause you to lose money in the long run. You may find out after years of paying that your monthly rate includes a service you have not and will never use. If you were aware of this during signup, you might have gotten your provider to remove this, thereby obtaining a lower premium. 

Additionally, never ignore the small print. This part usually covers the exclusions which you should be aware of. 

Understanding everything first is the key to being satisfied with your health coverage.

If you have questions about any of the terms and conditions or you don’t agree with something, don’t be embarrassed to talk to the insurance provider’s sales staff. 

Comparing health insurance companies and plans in the UAE, choosing carefully which riders and add-ons to get, and reading and understanding all the policy terms and conditions will take up a lot of time. But if you want to get the best plan and never worry about what will happen when you get sick or injured, make sure you do all these properly.

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