Take time to review your options during opting for health insurance

Maybe you are already are a health insurance policy holder. But it is never too late to switch companies. Your health insurance provider many not tell you the time to time major developments and custom made plans which are introduced. Better to switch companies’ than being insured by a company that does not maintain transparency. You might not be aware but, re-shopping for your health insurance is actually possible. This might also help you to save a lot. Re-shopping is especially important to for coverage, when you are collecting a subsidy or potential qualifies for one, because a substantial amount of money could be left by you on the table. A through inspection is necessary before taking such a measure. Choosing a company which maintains a clean chit, reflected on its CSR (claim settlement ratio) index is highly necessary.

Claim settlement ratio

It is very important to know the claim settlement ratio of your mediclaim insurance provider. A very steady and every rising CLR is maintained by The Oriental insurance company.

·         Claim Settlement Ratio of Oriental Health Insurance in 2014-15 stands at 94.7%

·         While Claims rejected stands at 0.1%

·         Out of the Total claims settled numbered 6,92,720

The above data reveals how strict the Oriental insurance is in dealing with their customer’s health insurance, which being their primary concern.

Make sure you find a health plan that covers your preferred doctors

You must necessarily check if by the company covers all your preferred doctors or not. This is vital step. 4300+ hospitals are covered by Oriental insurance’s heath insurance, which is a surety to cover the hospitals near you. Some other things the Oriental insurance’s heath insurance provides covers for are:

·         Anesthesia

·         Blood Oxygen

·         Consultant

·         Doctor

·         Drugs

·         Diagnostic Tests

·         Dialysis

·         Laboratory Tests

·         Medicines

·         Organ donor hospitalization expenses

·         OT

·         Prosthetic limbs or devices

·         Pacemaker

·         Radio/Chemotherapy

·         Specialist Charges

·         Surgeon

·         Surgical and Diagnostic equipment

·         X-Ray and other vital necessities,

Make sure you’re enrolling in coverage that meets all of the Affordable Care Act requirements

Whether you purchase an individual or a family major plan under a health insurance provider it still affords you all of the same basic set of “essential health benefits” as well as meets all of the coverage requirements under the law. However, it is a major issue that a short-term health insurance plans or a plan providing limited benefits might not meet all of the coverage needs. This might leave you exposed to a tax penalty when you file your tax return in near future. Oriental insurance’s health insurance, however, has customized their plans to suit yourneeds. Additional add-ons and discounts to fit your budget come along with the plans.

Online availability

Choosing a health insurance provider who provides online facilities is a must. Comparing, buying and renewing your policies online can be done by you in no time at all, under Oriental insurance’s heath insurance. This company maintains complete transparency. Very convincing and affordable online renewal plans are available and the company also provides life long renew ability options.