Top Family Health Insurance Plans for Andhra & Telangana Residents
Health insurance has become a norm and a need these days. With medical inflation on the rise, if you have a family to take care of living in the states of Andhra Pradesh and Telangana, you will surely feel the pinch. While the states have state-of-the-art healthcare infrastructure, accessing it can be expensive without the aid of a good insurance plan. If you are in the market to buy medical insurance for your family, here are some of the top family health insurance plans you should be looking at.
Family floater plan
If you are looking for coverage for the entire family, then nothing beats a family floater plan. It is designed for the health needs of the entire family. Here, the health insurance coverage is extended to the spouse, children, and your parents and in some cases, the in-laws as well. It offers all the benefits of an individual health insurance plan to all the members of the family. It can also be customized based on the needs of your family members because not all their needs can be the same. This can be done by purchasing add-ons. Coverage is provided across all age groups, right from newborns to senior citizens. Dependent children can be a part of the plan till they are 25 years of age.
What are the benefits of a family floater plan?
- Affordable: Buying individual health insurance for each and every member of your family can be a very expensive affair, even if you have a small family. Family floater plans are an affordable way to protect your entire family’s health and your bottom line as well.
- Convenience: Managing multiple health insurance plans can be a big hassle in terms of paperwork. When the time comes to pay premiums for each of these plans, it is very easy to miss one. And missing the payment of a health insurance premium is a big no-no. A family floater plan with one premium payment a year is a hassle-free way to handle your entire family’s health care needs.
- Sum insured: The sum insured in the family floater plan becomes a shared pool that every member of the family can dip into equally, as and when needed. This is advantageous because not every member of the family may need health insurance coverage in a particular year. Those who need it can use up all of it if need be.
- New members: You can add new members to your family floater plan quite easily. Many insurers allow the policyholder to pay an additional premium and add a new member within a policy term.
- Tax benefits: As with any health insurance policy, a family health insurance plan also comes with tax benefits under Section 80D of the Income Tax Act. You can claim a tax benefit of up to INR 1,00,000 depending on the age of those covered under the policy.
Senior citizen health insurance plan
If you have parents or in-laws who are senior citizens, a health insurance plan that is dedicated to their needs may be an ideal pick. Since seniors have more health care needs, including them in health insurance plans for family can deplete the sum insured rather quickly. Senior citizen health insurance plans are tailored to suit the health needs of those in their golden years. They are more susceptible to many diseases, including pre-existing conditions and critical illnesses. A senior citizen health insurance plan can provide financial coverage for these conditions in a better manner than standard health insurance.
What are the benefits of a senior citizen health insurance plan?
- Pre-existing conditions: One of the biggest worries when it comes to the health of a senior citizen is the presence of pre-existing conditions. Health insurance companies usually have a waiting period during which you can’t make a claim for treatments related to these conditions. But with senior citizen health insurance plans, your waiting period is either shorter or is completely done away with.
- Critical illnesses: Critical illnesses make themselves known as we age. The most vulnerable are the elderly. Senior citizen health insurance policies offer more comprehensive coverage when it comes to critical illnesses as opposed to a standard health insurance policy.
- Lifelong renewability: Senior citizen health insurance schemes have lifelong renewability. This means the health insurance can be renewed year on year regardless of their age.
Children's health insurance plan
Some children face a lot of health-related issues as they grow up. In such cases, a health insurance policy dedicated to the little ones can come in handy. These plans work along the same lines as an individual health insurance plan for an adult. Children between the ages of 3 months and 25 years are eligible for coverage under such plans. A parent will have to act as a policyholder or a co-policyholder in this case.
The most important point to note when looking for health insurance if you are living in Telangana and Andhra is the insurer’s network hospital presence in the states. They should have a large number of hospitals under them so that you have a smooth, cashless hospitalisation experience. This will ensure that you and your family members have hassle-free hospitalization.
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