In a world where inflation has impacted almost every lifestyle, and rising costs are to be expected each year, the world of healthcare and other medical facilities is no stranger to inflated prices. Rising costs of primary health care can place quite a heavy burden on most people’s wallets.
In case any advanced medical care or hospitalization expenses are extensive are necessary, the burden of finances grows even more intense. In some unfortunate cases, funds that had been put aside for a long-term financial goal are spent on unexpected medical emergencies.
During times like these, having a health insurance plan that is specific to one’s goals is not just helpful, but quite essential. A health insurance plan can come with extensive coverage at times of any medical emergency while also serving as a contingency that can protect your painstakingly grown savings corpus. Although the needs that requirements you may have from a health insurance plan are different each time, a significant premium may be asked of you. To maintain your plan, you may be required to shell out hard-earned savings.
1. Shop Around for Cheap Health Insurance
Remember that insurance providers are competing for your business by shopping around for policies. It is acceptable to tell a representative what other insurance providers are offering along with the premium cost.
2. Talk to Your Employer
Schedule an appointment or make a telephone call to your employer to request information on group plans. Most companies offer insurance plans that are affordable along with deducting the cost of a premium from a paycheck each week or month.
3. Maintaining a Healthy Lifestyle
One of the best ways to save on health insurance premiums is simply to maintain a healthy lifestyle. A healthy lifestyle affords you many benefits like cutting down on overall medical bills. The benefits you can accrue from your overall lifestyle being in your control will be greater than any of the aforementioned tips.
4. Buy Early
Investing in your health insurance plan as early as you can is imperative as it gives you the biggest leverage when it comes to saving on premium costs: the leverage of time. Time allows you to build up a sufficient corpus through moderately priced premium payments, depending on the policy you select. Ensure you compare the variety of features, be it individual health insurance or family health insurance, so you can make an informed decision about your specific needs
5. Opting for family floater schemes
Family floater schemes offer joint healthcare coverage for you, your dependent spouse, and your dependent children. The coverage points are also extensive and the payable premiums are low in comparison to a directed, individual cover.
6. Choosing top-up options
If you feel that the coverage offered by the plan is insufficient, then you must choose a top-up option, instead of choosing a new policy altogether. This means that you will pay only for the top-up features and not for an entirely new health plan.
7. Choosing no-claim bonus
Many health insurance providers offer the benefit of a no-claim bonus for any given year, during which no claim was made by you. Thus, the basic cover is enhanced by way of these bonuses and you can avail of the same.
If you’re looking for an affordable but high quality option in 2021, then you should consider checking Kaiser Medical Center. They offer quality medical services at an affordable price to patients across the Philippines. Schedule an appointment now with Kaiser Medical Center today.
