Online Health Insurance
Online Health Insurance: To obtain health insurance the only way considered reliable was going to an insurance company physically and buy their policy. But according to a study policyholders are more likely to buy online health insurance these days.
In the last five years the trend of purchasing online health insurance has increased. People bought their health insurance policies online through insurer’s website, bank’s website or through an online aggregator.
Filling the application form needs assistance at time, so some of the people took help of the agent or broker or the bank to fill the form while many filled the form themselves.
Buying online and filling the application without the help of an agent are considered as positive signs. There is a risk of income, marital status, gender, age, family medical history, employment status, and health claims history are more likely to be excluded or misreported.
While buying online health insurance, you must provide adequate data to insurers during the policy applications and claims processes.
People do not give proper details online mainly due to the reason that disclosing certain details will lead to claims being denied, or further testing. The trust deficit between an insurer and a policyholder can be reduced by simplifying processes, standardizing and minimizing exclusions and deeper engagements with agents. This would also lead to more accurate disclosures.
Health Insurance includes an agreement between you and your insurance company. The policy lists a package of medical benefits such as tests, drugs, and treatment services. The insurance company agrees to cover the cost of certain benefits listed in your policy. Your policy also lists the kinds of services that are not covered by your insurance company. You have to pay for any uncovered medical care that you receive.
Health insurance is the healthcare that offers you at the time of a severe, unforeseen medical emergency, such as an heart attack, an accident or the onset of cancer, emergencies which require costly treatment and can set back a family’s finances by many years.