My Insurance Insider and Finance Blog

Image via Wikipedia The key to getting the most benefits from your health insurance policy is knowing your policy coverage in details such as-

i) The medical expenses for the specific diseases that your insurance company is going to pay you off;

ii) Certain diseases such as pre-existing conditions, or other specific ones that your insurer is not paying you off at all for a certain stipulated period;

iii) Certain diseases or medical conditions such as outpatient treatment charges, treatment received outside certain geographical locations and so on;

iv) A stipulated amount that you’ve to pay off first for every claim known as policy deductible or excess.

Many people actually don’t read the policy plan book. They may not be aware of the provisions where the insurance companies may pay 100% of certain procedures like annual physicals, charges for breast cancer detection, or charges for certain lab tests. The policy plan book that outlines for you what procedures are not subject to the deductible or co-pay.

Some insurance companies have even shifted their policy from health insurance to health improvement plan and pay for the cost of gym membership, nutritional counseling or plans to stop smoking. By doing so they actually take preventive steps believing in “Prevention is better than cure” and in the end saving up enough money to pay out such expenses. Perhaps you’ll love to take advantage of them at no extra cost when you are eager to loose weight or quit smoking.

By taking full advantage of the free benefits of your expensive health insurance policy, you(including the other members of your family who are covered by the policy)  will be healthier and possibly require fewer visits to your doctors.