Offers a wide variety of health plans including individual and family health insurance, group health insurance, HMOs, PPOs, POS, Indemnity plans, short-term health insurance plans, dental health insurance, and international travel health insurance. Health insurance premium paid towards a health insurance policy provides a tax exemption under section 80D of Income Tax Act, the funds paid towards mediclaim premium paid for self or spouse or children are appropriate for tax exemption of Rs 15,000 under section 80D.
In fact, a recent Harvard University study found that 50 percent of all bankruptcy filings were partly the result of medical expenses.Â¹ To the same point, every 30 seconds in the United States, someone files for bankruptcy in the aftermath of a serious health problem.
This pool is run by a regulator which collects salary-based contributions from employers, which make up about 50% of all health care funding, and funding from the government to cover people who cannot afford health care, which makes up an additional 5%.
Because of this, it’s important that you read and fully understand the package that you research so that you don’t get caught by surprise when a medical expense comes in. With all of the different plans available online, there is sure to be something for everyone and a plan that may seem tailor made to suit your own personal situation.
Whether you are worried about an experience someone you know has had or you want access to a specific hospital or quicker access to a specialist, there are a variety of health insurance products and policies to choose from which should help to meet your requirements.