Health insurance mistakes: Health insurance has many advantages but also some disadvantages. Let’s get to know them and find out which common mistakes are important to avoid.
Contracting a health insurance must be done with some care. Currently, many people turn to private hospitals to take care of their health. These, although faster in response when compared to public services, also entail expenses. Thus, it is particularly relevant that health insurance can cover part of the expenses.
Thus, when contracting health insurance, you must be very careful, as it is very easy to overlook important information. In this article, we’ll explore some common mistakes associated with health insurance and see how to avoid them.
HEALTH INSURANCE: WHAT IS IT AND WHAT ARE ITS ADVANTAGES?
Health insurance is one that is taken out and paid for by each natural person or by employers on behalf of their employees and whose decision to take it out is voluntary. It is an agreement between two parties , in which the insured pays the insurer a periodic monetary contribution, and in which the insurer undertakes to cover, in whole or in part, the costs of using health care carried out by the first.
Although in our country there is a National Health Service that provides universal coverage, a large part of the population feels the need to take out health insurance, which has the advantage of complementing the public health system , ensuring:
a) Total or partial coverage of services that are not included in the public system benefits package or that are not fully covered by the health system (for example, dental care and alternative medicine );
b) Increased consumer choice – privileged access to private providers, ensuring a wide choice of care providers; faster access to health care; access to superior quality accommodation.
KNOW SOME OF THE CRITICISMS POINTED OUT TO HEALTH INSURANCE
There are several health insurance available and despite the precious help they can represent, there are also some weak points that are pointed out to them. The studies carried out detail some of the criticisms most pointed out by insurance users:
- High number of exclusions;
- Age limits;
- Extended grace periods ;
- The annual duration of the contracts (the insurer can terminate a contract if the purchaser incurs a lot of expense, for example due to a prolonged illness);
- The existence of too many policy exceptions (often, they do not cover expenses related to psychiatric illnesses, tuberculosis, hepatitis, organ transplants, hemodialysis, sexually transmitted diseases, hernias, physiotherapy and obesity and fertility treatments);
8 COMMON HEALTH INSURANCE MISTAKES TO AVOID
We all want the health insurance we take out to be as cheap as possible and at the same time cover all our needs and meet all our expectations. However, the insurance with the most affordable premium is not always the one that meets our needs. When it comes time to choose health insurance, avoid these 8 common mistakes :
1. Be guided only by the value of the premium
Know all the specifics of health insurance and ensure that they are adapted to your needs (for example, if you have dental problems you should look for insurance that covers consultations and dental examinations).
2. Not comparing prices
There are several health insurance options on the market, with different premiums and different deductibles. Analyze your needs, learn about the proposal that each insurer has to offer and compare them in detail.
3. Not checking if your usual doctors are part of the network
Not checking whether the doctors who accompany you or the clinics/hospitals you usually use are part of the network of insurance partners you are going to take out.
4. Not paying due attention to grace periods
In general, contracting health insurance does not mean that you can use it immediately. Compare grace periods for different health insurances.
5. Not paying attention to insurance coverage and plafond
Usually, health insurance has an annual ceiling for each specialty. You must take out health insurance whose ceiling meets your needs.
6. Ignore Exclusions
The analysis of exclusions is extremely important as there may be treatments that are not covered by a certain health insurance.
7. Not knowing all the extra services associated with health insurance
Know well the benefits offered by each health insurance. There are insurance companies that offer services such as reimbursement for medication, home visits and coverage for treatment abroad.
8. Confusing health insurance with health cards or health plans
As a rule, cards and health plans have a more affordable price, however, it is important to bear in mind that these do not replace health insurance.
Above all, it is important to properly analyze your needs and think about whether the existing alternatives will be satisfactory and which one meets your expectations. The ideal health insurance varies from person to person, depending on the medical history and stage of life of each one. Do the exercise of analyzing the amount you spent last year on consultations and treatments, compare this amount with the total price to pay for a year of health insurance and avoid the 8 mistakes described above.