Online Health Insurance – Follow These Five Steps and Secure Your Family

Online shopping has been all the hype for quite some time now, ever since the growth & development of India’s e-commerce industry. Everything from clothes to groceries can be bought online using your smartphone or computer, making life easier for us. However, apart from mainstream products, there is a lot more the internet has to offer, such as health insurance. Thanks to the luxury of the internet, today, buying online medical insurance in India is effortless.

Health should be a priority for everyone, now more than ever, because of rising medical costs and uncertainties of life. Therefore, it is crucial to secure your and your family’s future by investing in the right health care policies. And there is no better time than now to do so, owing to the easy availability of online medical insurance in India.

But if you have any doubts about buying health plans online or need some clarity, you are at the right place. Scroll down to know everything about online medical insurance in India.
Shopping-Online-For-Health-Insurance. Image Courtesy: Shutterstock

What Are the Perks of Buying Medical Insurance Online?

Yes, you read that right. Perks. Buying online medical insurance in India comes with many perks, and it is even getting more popular than offline policy purchases. Let’s see some of the benefits:

  • Timesaving
  • Maximum security
  • No involvement of insurance agents
  • Cheaper compared to offline purchases
  • Highly convenient
  • Access to all available policies and lower premiums
  • Easy comparability
  • High claim settlement ratio
  • Transparent terms & conditions
  • Easy transaction
  • Instant coverage
  • Additional discounts

Now let’s talk about the process and what you should consider.

Follow These Five Steps to Buy Online Medical Insurance

Although purchasing online medical insurance in India is easy, safe, and convenient, it is essential to review some points to avoid making the wrong choice. Here are the steps you must follow to secure your and your loved ones’ future:

  1. Find a Suitable Online Insurance Portal

While buying medical insurance online, the first step is to find an insurance company providing good online services. You can opt for insurers like Care Health Insurance that offer affordable online plans with adequate coverage.

  1. Explore All Available Plans

When it comes to health care plans, there are several options. The most common ones include individual and family floater policies. Then you have more specific plans like those designed for senior citizens, mothers-to-be, or people suffering from chronic illnesses. It is crucial to choose the right plan based on your and your family’s medical requirements.

  1. Look for Medical Insurance with Wide Coverage

After you’ve decided on the type of medical insurance, the next step is to select a plan offering maximum coverage. A comprehensive policy includes pre & post-hospitalization costs, daycare expenses, transportation, domiciliary care, in-patient hospitalization, daily allowance, and AYUSH treatments.

  1. Check the Exclusions and Added Benefits

Every medical insurance policy has certain exclusions, and it is vital to read those before you make the purchase. These exclusions can be anything like self-inflicted injuries or treatment arising from abortion based on the plan. Similarly, all policies have additional benefits like No Claim Bonus, cashless payments, and a wide hospital network. Always check for such added benefits.

  1. Don’t Forget to Compare!

Since one major advantage of buying medical insurance online is easy comparability, don’t forget to thoroughly explore all your available options, shortlist them, and most importantly, compare them. You should compare everything from the coverage & premium to exclusions & inclusions before choosing so that you can find the best plan.

Buy Online Medical Insurance in India Today

As per the Statista Research Department’s 2020 report, India had nearly 700 million internet users spread across the country. Moreover, India was ranked as the second-largest online market in the world in 2019. Furthermore, the country’s internet users are only set to increase in the coming years. This makes buying online medical insurance in India a real possibility that can change the face of the insurance industry. So be the change and buy medical insurance online today.
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Health Care Reviews: A Guide to Medicare Supplement Plans

Health-Care-Reviews-A-Guide-to-Medicare-Supplement-Plans.Do you or your loved one need extra health insurance on top of Medicaid? Figure out your best option with this comparison of Medicare supplement plans.

Are you planning on retiring soon?  If so, then you definitely deserve this restful time after all your years of serving both your family and society as well. The good news is that you are now eligible to receive Medicare health coverage.

Do you know what Medicare covers or doesn’t cover?  Are you familiar with the different Medicare supplement plans out there that provide additional levels of coverage?

Use this article to do your own Medicare supplement plans comparison so that you can sidestep any financial burdens further down the road.

What is Medicare?

Medicare is the federal government’s health insurance program that delivers health care coverage to senior citizens who are 65 years old and older. Medicare funding comes from many funding sources including the federal government’s budget as well as deductions taken from American workers’ paychecks.

Medicare in the US is not limited to retired senior citizens. Younger adults who have certain medical conditions can also receive Medicare assistance. Medicare is managed by the US Centers for Medicare & Medicaid Services (CMS) who report that there are almost 58 million Americans enrolled in Medicare.

Congress enacted Title XVIII of the Social Security Act in 1965 that created the Medicare program. Medicare was Governmental leaders created Medicare to help seniors, who couldn’t obtain health insurance, in spite of their income or medical history.

How Medicare Works

Medicare pays for members to visit physicians, hospitals or other health care specialists who will accept Medicare.  Medicare is considered a “fee-for-service.” A fee-for-service means that the Medicare enrollee pays part of the cost for each medical expense and the Medicare system will pay for the balance.

What Medicare Can Cover

Medicare offers separate plans with varying benefits, each labeled with a different letter. There are two original parts to Medicare that are currently offered o all eligible members.  These original parts are called Medicare Parts A and B.

Part A Medicare pays for costs like hospital stay fees and in-home health care assistance. Part A Medicare enrollees aren’t required to pay a monthly premium for these expenses.

Part B Medicare covers expenses like physician exams or medical equipment expenses. Part B members pay a $134 monthly premium to cover these fees.

Both Parts A and B can’t be used for other common medical costs like prescription drugs or hearing tests.  You can sign up for extra coverage through private, outside insurance companies at higher costs to pay for these kinds of medical costs.  This extra health care coverage is called “supplement plans.”

What are Medicare Supplement Plans?

A Medicare supplement insurance plan (occasionally referred to as a “Medigap” plan) pays for additional health care expenses after what Medicare Parts A and B can pay for. Examples of the other types of expenses include co-payments, deductibles or health care expenses incurred while traveling abroad.

What do Medicare Supplement/Medigap Plans Offer?

There are currently eight additional plans available that offer additional medical coverage beyond what’s provided in Parts A and B. You can enroll in these Medicare Medigap plans at most private insurance companies and pay higher premiums for this additional coverage. Medicare will then reimburses these Medigap plan companies to cover your Part A and Plan B expenses.

It’s important to understand what these different insurance plans have to offer. No two plans are entirely alike. Here’s a comparison of the each of these eight Medicare Medigap plans:

Medigap Plan C

Medigap Plan C can pay for dental, vision and hearing exam costs. Plan C, however, is scheduled to phase out and will not be available to new Medicare enrollees starting in 2020. People who were eligible for the Medicare system before that time can still choose to sign up for Plan C coverage after 2020.

Medigap Plan D

Medigap Plan D is supplementary coverage that pays for prescription medication expenses. Insurance companies will also offer this type of Medigap plan. Enrollees who reside in a Medigap Plan D service area can apply for this type of coverage.

Medigap Plan F

Medigap Plan F pays for hospice care co-payments and nursing facility expenses. Plan F will also cover up to 80 percent of any unplanned, emergency medical expenses you might run up while you’re traveling abroad. Plan F can also cover all of your Part A and Plan B benefits for an additional 365 days, once they’ve been expended.

Medigap Plan G

Medigap Plan G can help cover hospitalization expenses for another 365 days beyond what Parts A and B will cover. Nursing facility, hospice co-pays, and blood transfusions are also covered by Medigap Plan G.

Medigap Plans K, L, and M

Medigap Plans K , L, and M are similar because they all pay portions of healthcare fees beyond what Parts A and Plan B can cover. Medigap Plan K will help pay for another 50 percent of nursing facility and hospice care costs while Medigap Plan L will help cover 70 percent of these like costs. Medigap Plan M will cover another 20 percent of these expenses.

Medigap Part N

Medigap Plan N pays for fees associated with ambulance transport or lab work expenses. Medigap Part N can also cover imaging and other health care services.

Next Steps

Have any lingering questions about these Medicare supplement plans?  Will a Medicap plan work for you and your spouse when it’s time to retire? If you’re expecting to retire after the scheduled end of Medigap Plan C in 2020, then you will also need to find alternatives to make your health care coverage complete.

You can find out more about each Medicare supplement plan on this Medigap comparison chart that highlights the benefits of each of these plans. If you’re thinking of retirement, familiarize yourself with this chart so that you can compare Medicare supplement plans. Get the most out of that benefit you’ve worked a lifetime to enjoy.

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A Comprehensive Guide to AARP Discounts and Benefits

 A-Comprehensive-Guide-to-AARP-Discounts-and-BenefitsIn the U.S., everyone’s heard of AARP. If you’ve hit 50 years of age, you’ve likely started receiving ads and invitations to join in the mail. Despite AARP’s widespread popularity (the most recent data shows that the organization has about 38 million members), you may not know everything AARP has to offer.

While there are numerous organizations similar to AARP that work on improving the quality of life of seniors, few match the scope of AARP’s operations or offer the same value.

If you’re considering signing up for an AARP membership but don’t know enough about the organization to make a decision, keep reading to learn more about the group and what it offers its members, retirees and non-retirees alike.

Joining AARP

Like many other non-profit and social organizations, there is an eligibility requirement for joining the AARP. To apply for membership, you have to be at least 50 years of age. The subscription fee for the first year is $12 per month if you sign up for auto-renewal. From the second year and onwards, the annual membership renewal fee is $16. Keep in mind that purchasing a membership allows you to add your spouse for free—they’ll enjoy all the same benefits and discounts.

Signing up for the AARP is a straightforward process; all you have to do is visit their official website and join from there.

Types of AARP Discounts and Benefits

AARP partners with hundreds of organizations across the country to improve the lives of seniors, and also has a well-developed website and app full of information and tools. The majority of AARP benefits fit into one of the following categories:

  • Free online services, resources, and content available to anyone with an Internet connection
  • Free online services, resources, and content created for seniors only
  • Member-exclusive online services, resources, and content
  • Member-exclusive discounts
  • Benefits and discounts provided to AARP members from third-party corporations and organizations

Online Tools, Resources, Networks, and Services AARP provides a wide range of top-notch online tools, resources, networks, and services. You can access these platforms through the AARP website or the AARP NOW app made available to members upon subscription. Some benefits include:

  • Finance and health tools
  • Social security resources and benefit calculator
  • Retirement planning resources
  • Tax filing assistance
  • Job search tools and resume help
  • Car buying program
  • Fraud watch network
  • Entrepreneurship resources

Discounts on Food, Travel, and Other Experiences

You’ve worked hard for the better part of your life, so why not enjoy the finer things once you’ve retired? AARP membership includes discounts for major restaurant chains, hotels, flights, car rentals, movie theatres, and more.

Insurance Programs and Discounts

AARP membership can also indirectly save you money on auto insurance, vision insurance, dental insurance, home insurance, and more. How does this work? Note that AARP doesn’t directly offer these discounts; private insurance companies create policies with the specific needs of seniors in mind and extend these plans to AARP members at a discounted rate.

For example, you should find out if you are eligible for AARP member auto insurance plans and discounts via third-party insurance providers. On top of lower rates and specialized policy options, these insurance companies typically include services such as senior driver safety programs, roadside assistance, and towing in their AARP member-oriented programs.

Entertainment and Online Content

Many retirees look for new ways to fill their time now that they’ve stopped working. AARP offers entertainment options like news and politics updates, articles curated for the 50+ audience, discounted books, a discounted subscription to Audible, podcasts, online games and puzzles, and more.

AARP Savings and Opportunities

AARP membership opens the door to countless resources, services, information, and discounts. While people look forward to their retirement years, it’s no secret that finances limit many seniors. As a senior, you’ll want to save anywhere you can, and you’ll want access to resources and opportunities. AARP helps seniors by meeting their unique needs based on their demographic and lifestyle.
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RV Insurance vs. RV Warranty Protection: Do You Need Both?

RV-verses-insurance-or-warranty-protection-or-do-you-need-bothRV owners deserve to have some peace of mind when it comes to protecting their investment from mechanical failure or finicky service contracts. Often, this means deciding between an RV warranty and RV insurance. Should you choose a warranty? Is insurance the better deal? Or is there a reason you’d need both? Knowing a bit more about warranties and insurance can help you decide.

How does RV insurance work?

RV insurance is much like car insurance in the sense that you’re required to have minimum liability coverage for your RV for it to be road-legal. Liability insurance serves a specific purpose. If you get into an accident while on the road, your insurance company will cover the cost of property damages and medical expenses due to bodily injury. This varies, though, if you purchased your RV through financing. If you bought your RV through financing, you’ll also need comprehensive collision coverage. Collision insurance minimizes the cost of damages caused to the RV by an owner-caused accident. Comprehensive insurance protects owners from damages caused by fire, theft, and natural disasters.

This isn’t the only coverage you can get for your RV, either. There are other forms of coverage that will protect your personal belongings housed in the vehicle. There is even extensive coverage that will replace your RV or reimburse you should your vehicle be deemed a total loss by your insurance company. The level of coverage you need will vary but liability, collision, and comprehensive coverage are the most common. Keep in mind that, no matter what, you’ll need liability coverage at a minimum to legally drive your RV.

A look at RV warranties

An RV warranty provides the coverage that insurance doesn’t. RVs break down just like other cars, requiring them to be sent to service centers or a repair facility. Each warranty is commonly an extended warranty since it’s provided by a third-party provider rather than a manufacturer. An extended RV warranty provides coverage to an RV owner for just about any problem that a manufacturer would cover. It’s not uncommon for an RV to break down and many do within the first five years of ownership. Depending on your warranty or vehicle service contract, you could find yourself liable for some pretty expensive repairs. Common RV repairs can range up into the tens of thousands and wholesale warranties can offset a good portion of this cost. Both regular and wholesale warranties will require your nonpublic personal information to acquire.

So, where do you buy an RV warranty? Often, you’ll be able to purchase a warranty from the dealership at the time you buy your RV. Buying from a third-party company, though, is often preferable. This is because a dealership warranty can be much more expensive than third-party policies. Plus, coverage through a dealership might be more limited in scope and restrict you to a particular repair facility or service center. With a third-party RV warranty, you’ll still need that critical nonpublic personal information to purchase a policy but you’re able to shop around, compare coverage, and get quotes for pricing. That way, you can find the absolute best deal for your specific needs. Make sure to review the company policy to see their service areas and where you can go for repairs. Many companies allow you to take your RV to any repair facility across the US and Canada, but some companies are more restrictive about the service centers you use.

That being said, it’s often advisable for an RV owner to have both an RV insurance policy as well as an RV warranty. This provides you the greatest amount of coverage. Since an RV is such a large investment, keeping yourself protected both on and off the road is key.
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