Uncertainties cannot be ever neglected yet effective precautions should be taken to reduce the burden of monetary terms. Family Health Plans are categorized as the coverage where you and your family are under the roof of one Insurance plan against any medical emergency.
You’re free to add your parents plus there are provisions of parents-in-law to become insured in particular insurance moreover new family members like spouses can also be added into the family policy as well.
It is actively beneficial in choosing the family health insurance plans where you are asked to make a one-time premium payment which works out to be more effective as compared to individual health plans for each member of the family.
As the covering remains the same yet the difference is all the family members are covered, the opportunities are rising with the increase in kinds of diseases also in the rising accidental cases.
Several things are included to act as a safeguard such are mentioned below:
While choosing an excellent policy for family, make sure that you inquire about the aspect carefully...there’s an initial waiting period which is usually 30 days yet could go for 90 days in case of some insurers whereas medical claims related to accidental cases will have the coverage from the commencement of the plan.
Also, there's a specific waiting period where a particular illness will have waiting periods of 1-2 years during which claims will not be entertained.
*Waiting period concept generally depends upon the Insurer’s policies.