Medical Insurance | Health Insurance | Mediclaim Insurance | Family Health Insurance

· Pay premiums annually. This will help you avoid or reduce the service fee and might also earn you discounts
· Review your policy regularly. Make sure that it covers your real requirements and does not have additional cover that you may not need. For example, additional coverage for pregnancy may not be really required for you and the normal coverage for this might be quite sufficient for your anticipated needs
· Keep a reasonable limit on the ceiling of medical expenditure in your policy. If you don’t have a ceiling or if you have a very high ceiling, you may be covering every eventuality but may also be paying higher for the coverage unnecessarily. Match the terms of the policy to your needs.
· If you have to file insurance claims, make sure that you keep all the documents available and know what you are covered for. In case you are not sure about whether a particular disease or treatment is covered. File your claim anyway
· Group plans are another way in which you can reduce your medical insurance costs. Find out about group plans and how they apply to you. See if your company, or member organization, such as your local Chamber of Commerce have a plan in place.
· Carry a higher deductible amount: The amount of expenditure that you opt to bear yourself has a great bearing on the medical insurance cost. If you are comparatively free from minor illnesses and you would like to be covered only for major illnesses, you can opt for a higher deductible reducing your premium without sacrificing the coverage you desire.
· If you discover a serious medical condition, it is better to continue with your existing insurer, as going to a new insurer will almost certainly increase your costs and will likely limit, or exclude, coverage for any pre-existing conditions.
· Avoid supplemental insurance. Supplemental insurance is a policy that gives you additional cash for the same illness that is covered by another insurance.