By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    benefits of using protein powder to build muscles
    Protein Powder for Muscle Mass: Everything You Need to Know
    December 12, 2021
    changes brought on by blockchain in healthcare
    Technology In The Healthcare Industry
    March 28, 2022
    What Does Core Body Temperature Say About Health?
    August 17, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Do Electronic Health Records Reduce Malpractice Claims?
    February 2, 2013
    A Humble Opinion: Book Review
    May 3, 2015
    medicaid
    Paul Krugman: Stop Being an Embarrassment to the Profession
    March 7, 2013
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: 10 Things You Should Keep In Mind Before Availing Of Health Insurance
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Health care > 10 Things You Should Keep In Mind Before Availing Of Health Insurance
Health care

10 Things You Should Keep In Mind Before Availing Of Health Insurance

John Henning
John Henning
Share
10 Min Read
SHARE

  Despite advancements in modern healthcare and affordable treatments, falling prey to deteriorating health without the leverage of back-up can surely put a dent in your life savings. Taking care of your health is not a choice – it is a luxury that is mandatory and expensive. While you can stay healthy by keeping a vigorous check on your lifestyle and dietary habits, sickness and disease often come without warning. One day, you are slouching on the couch watching your favorite show, and the next day, you are hospitalized due to an unfortunate, untimed, and unpredictable accident. In today’s modern times, taking care of yourself can become expensive, given that modern medicine and treatments are not as affordable as they used to be. The world is becoming more aware of the pros of health insurance, but many people have a vague idea regarding insurance companies and their healthcare policies. To help you make a decision, we have mentioned 10 things related to Cigna health Insurance that you should keep in mind about availing health insurance.

Contents
    • 1. When To Buy A Health Insurance Plan
    • 2. The Age Limit Criteria
    • 3. Type Of Coverage And Premiums
    • 4. The Sum Insured Instead Of Maximum Liability
    • 5. Pay For Coverage Features That You Require
    • 6. Office Insurance Policies
    • 7. The Waiting Period Clause
    • 8. Hospitalization Coverage
    • 9. Maternity Coverage
    • 10. Co-Payment Clause
  • The Final Verdict

1. When To Buy A Health Insurance Plan

Why wait for buying a healthcare plan when you can avail the insurance claim now? Choosing a healthcare plan in your youth is beneficial due to two factors. One, the cost of premiums is significantly lower when you avail a health insurance plan before the age of 40. Since your body shows minimum signs of age-related, deteriorating disorders, you can also avail a limited number of claims with comprehensive coverage. Plus, buying a health insurance plan when you are healthy to the bone will not go to waste! Most insurance policies have a No-Claim Bonus that you can avail every claim-free year. So in actuality, even if you are blessed with great health, your healthcare insurance claims will not go to waste and will grant you with extensive coverage when required.

2. The Age Limit Criteria

Most extended health insurance plans consist of policies that you can opt for after turning 91 days of age! Each health insurance policy has its age limit criterion. Some health insurance plans even have a requirement of eligibility at 25 years to 60 years of age while many do not take any applicants that are beyond 50 years of age. But, some plans are lucrative and comprehensive based on their no-age-limit criterion, making them eligible for all ages. For instance, some family floater insurance plans charge premiums without imposing any limitations on age and are not obsolete for elders beyond 60 years of age.

3. Type Of Coverage And Premiums

The most important part is to decide what kind of health insurance policy is beneficial for you. For instance, with Cigna Health Insurance in the US, there are individual coverage plans as well as those that ensure full coverage of your entire family. Buying individual coverage plans for each family member when you can avail the family insurance policies for lower premiums will not only be expensive but ensure an umbrella opportunity of extensive coverage. Secondly, when availing a health insurance plan, people tend to choose the one that bags the lowest premiums, because it seems a wise decision. But, always correlate the premium to the kind of coverage you might get upon availing. Most insurance plans that offer extensive coverage with lesser premiums have additional clauses of co-payment and various deductibles that get revealed to you later on. Make sure you make a carefully thought decision of a policy that not only requires fewer premiums but provides extensive health coverage without compromising on the quality and quantity of benefits.

More Read

Is The Family Practice Shortage A Management Problem?
Is The Family Practice Shortage A Management Problem?
What to Do if Sued for Healthcare Fraud: A Guide for Healthcare Providers
Psychable Explains How Much Ketamine Therapy Costs
Reasonable Goals for Health Insurance Coverage and Defining Medical Necessity
5 Top Digital Healthcare Marketing Strategies For 2019

4. The Sum Insured Instead Of Maximum Liability

The second most important part when choosing a health insurance policy is to consider the amount of sum insured instead of a maximum liability. The optimal sum insured is the amount that your policy is liable to pay with your claim. Before deciding on the sum insured, you should consider the number of members in your family, including their existing health condition and the medical expenses that you might come across in the future. It is necessary to factor the affordability of the premium when setting an optimal for the sum insured. The higher the sum insured, the higher will be the premium that you will be required to pay, so make sure you choose your plan wisely.

5. Pay For Coverage Features That You Require

Every insurance policy has a certain umbrella of coverage features that might come in handy. But, when making a decision, you might become side-tracked and choose a plan whose coverage features are of no use to you. Shortlist your plans by considering your health and opt for features that fall into your usage.

6. Office Insurance Policies

Workplaces usually offer insurance policies to permanent employers with lucrative benefits. But, most employees have no idea what their claims usually are. Also, if you decide on leaving your job, you will be required to withdraw from the insurance policy, losing all reliance. It is better to opt for an individual healthcare insurance policy so that even if you plan on changing your workplace, you are thoroughly covered.

7. The Waiting Period Clause

The waiting period clause waives off the insurer of any claim of illness or accident that might occur during the period of availing a plan. The waiting period can range from 2 to 5 years at the very most, which means any illness that occurs during the period will not have any coverage from the insurer. You can, however, avail the coverage benefits of pre-existing and diagnosed illnesses such as thyroid and arthritis once the waiting period is over. Make sure you choose a plan that has a minimum waiting period so that you can avail the benefits instead of any medical emergency.

8. Hospitalization Coverage

Most insurance companies have a list of hospitals on their panel of networking. By getting treated on the panel, you can avail a list of treatments and consultation without paying for the services. Plus, most insurance plans also have policies that cover a limited amount of medical expenses incurred during treatment upon admission to a hospital. To make sure whether your insurance plan covers pre-and-post hospital additional charges such as doctor’s consultation fees and ambulance charges, check with your insurer wisely.

9. Maternity Coverage

Even if you do not plan on getting married shortly, try not to opt-out of maternity and neonatal coverage as your mind can change eventually. In this way, you will be prepared to cover the cost of maternity expenses as delivering a baby is becoming expensive day by day. Moreover, once you opt for maternity health coverage, you might have to wait for a minimum of 2 to 4 years to avail the claims. When planning a family, make sure you keep the waiting period clause in mind so that you can avail the coverage benefits during and after your pregnancy.

10. Co-Payment Clause

When committing to a health insurance plan, make sure you read the co-payment clause before you are surprised at the last moment. A co-payment clause dictates the amount of payment that you are liable to pay along with the insurer. For instance, if your insurance policy has a co-payment ratio of 10%, then 90% of the amount will be payable by the insurance company, irrespective of the claim. Since the co-payment clause is applicable on the entire list of claims in your coverage policy, make sure you choose an insurance plan that has the lowest rate of copay imaginable.

The Final Verdict

Most people tend to pick a healthcare insurance plan by solely depending on the ‘word of mouth’. We get it – reading the fine print and researching about a prominent health insurance plan can become arduous. But, when considering your health, we believe you should give yourself the time, especially when a disease or injury challenges it lucratively. Choose a health insurance plan today so that you are prepared when life throws its uncertainties at you.

TAGGED:health insurancehealthcare insuranceinsurance
Share This Article
Facebook Copy Link Print
Share
By John Henning
John Henning is a nutritionist, freelance writer, and food blogger that provides accessible nutrition info to help people live a healthier life. His unique approach to nutrition emphasizes nutrient-dense, whole foods and healthy habits rather than restrictive diets.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Business

Cynical Thoughts about Medical Insurance

December 31, 2012
Health carePublic HealthWellness

How Healthcare Professionals Can Educate Patients In Various Specialties

March 4, 2019
Fibroid Treatment
Health careSpecialties

Advancements In Fibroid Treatment And Why It counts To Have Timely Professional Care

November 12, 2019
Health careWellness

5 Helpful Pointers For Muscle Relaxation And Sound Health

April 23, 2019
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?