Buying health insurance – CompareInsurance.ae Blog

Waiting Period

Waiting periods deter you from making a claim shortly after signing on to a health plan. They also prevent you from claiming on pre-existent diseases, so check the company’s policy on that before signing. Maternity and dental treatments are some of the benefits that have waiting periods, but it varies from one company to another, so reach out to experts for more advice on this.

Hospital network

If you travel a lot or have family members living in different parts of the country, you should be very keen on this. Just because an insurance plan covers the UAE, it does not mean that you can access all hospitals in the country. Ensure that the hospitals nearest to you are in the company’s medical network to avoid any inconveniences. If you travel for work or have family members in other towns, check on the same.

Deductibles

Also known as co-payment, deductibles are fixed rates that you, the policyholder, have to pay when undergoing treatment. There are various types of deductibles: fixed amount per visit and annual deductibles. Fixed amount per visit is applied in outpatient treatments only, and you are required to pay 20 to 75 AED depending on the insurance company. Annual deductibles are not common in the UAE, but make sure to ask your insurance provider about it.

Exclusions

Health insurance companies do not cover all treatments in order to protect themselves from high-risk conditions. Review the policy carefully or consult one of our experts for more information on what is excluded and covered under the health insurance plan before buying, especially if you suffer from a chronic disease.

In this day and age, medical insurance is a basic need. In most countries, a trip to the hospital can really set you back financially. Buying health insurance, especially if you have a family, can be an uphill task. Here are some important factors to consider before purchasing any package.

Claim process

This is probably one of the most important things to look for when shopping for insurance. Some companies take forever to process your claim and your settlement. What good is an insurance package if you cannot use it when you need it? When it comes to selecting a health insurance company, the faster the better.

Family health insurance

If you have a family, you should select a more inclusive package. Your family medical history, as well as any present ailments, should be put into consideration. If one of your family members suffers from a disease that requires frequent trips to the hospital, I recommend taking a personal health care plan for them so that the family insurance policy does not become too expensive.

Network hospitals

When buying insurance, always check the insurance company’s network of cashless hospitals. You should check which company has the highest number of hospitals closest to you in their policy. Cashless hospitals also ensure that you are able to receive the best medical care possible without worrying about the bill. All your medical expenses are billed directly to the insurance company.

Look out for treatment-wise limits and co-pays

Some insurance companies limit the amount you can claim for diseases such as cataracts. Treatment-wise limits cap your claim regardless of the amount of money you have insured under the policy. Also, make sure you check the insurance policy co-pay. Co-pay is a standard amount of the bill that you have to pay on your own anytime you make a claim.

Coverage amount

Health insurance does not come cheap. Before deciding on the coverage amount you want to spend, think about your long-term health costs. Your co-pay ratio, your deductibles, monthly premiums, and coverage amount should help you make the decision. Make sure not to spend too much or too little when it comes to health insurance. If unsure of how much you should pay, visit our website for more information.

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