Health Insurance: If you are planning to take a top up health plan then first check these important things – know these important things before taking a top up health plan

New Delhi: You must have heard about top up health plan. It is generally required when the cost of treatment approaches or crosses the limit given in the base health policy (regular health policy). That is, the top up plan provides you extra coverage once the existing base health policy amount is used up. In such a situation, before buying this plan, you must know and understand some important things. While taking the top up plan, check whether the network of hospitals covered in the base plan is also included in it. When this happens, it helps in taking cashless facilities and reducing the financial burden.

waiting period

It should be clear in the mind about the top up plan that it is not an extension of the existing health plan but a completely different health plan. That is why there is a provision of waiting period for certain pre-existing diseases in the person buying the plan. That is, for a certain period of time, you will not be able to claim under it for those diseases. Therefore, while buying it, understand how it will affect your coverage.

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co-payment clause

Like the base health policy, the top up plan also has a co-payment clause. That is, the responsibility of paying a part of the medical cost is on you while the rest is paid by the insurance company. Therefore, before increasing your health coverage through top up plans, understand these things deeply.

deductible amount

Most top up health plans come with a deductible. This means that till the time your top up plan becomes operational, you will have to pay the deductible amount through your regular health policy or from your pocket. If the sum insured has been spent under the regular plan, then definitely get an idea of ​​whether you will be able to pay the deductible amount from your pocket. Also, if you do not have a base health policy, you have to pay medical expenses equal to the deductible amount.

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policy renewal age

The renewal date of the top up plan may be different from the renewal date of the base health plan. However, some top up plans have a capped renewal age after which you cannot renew the insurance. Therefore, you must ensure that the coverage meets your needs at the time of renewal.