With the rising inflation in the healthcare sector, securing yourself and your family is becoming more challenging day by day. However, health insurance comes as a rescue. But, the cost of surgeries and treatment has risen so much that a single medical claim mostly fails to cover the whole amount. Is there any way to avoid paying extra money? If you are thinking about having multiple health insurance, here's what to know about this.
Can You Have Two Medical Insurances?
Firstly, let's know that "can you have two health insurances?" Yes, you can have two medical insurances and even three or more. It is legal to do so. Moreover, for people who are already suffering from a disease, it is a great practice. The reason is that such people don't get enough medical claim coverage, as they are considered high-risk assets for the insurance companies.
However, you should be aware that even if you have more than one insurance plan, your claim can be at most 100% of the total medical bill. Here's an example of how it works. If you claim health insurance from Company A and it fails to cover the whole bill amount, only then can you proceed to Company B's health insurance claim process. So, if your question is, can we claim multiple health insurance? Yes, you can.
Advantages of having multiple health insurance plans
Let's now understand the benefits of having more than one health insurance. Here is how you can benefit yourself and your family if you have multiple health insurance.
1. Comprehensive Coverage
You get more comprehensive coverage with multiple health insurance. In simple terms, if there's anything you find missing in your first health insurance, you can get it covered with another health insurance policy. It is essential, as you mostly don't get to customise your health insurance policy. But if you have the D.I.Y. Health Insurance Plan by Future Generali, you can have a customisable health insurance policy.
2. Lower Premiums
The premiums of the plans with lower coverage amounts will collectively cost you less than the premium of a high coverage plan. So, you can cut your costs in premiums without compromising the coverage amount.
3. Surpass Claim Rejection
Rejection while you claim health insurance is like a nightmare. But, at the time when you or your loved one needs an instant treatment, it gets even worse. In such a case, you can claim health insurance from the other company if one refuses to pay.
However, to further extend the precaution, you can go with the F.G. Health Elite, which is an exclusive insurance policy for Future Generali's premium customers. With this policy, you not only get instant and cashless settlement but also get to cover up to 15 family members.
4. Coverage for More Specific Conditions
As already mentioned above, if you or anyone in your family already has a disease, getting health insurance with good R.O.I. becomes almost impossible. It would be great if you get more than one insurance with less coverage amount. Moreover, sometimes, common diseases can affect you and your family a lot, such as viral fever. Individually, it may not cost you a lot, but for three or four members, it will become a significant amount.
To avoid this, you can cover up to 15 members of your family with F.G. Health Absolute. It can be the best secondary health plan for your family. With fast and easy medical insurance claim procedure, it covers the physical and mental wellness of your family.
Disadvantages of having multiple health insurance plans?
You will be surprised to know that there are almost no disadvantages to having more than one health insurance. Having to pay multiple premiums may feel like one disadvantage, but it could be planned better. You can get yourself multiple health insurance with lower premiums than those with specific coverage areas. It will sum up almost the exact amount that you would pay for the premium of a high-coverage health insurance.
However, you should not buy multiple individual insurance for every family member. You can instead have personal primary health insurance for all and secondary family coverage health insurance like F.G. Health Absolute and F.G. Health Elite. With FG, you get a fast medical claim with a super easy health insurance claim process.
Having multiple insurance is absolutely a win-win situation. You get health insurance until your medical bill is fully paid. However, you should keep in mind that there's no such condition that makes buying multiple health insurance ineffective. Otherwise, you may face problems during the health insurance claim process. So, you should only opt for the policies with smooth medical insurance claim procedures.
Ayushman Bharat, launched in 2018, is one of India's most ambitious healthcare initiatives. It provides accessible and affordable healthcare to millions of citizens across the nation. A...
Read More
Are you giving your breast health the attention it deserves amid your busy schedule? Important, yes, but often overlooked amidst a busy schedule. Simple breast care and...
Read More
Pain and discomfort are indeed a part of the package of being a woman but they can be managed through information and medical help. Women's health awareness...
Read More
Menstruation is a natural biological process experienced by all women. And, as we all know, it is often shrouded in secrecy and stigma. However, understanding and maintaining...
Read More
Have you ever felt like your emotions are on a rollercoaster ride at certain times? It could be your hormones! Hormonal fluctuations play a powerful role throughout...
Read More
Migraine headaches are a prevalent neurological condition often characterised by intense throbbing pain on one side of your head, accompanied by nausea, vomiting, and sensitivity to light...
Read More
Bringing new life into the world is undeniably one of the most miraculous journeys a woman can embark upon. It's a profound blend of joy, anticipation, and...
Read More
Invisible yet insidious, air pollution is a stealthy threat that weaves itself into the very breath we take. It's a cocktail of harmful gases and particles that...
Read More
Water is the elixir of life. Yet, polluted water can steal the well-being of millions, particularly women and girls. The effects of water pollution are far beyond...
Read More
Starting a family is one of the best feelings in the world. Unfortunately, some women face challenges when trying to start a family. But why is that...
Read More
Section 80D of Income Tax is an important provision for claiming health insurance tax benefits for individuals and families (including Hindu Undivided families, i.e., HUF). It provides...
Read More
A zillion questions pop in the head as soon as you get the good news. What should I eat? What should I avoid? Work life balance? Should...
Read More
Regarding health insurance, top-up and regular health insurance plans are two prevalent options. While both provide coverage for medical expenses, there are some important differences. Regular health...
Read More
What is the Mahatma Jyotiba Phule Jan Arogya Yojana? The Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) is a health insurance policy run by the Maharashtra government...
Read More
World Cancer Research Fund Internation found around 18.1 million cancer cases globally in 2020. Of these cases, 9.3 million were linked to men, and 8.8 million were...
Read More
Picture this: It's a cosy Sunday morning, and you're curled up with a cup of coffee, scrolling through your social media feed. Amidst the clothing videos and...
Read More
In today's dynamic world, navigating the complexities of health insurance can be daunting for many of us. This is where HIPAA comes into the picture. HIPAA stands...
Read More
Women's mental health is a complex dance between societal expectations and biological changes. Societal pressures to be perfect caregivers and achieve career success can create overwhelming stress....
Read More
It is a relief when your period shows up on time, but sometimes you wish it came sooner rather than later. Sometimes, you are thinking, "How can...
Read MoreDidn’t find what you are looking for? Let our experts guide you.
