Family Health Insurance

What is Family Health Insurance?

The financial security of your family is crucial in order to afford medical care when you need it. Family health insurance is a type of insurance that provides coverage for your entre family against medical expenses incurred during an emergency, either on an individual or floater sum insured basis. Insurejoy.com offers a wide range of family health insurance plans with impressive benefits, such as a large network of cashless hospitals and quick claim setlement.

Benefits of Family Health Insurance

Buying a family health insurance plan can offer numerous benefits for the insured family members. With a family floater health insurance plan, you can ensure coverage for all members of your family, regardless of their age, under a single policy. Let's explore the major benefits of buying a family health insurance plan:

Cashless Hospitalizaton

In the event of hospitalizaton, the insured family member can avail cashless treatment in a network hospital of the insurer, just like in individual health plans. This ensures that your loved ones can receive the medical atenton they need without worrying about the cost.

Health Insurance Cover for Parents in the Same Plan

Several health insurance companies allow people to include both parents and parent-in-law under a family health plan without any additonal premium. This means you can secure the health of your parents and your spouse's parents under one plan.

Affordable Premium

Family health insurance plans allow you to cover your spouse, child, and parents under the same plan at an affordable premium since you do not need to pay individual premiums for each family member. However, it is recommended that you buy individual health cover for your parents considering their agerelated health issues.

Easy Additon of New Family Members

Adding a new family member to a family health insurance plan is simple, as you only need to pay an extra premium. Unlike individual coverage, you don't need to take a fresh policy every tme there is an additon to your family. If you add your parents to an existng family health insurance plan, make sure to increase your sum insured.

COVID Cover for Family

You can financially secure yourself and your family members against COVID-19 by buying health insurance for coronavirus. Although all insurance providers offer coronavirus treatment cover under basic health insurance plans, coronavirus-specific plans like the 'Corona Kavach policy' have been launched that cover hospitalizaton costs incurred on the treatment of coronavirus on a floater basis.

Opton to Avail Additonal Benefits

Family health plans offer various add-on benefits, such as critcal illness cover, maternity cover, etc. However, make sure to read the policy terms carefully to know about any waitng periods applicable to any add-on covers before buying the best health insurance plan for your family.

Tax Benefits on Premium

Under Secton 80D of the Income Tax Act, you can avail tax exempton on health insurance premiums. If you are paying the health insurance premium for your family and parents, you are eligible for tax benefits.

Investng in a family health insurance plan is a wise decision that offers comprehensive health coverage to all your loved ones under one policy. Get in touch with insurejoy.com to find the perfect plan that suits your family's unique needs and enjoy peace of mind knowing that your family's health and financial well-being are secured

Inclusion of Family Health Insurance

Are you curious about what is covered under a family health insurance plan? Let's take a look at the most common coverage optons available:

In-patent Hospitalizaton Expenses – Any medical expenses incurred on hospitalizaton of more than 24 hours due to an illness or accidental injury is covered.

Day Care Procedures – The cost of day care procedures that require hospitalizaton of less than 24 hours is covered.

Ambulance Charges – The expenses incurred on availing ambulance services to the hospital during a medical emergency is covered.

Pre and Post-Hospitalizaton Expenses – The medical expenses incurred before hospitalizaton (medical investgaton, tests, etc.) and afer discharge (follow-up consultaton, etc.) are also covered up to a certain number of days.

Maternity Cover – Most family health insurance plans come with maternity cover that covers pregnancy-related expenses and newborn baby expenses.

Organ Donor Expenses – It covers the cost of harvestng an organ and donor-related expenses in case of an organ transplant.

AYUSH Treatment – Any hospitalizaton expenses incurred to avail treatment through Ayurveda, Homeopathy, Yoga, Siddha and Unani are covered.

Domiciliary Treatment – It pays for the medical expenses incurred on availing treatment at home on the advice of a doctor.

Daily Cash Allowance – A daily hospital cash allowance is provided to the policyholder to cover dayto-day incidental expenses during hospitalizaton.

Mental Illness Cover – Most family health insurance plans provide coverage for mental diseases, such as depression, anxiety, schizophrenia, etc.

It's important to note that the coverage optons may vary depending on the insurance provider and the specific plan you choose. At insurejoy.com, we can help you find the best family health insurance plan that covers all the benefits you need to secure the health and well-being of your loved ones. Contact us today to learn more about our optons and how we can assist you in finding the perfect plan for your family

Exclusions in Family Health Insurance

When purchasing health insurance for your family, it is essental to thoroughly read the policy documents to understand the policy exclusions in detail. Additonally, you should check the waitng periods under the policy. Here are some of the medical expenses that are typically not covered by family health insurance plans in India:

• OPD treatments and routne medical check-ups
• Expenses incurred on any aesthetc treatment or plastc surgeries
• Expenses incurred on life-support machines
• Treatment that was taken overseas unless it is included in the plan
• Any illness or injury resultng from war conditons, nuclear reactons, rebellion, acts of foreign enemies, etc.
• Injury or illness due to partcipaton in unethical or criminal actvites
• Pregnancy or childbirth-related complicatons (unless mentoned in the plan), like voluntary terminaton of pregnancy, miscarriage, or aborton, etc.
• Any pre-existng medical conditon is not covered untl the completon of the waitng period.

It's crucial to understand these exclusions before buying a family health insurance plan to avoid any surprises later. Our experts can help you navigate the complexites of health insurance policies and guide you towards the best plan for your family's unique needs. Contact us today to learn more about our optons and how we can assist you in finding the perfect plan for your family.

Key Consideration Before Choosing a Family Health Insurance Plan

If you're planning to buy a family health insurance plan in India, here are some important things to consider:

Coverage Optons: It's crucial to ensure that the family health insurance plan you choose covers all the necessary medical expenses, including hospitalizaton, pre and post-hospitalizaton expenses, maternity cover, etc. Evaluate the coverage optons provided by different insurance providers to determine the best plan for your family's unique needs

Sum Insured: Consider the sum insured amount offered by the family health insurance plan, as it should be sufficient to cover the medical expenses of all family members. Keep in mind that the sum insured amount may vary depending on the number of family members covered under the policy.

Network Hospitals: Check the list of network hospitals available under the family health insurance plan to ensure that you have access to quality medical care in case of a medical emergency.

Premium: Consider the premium charged by the insurance provider for the family health insurance plan. Ensure that the premium is affordable and fits within your budget.

Waitng Period: Check the waitng period associated with the family health insurance plan for specific treatments, illnesses, and pre-existng medical conditons. The waitng period may vary depending on the insurance provider and the specific plan you choose.

Policy Renewal: Check the renewal process and terms of the policy, including the maximum age limit, grace period, and policy tenure. Ensure that the policy can be renewed without any hassles.

Exclusions: Carefully review the policy documents to understand the policy exclusions, such as noncovered illnesses, medical treatments, and waitng periods.

A Simple Guide to Filing a Claim for Your Family Health Insurance Plan

A Simple Guide to Filing a Claim for Your Family Health Insurance Plan

Cashless Claim Process:

1. Inform your insurance company about the health emergency.
2. Fill out the pre-authorizaton form, which you can find at the TPA or insurance desk of the network hospital.
3. Submit the pre-authorizaton form along with other required documents to the hospital, who will forward it to your insurer.
4. The claim management team of your insurer will send you the leter of approval if the claim request is approved. If there are any queries regarding your claim, then the insurance company will contact the hospital for the same.
5. Once approved, receive the treatment at the hospital and sign all the documents before discharge. Your insurer will setle your medical bills with the network hospital.

Reimbursement Claim Process:

1. Intmate your insurer about your medical emergency.
2. Receive the treatment at a non-network hospital.
3. Pay the hospital bills and collect all documents at the tme of discharge.
4. Submit the filled-in claim form along with other required documents to your insurance provider.
5. The claim management team of the insurance company will review your claim.
6. You will receive a leter of approval or rejecton from the team afer your claim has been verified

Filing a claim can be a dauntng task, but with these simple steps, you can ensure that your family's medical bills are covered. At insurejoy.com, our experts can help you with the claim process and any other health insurance-related queries. Contact us today to learn more about our services and how we can assist you.