Some Important Aspects of Hospital Plans and How to Choose Them

by Armstrong Louis HR

In modern, technologically advanced era human lives are at an increased risk of life-threatening diseases because of their busy and unhealthy lifestyle. Because of their carefree attitude to their lives, they are falling prey to many critical illnesses that require a heart transplant, coronary bypass surgery, kidney transplant, angioplasty, renal failure treatment or brain tumour surgery. All these diseases not only bring about mental and physical devastation but they also cause heavy financial damages to millions of persons and their families. However, proper medical plan, critical illness plan and hospital plan in countries like South Africa, UK, and the USA provide you and your family proper financial support in the times of dire crisis.

Although a healthy diet and regular exercise help you to keep away some unwanted ailments, there are other causes like hereditary, accidents etc that can cause severe damages to your health. For this reason, medical insurance plans, critical illness plan or hospital plans play a vital role in providing security for you and your family.

Some of the aspects of hospital plans are discussed below:

i) A hospital plan is a bit different from a general medical plan or a critical illness plan. A hospital insurance plan is a type of health insurance that covers all the services provided in a hospital including the surgery for a person for serious illnesses like cancer, coronary artery diseases, heart attack, stroke etc. Hospital insurance plan can be defined as benefit plans as the payment that they make is defined and fixed. A medical plan, on the other hand, is a compensation plan that helps in incurring the expenses.

ii) A hospital plan works somewhat differently than the other medical insurance plans and critical illness plans. Unlike most of the medical plans, a hospital plan provides a total benefit which can be used to pay all the hospital expenses regarding the ailments.

iii.) It is quite certain that when it comes to the full coverage and protection, health insurance plans like Medclaim, Family Floater etc are beneficial for the security for you and your family’s health. But hospital plans play a vital role as it can also be added as a rider to your base plan. Thus, it provides two options for you. Firstly, the base policy continues even after the rider is used and secondly the policy ends if the hospital plan is used anytime during the period.

iv.) While buying any medical insurance plan or hospital plan you should think of adding critical illness plan to it. You can also buy critical illness plan separately for yourself and your spouse.

In conclusion, it can be said that serious medical illness can even cause bankruptcies in many countries like South Africa. Medical insurance plans and hospital plans play a vital role in providing proper security. Many medical schemes and hospital plans have specific directives on organ transplants, cancer treatment, ambulance and emergency services, medical appliances, HV/Aids treatment that provide proper coverage for you and your family.