Important Changes to Make in your Health Insurance Policy after Marriage

Marriage is a major milestone in your personal life and once you tie the knot your responsibilities become manifold. From changes in your perception, to lifestyle changes, and from changes in obligations to financial changes, you have to manage it all. And getting the right health insurance for married couples is a crucial part of your overall risk management.

Here, you must remember that health insurance plans are also a part of your financial portfolio, just like making investments to meet your financial objectives. A sudden medical emergency, because of rising hospitalization expenses, can take a toll on your finances and you may be required to exhaust your savings.

List of the Required Changes in Health Insurance Policy After Marriage:

1. Reassess your existing Health Insurance Plan

The first step is to assess your current mediclaim policy. Are you still relying on the group health insurance, provided by your employer? If yes, then take immediate steps for changing health insurance after marriage by zeroing in on suitable individual health insurance or family health insurance plan. Getting insurance after marriage also involves evaluating the scope and extent of your existing policy and taking steps to enhance it. Similarly, take stock of your spouse’s existing plan and make the required changes.

2. Assess the Health Requirements

Health insurance after marriage also involves evaluating the health requirements of both yourself and your spouse. If both of you had earlier purchased policies which fitted the health requirements before marriage, it is now time for analyzing the existing health conditions and then choosing the right health insurance plan.

3. Opt for a Family Health Insurance Plan

When it comes to buying health insurance plans after marriage, you can opt for a family floater plan. You can then easily add your spouse to the plan. Along with covering the health requirements of your spouse, you can also include the names of your financially dependent family members, like elderly parents. Remember, family floater plans would cover all your family members as part of a single plan. Along with the reduced burden of premium payments, you can also avail tax benefits under Section 80 D of the Income Tax Act.

4. Consider Buying Add-On Benefit of Maternity Cover

Once you are married, you may opt to start a family shortly. So, getting insurance after marriage also involves choosing the best health insurance plan with maternity cover. Typically, this is an add-on benefit, which can be added to your existing health policy. Once you add the maternity cover to your current plan, take immediate steps for applying for this benefit. This is because maternity cover can have a waiting period, ranging anywhere from 2-4 years.

5. Select the Right Insurance Company

While zeroing in on the best health insurance plan consider the features and benefits offered by the insurance company. Along with comprehensive coverage, look for features such as coverage for daycare treatments, reimbursement of OPD and diagnostic costs, zero capping of room rent, cashless treatment at network hospitals, and so on. Also consider key factors such as affordability and flexibility in making premium payments, quick and hassle-free claims procedure and claim settlement ratio of the insurer. If you find that your existing insurance company falls short of providing key benefits, then consider changing health insurance after marriage.

Conclusion:

Thus, these are the essential considerations for getting health insurance after marriage. Buying health insurance plans after marriage is always an impeccable decision as it reinforces your commitment to take care of the health and well-being of your spouse. While selecting insurance after marriage, look for new-age insurance companies providing top service-related features. For the best health insurance plan, you can trust Niva Bupa, an insurance company providing superb benefits, like a wide network of over 4,500 top-quality hospitals, 24X7