Once you’ve suited up on the 9 most common questions from your broker, there are a number of key factors that you may want to investigate before securing a health insurance plan. Insurance policies and benefits tend to differ between insurers so it is important to compare all the available options before finding a package that best suits your needs and requirements. By consulting our online plan comparison tool, you can easily compare the plans offered by different providers. The tool looks at the main aspects that you will need to consider before purchasing health insurance, such as whether the plan is inclusive of inpatient, outpatient, maternity, and/ or dental coverage, as well as the price of the premiums depending on your deductible (the specific amount that you agree to pay before your insurance coverage kicks in).
It is important to note that there are also a variety of less tangible benefits which are not necessarily written down but should also be considered, so that you find an insurance plan that works best for you. For example, if you travel or work abroad often, a critical consideration will be whether or not the plan in question covers you overseas. Another key factor you may also want to consider is prioritizing the most important aspects that you definitely want covered in your insurance policy, and perhaps dropping some of the benefits that you won’t be needing in order to lower your premiums.
It may seem tricky at first to navigate around all the less tangible factors that you may choose to consider before securing a plan. Thankfully, having worked with 30+ insurers over the past 16 years has clued us in to help you investigate some of the most important intangible benefits that are reflected in a plan’s pricing, coverage and usage. These considerations are identified in the infographic below.