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Can Diabetic Patients Benefit from a Health Insurance Plan?

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Everyone knows the importance of having health insurance. Even if one takes good care of one’s health, they can still have health problems at any time. This, in turn, can be financially stressful for many. This is where health insurance can help you pay for any health-related expenses such as medication and hospitalization. But things can be very difficult when it comes to diabetes, and because of the extra care and attention needed for diabetics, diabetes health insurance may be tricky to buy.

What is diabetes?

Diabetes is a condition in which your body’s insulin levels rise or fall from normal levels. To put it simply, it is difficult for the body to control its blood sugar levels. If not treated properly, it can lead to other health problems over time.

As it not only needs requires special care, it also needs constant care. It can put a family under financial pressure. It can lead to an increase in medical bills and can be a direct emotional and financial burden. In this situation, it is important to have health insurance. More importantly, it is important to put a lot of thought into buying it. Here are all the things you need consider when buying online health insurance:

  • Coverage

When you get health insurance for diabetes, look at how wide the coverage is. This is important as it determines the total sum assured that the patient will receive. Health insurance for a diabetic patient should cover medical expenses, medication, insulin costs, additional medical support, and any complications that may arise as a result of diabetes. Any state of inadequacy will require you to pay more out of your pocket during the hospital stay. * Standard T&C Apply

  • Waiting period

Diabetes is a disease that insurers consider to be a pre-existing condition and thus requires the insured to go through a waiting period. The waiting period is the time when the insurer does not cover the beneficiary’s medical expenses. At the time of purchase, the waiting period can last two or four years, so any health problems that may occur during this time are not covered. Generally, such waiting periods are found in health insurance for senior citizens. Therefore, check the waiting period and verify it before the purchase of health insurance for a diabetic person. * Standard T&C Apply

  • Premium

Usually, the premiums might be higher for diabetes insurance as compared to regular health insurance. Insurance companies regard diabetes as a pre-existing ailment and thus result in an impact on the premium amount. Keep in mind that the coverage that the insurer offers will match the premium. Thus, if you are a patient, it shouldn’t hold you back from availing the best health insurance for diabetics.

In general, premiums may be higher for an insured person that suffers from diabetes compared to a regular beneficiary. As insurance companies consider the illness to be a pre-existing disease, it does have an impact on the premium that you would have to pay for the policy. However, for the higher cost, you will also get enough coverage. Hence, if you need to cover people suffering from diabetes under health insurance, it is better to be ready to pay a bit higher amount as premium. However, health insurance premium calculator is a nifty tool that can be used to compare the various plans and select the best one. * Standard T&C Apply

Diabetes can be a challenge as it requires constant and special care. But it doesn’t have to affect your money. With proper health insurance, any one with diabetes can live a stress-free, comfortable, and healthy life. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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