Why does one need an individual health insurance policy though his company covers him under a group plan?
Corporate Health cover will be available to you only till you are part of the company. Also, it might be available only to a specific amount. It might not be sufficient when a medical contingency occurs. Hence it would be advisable to go for an individual health insurance policy. Your employer will cover your medical expenses only as long as you are in his services. Tomorrow, you may change your job, retire, or even start something on your own. In all such cases you and your family will be stranded if a medical emergency arises and you have not arranged for an alternative health insurance policy. It is at this point of time that Family Floater Health Insurance policy will come to your rescue. Reliance Health Care Insurance policy can also act as a supplement to your existing medical cover in case the cost of medical treatment is higher than your existing cover level.
Related Questions
- Our company currently has a policy with Health Plan of Nevada. Can we switch to the Chambers group insurance plan?
- Why does one need an individual health insurance policy though his company covers him under a group plan?
- Can a health insurance company or health service plan cancel my policy for membership for any reason?
