WHY IS HEALTH INSURANCE IMPORTANT? Savings The best part about health insurance is it helps to keep your savings intact in case there is a medical emergency. The insurer will take care of all the expenses such as hospitalization, drugs/medicines, etc. A health insurance plan is a trusted way to ensure a healthy and financially stable future. Security of Family’s health Protecting the health of self and your family members or parents is necessary. You can protect your family members by investing regularly in the family floater plan wherein you can also get health cover for your parents. This type of health insurance ensures that all types of medical treatments are covered. High Medical Costs Due to the high healthcare services cost, you may not be able to afford treatment. But when you have a health insurance cover, you can avail quality treatment at the best network hospitals. Network hospitals are those wherein insu...
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What is Health Insurance Health insurance is a type of insurance coverage that typically pays for medical, surgical, prescription drug and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. It is often included in employer benefit packages as a means of enticing quality employees, with premiums partially covered by the employer but often also deducted from employee pay checks. The cost of health insurance premiums is deductible to the payer, and the benefits received are tax-free, with certain exceptions for S Corporation Employees. · Buying a health insurance policy for yourself and your family is important because medical care is expensive, especially in the private sector. Hospitalisati...
Do You Own Business ?? - Now its mandatory to provide Health Insurance to your Employees !!
Health Insurance Now Mandatory For All Your Employees!!! Covid-19 Pandemic has changed the world in many parameters and the most important change is the concern related to healthcare. Recent notification from Home Ministry has mandated all the employers (small, medium and large businesses) to provide Health Insurance cover to their employees immediately after the lockdown gets over, when they resume their businesses. Earlier, it was not mandatory, though, many big companies were providing Group Medical Cover (GMC) to their employees to retain their talent and to get tax benefits for their company. Last week, due to Covid-19 Pandemic, new guidelines for all the businesses were issued keeping in mind the healthcare practices for their employees. A part of the Consolidated Revised Guidelines by Ministry of Home Affairs (MHA), Government Of India, delivered on 15 th April 2020, states that: All industrial and commercial establishments, workplaces, offices etc...
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