Here are some main reasons to switch your health insurance provider:
i. Increasing cost of your premium-Due to the advancement of medical facilities, companies are coming up with lower monthly premiums and are offering better services than your previous health insurer.
ii. Better claim settlement-If policyholders are not satisfied by the claim settlement of their existing health insurance company, they can get their insurance ported to any other company.
iii. Providing better facilities at the same rate-There are few companies that cover more services than previous ones and offer better premium rates which might get easily fixed in your budget.
iv. Adding incentives while switching the insurance plan-Some insurance companies offer a discount on insurance premiums if we switch to their companies.
It could give you a better service while saving some of your money.
What does Porting your health insurance mean?
Porting your health insurance means transferring your current health insurance to a new company of your choice.
It also involves the transfer of no claim bonus and your waiting period so that you don’t have to start from the beginning and you don’t lose your cumulative bonus in the process.
Things to know before porting a health insurance
There are a few things you need to take care of, before porting your health insurance:
i. If you have certain diseases that require frequent visits to hospitals, then the new porting of health insurance can be canceled.
A history of renal failure or heart disease can also become a hindrance in your porting of health insurance.
ii. Most of the time, due to the low insurance premium, many companies try to grab attention, thus reducing the services they provide.
iii. Filling the form wrong or giving incorrect information can lead to the rejection of your application.
iv. Age also plays a significant factor that can lead to the non-portability of the insurance cover because due to advancing age, the problem of the diseases becomes frequent.
Steps to port your health insurance:
If you are planning to Switch Health Insurance, you should reach out to the new insurance company at least a few months before the expiration of your current insurance plan.
You can visit our website to learn more about what we can offer. If you find a new plan more beneficial than your existing plan, let us know, and we will help you secure the new policy and offer you free advice during the ongoing process.
We at health care clarity utilize our knowledge and experience to find the best policy suited for you and let you smoothly switch your insurance provider if you want.
If you are looking for a switching insurer, give us a call or visit our website to get a free quote and further advice on your every insurance-related quarry.
