A health emergency can create a financial crisis for anyone. Health insurance is a very important tool to cover your medical expenses when you need it. However, the current Covid-19 pandemic has made us realize that a comprehensive health insurance policy is very important as it should cover the maximum cost to minimize your medical bill. Nowadays, you need health insurance that offers a higher insured amount than a regular health insurance policy.
If you feel that your health coverage is insufficient to meet your current needs, you can opt for a super complementary health insurance to increase your health coverage. It helps you cover your additional medical expenses if you exhaust all your existing insurance coverage. Once the deductible is paid, the super supplementary policy becomes active for subsequent claims. Unlike a regular supplemental plan, it covers cumulative expenses that cover single claims beyond deductibles.
Often, obtaining additional insurance benefits through an existing health insurance policy becomes costly, and this is where the super supplementary policy comes to your aid. It gives you coverage beyond your deductible limit. It helps cover additional medical costs when your hospital bill exceeds the coverage limit of your existing policy. You’ll need to pay the deductible amount from your existing health plan, and the extra cost can be paid using the super supplemental plan depending on the policy amount, according to Bankbazaar.
For example, you have health insurance of up to Rs 5 lakh. You bought a super supplementary insurance plan of Rs 3 lakh. The total amount insured is Rs 8 lakh with a deductible threshold/limit of Rs 5 lakh. Suppose your medical bill is Rs 8 lakh. You will pay Rs 5 lakh from your base policy and Rs 3 lakh from the super add-on plan. One of the great features of the super add-on plan is that it allows multiple claims and the policy only lapses when the total amount is exhausted.
It’s good to compare different super recharge plans and see which best suits your needs. Also, make sure the amount of the policy is sufficient to cover your medical expenses and those of your family. otherwise, having a great supplemental plan won’t make a difference if it fails to meet your emergency medical bills.
A super supplemental plan provides maximum medical expense coverage with a minimum premium. Some super health supplement policies and premiums are listed below:
What does a Rs 5 Lakh super recharge policy cost?
Note: Data refers to Individual Super Top Up Health Insurance Cover of Rs 5 lakh with a deductible of Rs 5 Lakh for a 30 year old resident of Bangalore and is correct as of 10th May 2022. Data is indicative. The actual premium and information may differ from the data mentioned in the table.