Care to Take When Changing Health Insurance: Covers, Exclusions, Limits and Capitals
Changing health insurance is a decision that should be taken with some care, especially to ensure that the new policy meets your needs and expectations. Analysing cover, exclusions, limits and capital is essential, as these factors determine the breadth of protection you expect to have and whether the insurance meets your needs and expectations.
In this article, we explore the main precautions you should take when considering a change of health insurance:
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Covers and Exclusions: Don't go for the price before you know the scope of the covers
One of the most common mistakes when changing health insurance is to focus exclusively on the cost of the new policy without thoroughly evaluating what it actually covers. It is essential to compare the coverage of each plan and identify potential exclusions that could limit access to the care you need. A policy's exclusions can vary considerably, especially in the case of conditions such as chronic and/or serious illnesses, childbirth or fertility treatments.
This detailed analysis makes it possible to avoid unpleasant surprises when using the insurance, ensuring that you maintain robust protection that suits your needs.
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Limits and Capital: Are you really safe?
Another important point to analyse is the coverage limits and insured capitals. These represent the maximum amount that the insurer will cover for certain types of treatment or, in some cases, for the entire policy. It is common for some health insurers to impose annual or per-event limits for each type of treatment, such as hospitalisations, surgeries or medical consultations. For example, hospitalisation may be covered up to a certain amount per year, which means that if the costs exceed this amount, the insured will have to cover the difference.
When it comes to changing your health insurance, it's important that you know the capitals. Sometimes a cheaper insurance policy offers very limited capital, which can result in high costs for treatments that would be fully covered if the policy were more comprehensive.
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Age Limits, Conditions of Membership and Permanence in the Policy
Most health insurances impose age limits for initial membership or for the insured person to continue in the policy after a certain age. These age limits can vary between insurers and policies, and not being aware of this information can lead to you being left uninsured when, theoretically, you need it most.
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The Question of Pre-Existing Diseases: Beware of Specific Exclusions
Pre-existing conditions are one of the biggest sources of exclusion or limitation in health insurance. These conditions, which were already present before the policy was taken out, are often not covered by new or transferred health insurance from other insurers. You should carefully check the conditions of the new insurance in relation to pre-existing illnesses.
There are insurances that may agree to cover pre-existing illnesses for an additional premium or after a grace period, in which the insured person is left without this specific cover for a certain period of time.
Changing health insurance requires a careful and detailed analysis, especially when taking into account cover, exclusions, limits, capital and issues related to age and pre-existing illnesses. The support of an insurance broker can be an asset in this process, as it helps to clarify doubts and choose the policy that best suits the needs of the insured.
Health is a precious commodity, and the guarantee of robust and adequate insurance is a fundamental security for any individual and family.
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Care to Take When Changing Health Insurance: Covers, Exclusions, Limits and Capitals
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