There is a subtle difference between personal and corporate health insurance, most people are not aware of it
Which is better between corporate health insurance and personal health insurance? If this question comes to your mind that corporate health insurance is available, then this news is for you. Let us tell you about corporate health insurance and personal health insurance.
In today's time, if you go to work in any good company, then the companies provide many types of benefits apart from the salary. Although, your money is also deducted for them, yet if that benefit is useful to you in times of need, then the money deduction does not seem to be so heavy.
Health insurance is included in all these benefits. Companies give you a cover of some fixed amount by deducting a part of your salary.
Now the question is whether the cover provided by the company is enough. This is again personal, meaning there is a need to take separate health insurance.
Many people believe that the health insurance provided by companies is a complete cover, full cover means that you will get the entire money for your treatment from that cover.
But actually this is not true. Because the cover offered by companies has many limitations. The limit of the cover is also fixed. Therefore, people who have knowledge of insurance say that we should not depend only on the health insurance provided by the company.
Rather, we should take a separate insurance cover. Let us tell you some differences between company health insurance and personal health insurance, so that you will be able to understand both of them easily.
Corporate Health Insurance and its Limitations
Corporate health insurance is the insurance cover that companies provide to their employees. It also has some limitations and corporate health insurance often does not provide adequate cover for critical illnesses or long-term illnesses.
Limited protection for family members - Most corporate plans work on a floater basis and provide limited security for all family members.
At the same time, coverage for pre-existing medical conditions in corporate health insurance may be limited and corporate health insurance plans often have high deductibles and copays, which can make accessing medical care expensive.
Personal Health Insurance
You can take personal health insurance according to your convenience. You can get health insurance for any member of your family.
You just have to pay different premiums for this. You get more flexibility in individual or family plans. Along with this, you can feel more secure about your health care in this.