By now, we all have realized that health insurance plans are a key aspect of our modern-day life, especially during these times of uncertainty. Another important part of our life is marriage. With marriage, comes a series of responsibilities. Life changes after marriage and with it, the financial liabilities also change. Therefore, one of the first steps that you should take after getting married is to reassess your existing health insurance plans and then change them accordingly.
Let us have a look at some of the changes that you should make to your insurance plan after getting married.
Re-evaluate the existing health insurance plan
The first step is to check your current medical insurance policy. If you are having group health insurance given by your employer, then change it to suitable individual health insurance or a family health insurance plan. Keep in mind the additional responsibilities while assessing your existing policy. You must also evaluate your spouse’s existing medical plans before taking any decision.
Understand your healthcare needs
It may happen that your existing healthcare plan was taken when you were young and now, your health requirements have changed. Moreover, the health requirements of a couple largely differ from the health requirements of a single person. Apart from this, some other factors are also important while considering health insurance plans such as the age and the health condition of the couple. It also depends upon your lifestyle choices, which change a lot after marriage. Therefore, keeping in mind all the factors, it is better to choose a plan after having a general health check-up of both spouses.
Upgrade your current health insurance plans
After you have become sure about your requirements, this is the right time to upgrade your current health insurance plans. If you are having an individual medical plan, then you must convert it to a family health insurance plan to include your spouse as well as your immediate relatives. The major advantage of a family plan is that you have to pay a single premium to extend the insurance coverage of all your family members. Moreover, you can also get tax benefits from a family health insurance plan.
Apply for maternity insurance
In most cases, the waiting period for getting maternity insurance is 0-4 years. You can claim the benefits of the maternity insurance only after the waiting period. Therefore, you must apply for it as soon as possible after marriage.
Get an add-on cover
You must also go for add-on plans over the basic insurance policy, which will provide security in cases of medical emergencies. Consult with your insurance company and select the best top-up plans that will be ideal for married couples. Some of the common top-up plans are critical illness insurance, personal accident cover, and likewise.