12 things you should look out for before buying health insurance
A thread 🧵
You have to be a little wary of policies that come with co-pay. With co-pay, you need to pay a pre-decided amount from your own pocket whenever you make a claim.
The larger your expenses, the larger you’ll end up spending your own money, even with insurance.
This is something you need to be conscious of when making choices during hospitalization. Let’s deep dive into what will happen if your policy doesn’t have a room rent limit and when it does.
You have a health insurance cover of ₹15 lakhs, with *no room-rent limit*. You get treated for a condition that costs you ₹2 lakhs, and you paid ₹15,000 in room rent per day.
You have a health insurance cover of ₹15 lakhs, with a room rent limit of ₹12,000 per day. You get treated for a condition that costs you ₹2 lakhs, but you stayed in a room that costs you ₹15,000/day.
In this case, each component in your cost is proportionately deducted (12/15*cost), and therefore, you can only claim ₹1,60,000 of your total expenditure.
Check the attached image to understand how your claim amount gets reduced.
You might have thought the room rent doesn't matter as much - but it does.
During this period after you purchase a policy, you cannot make any claim. It’s typically between 30 to 90 days. This waiting period is waived in the event of an accident that leads to immediate hospitalization.
This applies to pre-existing diseases (like diabetes) present when a health insurance policy is bought. The insurer will accept your claims for treatment related to these diseases only if the waiting period you agreed upon has passed.
This means that the insurer applies a limit on the amount you can claim for treatments for specified conditions and diseases.
Save yourself that shock by going through the rest of this thread and also bookmarking it :)
After you buy a policy, you can cancel it within a certain free-look period, stating your reasons.
However, the insurer will not refund any medical tests, stamp duty charges done during this period.
The free-look period is typically 15 to 30 days.
This is the facility given by the insurer to you, for covering your pre and post-hospitalization expenses.
This will go a long way in saving you a lot of money (and stress!)
This means single-day treatments like eye surgery, etc. are covered by your health insurance policy.
Several common treatments require single day hospitalization, so you need to totally make sure that these are covered.
If you don't make any claim in a year, the insurer will reward you by increasing your coverage amount (with a max limit).
No claim bonuses are good-to-have on your policy.
If your policy has a domiciliary cover (quite some insurance-speak!), it means that you can claim money when you are treated at home.
This is great during these times because it’s really difficult to find hospital beds during the pandemic.
If you’ve completed 8 years of coverage, the insurer cannot reject an eligible claim, for any reason except for proven frauds and exclusions made in the policy documents.
If you spot these words, it means the insurance company provides you with a free health check-up.
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2/The good news: It's now an issue that everyone's talking about, and that everyone cares about.
3/More good news: Florida's proposition to give felons voting rights won. But it didn't just win - it won with substantial support from Republican voters.
That suggests there is still SOME grassroots support for democracy that transcends
4/Yet more good news: Michigan made it easier to vote. Again, by plebiscite, showing broad support for voting rights as an
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Module 1
Python makes it very easy to analyze and visualize time series data when you’re a beginner. It's easier when you don't have to install python on your PC (that's why it's a nano course, you'll learn python...
... on the go). You will not be required to install python in your PC but you will be using an amazing python editor, Google Colab Visit https://t.co/EZt0agsdlV
This course is for anyone out there who is confused, frustrated, and just wants this python/finance thing to work!
In Module 1 of this Nano course, we will learn about :
# Using Google Colab
# Importing libraries
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Intro link is here on YT: https://t.co/MqMSDBaQri
Create a new Notebook at https://t.co/EZt0agsdlV and name it AnythingOfYourChoice.ipynb
You got your notebook ready and now the game is on!
You can add code in these cells and add as many cells as you want
# Importing Libraries
Imports are pretty standard, with a few exceptions.
For the most part, you can import your libraries by running the import.
Type this in the first cell you see. You need not worry about what each of these does, we will understand it later.