If you search for health insurance quotes online, you will receive a range of prices from different insurance companies for very similar policies. Different insurance companies assign differing values to components in your risk profile. The information in your insurance application, and your medical history, comprise your risk profile.

If an insurance company reviews your risk profile and determines that they want to provide you with health insurance, they calculate the insurance premiums based on the information in your individual application and provide you with a quote for the policy. Each company uses a different set of standards and assumptions to calculate that premium. Many different risk factors affect premium prices for most plans.

In this blog series we will tell you some tips and tricks of how to lower down your health insurance premium this much that it will not ask for your arm and leg:

1. Pay only for whats needed, and review your policy regularly

It makes no sense to pay for obstetrics and IVF if you are in the mature stage of your life. The same applies to a young person paying for treatment more common for older people. Look closely at policies to find one that best suits your needs at your stage in life.

You should periodically reassess your insurance needs. Things you should think about include:

• Do you have children that go to the doctor often?
• Do you take a lot of prescription drugs?
• Are tax breaks important to you?
• Are you willing to assume the cost of routine health in exchange for much lower premiums?”

The following considerations will help you to save money on your insurance premium evidently.

2. Trade up group health insurance plans

It also helps to lower down you insurance premium If both you and your spouse have group health insurance plans available through work, calculate which one will cover both your needs at the lowest cost. For some people, group rates might not offer the best value — an individual family plan might offer a cheaper option.

3. Get Separate Coverage For the Family

You may notice a few changes in your health care coverage (if it’s by your employer) as it pertains to the rest of your family.  One trend that is expected is to see a decrease in the subsidy that is allowed to pay for the family’s coverage in employer health plans. With the sudden spike in cost, it could make sense to keep only yourself on your policy and your employer and put your spouse and kids on their own policy.

4. Shop around!

When you’re looking for a doctor for yourself or your family, you don’t pick the first one you see – so don’t pick the first health insurance policy you hear about.

You will be surprised what you find when you compare policies. You may get the same cover for less or more cover for the price you are currently paying. As with anything financial, it pays to keep tabs on what’s happening in the market, as nothing stays the same.

Keep in mind that saving money on insurance is not all there is to it. The cheapest health insurance policy is highly unlikely to be the best – that’s why here at Smartchoice, we compare health insurance based on price and features.

5. Change your co-insurance ratio

Your co-insurance ratio is how much you will pay after you have met your deductible.

A common ratio is 80/20. This means that after you pay your deductible toward health care expenses, your insurer pays 80 percent of the bill and you pay 20 percent. Changing this ratio so you pay more will mean a lower health insurance premium. Just as with raising your deductible, you have to weigh the costs versus risks.

6. Payment at right time

Most people wait to pay until after a medical procedure like surgery or hospitalization. But you could be missing out on potential savings, If you already have coverage and you have a procedure that is coming up, ask about pre-paying or paying in-full to receive a discount,” 

This may differ from policy to policy.

7. Choose the right places to get care

Running to the emergency room every time you need after-hours care might be draining your wallet. The ER should be your last resort—consider more affordable options like urgent care clinics . You may want to research a bit beforehand—prices can vary between similar facilities. By opting for a stand-alone radiology and surgery center, you’re looking at big savings. Your physician may also work at multiple hospitals or surgery centers, so ask for assistance to shop around for the best price.”

8. Enroll in a wellness incentive

Some companies will offer a lower premium to employees who participate in wellness challenges or check off certain tasks for preventative health, or  might get free coverage just by getting in a certain number of steps, for example. If you join one of these incentive programs.This may help you to save money on your insurance premiums.

9. Don’t beg, NEGOTIATE!

Did you know that almost eight out of 10 medical bills have some type of error? That’s all the proof you need to go through each bill with a fine-toothed comb. “It pays to ask for the full bill and check it for inaccuracies, Do the same with the explanation of benefits from your health insurance agency. If you notice something doesn’t look right, call your insurance provider and ask questions.

CONCLUSION

While many of these factors are beyond your control, you have the ability to lose weight, quit smoking, and move. Taking good care of your health and controlling the risk factors mentioned here reduces health insurance premiums now and in the future.

In addition, you can save money on your health insurance premiums by choosing higher deductibles. Review insurance quotes carefully; if you have to pay more out-of-pocket expenses for the benefits you use the most, even the cheapest plan might end up costing you more in the end. You can always in touch with our representative and compare the best prices. HAPPY SAVING

Khurram Zahid

The post How to Lower Health Insurance Premiums appeared first on Smartchoice.pk.

That we save up some money and start to feel good about our finances.

Then, a financial emergency comes along and wipes it all away,

We are back to square one.

Leaves us all frustrated!

But how can we jump off this perpetual roller coaster without getting hurt?

We need to decide what is a Financial Emergency Kit, before getting to that there is another question that needs to be answered first and that is what can actually be the financial emergencies that we may find ourselves in need the financial emergency Kit:

Unexpected Job Loss:

Even if you’re amazing at your job, you may be laid off or otherwise unable to work. You’ll need to be prepared for that kind of income shortfall as well. You will also want to start reducing your expenses and attempting to increase your income in other ways.

Unexpected Medical/Dental Expenses:

If you or someone in your family suddenly becomes ill and your health insurance doesn’t cover all of the cost, you may need to pay some of those bills immediately.
Just don’t forget to get a health insurance, so under certain emergencies, you can negotiate these costs with your insurance and at least get some relaxation when the emergency arises and pay less than full price for a certain emergency.

Unexpected Travel:

If you have a family member that suddenly falls ill or pass away, you may have some unexpected travel, which may create a dent in the budget and may create a financial emergency causing strain on your mental peace.

Unexpected Car Expenses:

If your primary vehicle needs immediate repair so you can continue to work, so that is the cost that needs immediate attention.

Natural disasters:

Natural disasters are something that is unforeseen yet there are certain things that we prepare ourselves against by getting Insurance that covers many natural disasters, but you may discover certain specific expenses are not included or that your insurance plan doesn’t reference specific disasters, so it may be one of the things that check your financial emergency checkbox.

Major home repairs:

If your roof starts to leak, all of a sudden in a rainy season you’ll need to fix it immediately. Some home issues could render your house unlivable, and others will only increase in severity the longer you allow them to go unaddressed.

This kind of emergency is inevitable and needs to be handled on an urgent basis, so yeah some plan/alternative should be there for this unknown-unknown risk, that may arise at an unexpected time creating a chaos in your financial calendar.

What’s an Emergency Fund Anyway?

An emergency fund is simply defined as an account where you set aside funds/measures/policies to be used for unexpected expenses. It’s a “just in case” account.
You want to have something that mitigates risks, so you don’t need to rely on debt when a financial emergency inevitably arises.

A long-term financial emergency arises (i.e. job loss, the death of your parents, spouse) so that you can weather the storm much longer.

What are the Essentials of your Financial Emergency Kit?
Some of the things that are important to face/overcome your financial catastrophe can be as follows

Estate/Wills documents:

Estate planning is really the highest form of financial emergency planning because it addresses the ultimate personal financial emergencies, medical exhaustion or death.
Make sure your family has an easy access to this material if something happens to you or your loved one your emergency kit includes, estate documents would include copies of current wills (for you and your spouse or partner, children etc.), your advanced directives health/financial powers of attorney (which designate specific individuals to step in to manage your money or healthcare if you cannot do so) as well as other documents that provide additional guidance for operating businesses and managing and distributing other assets you have.
Make sure these documents are always current and that contact information is included for all the qualified experts you took assistance to prepare them estate or business attorneys, tax professionals and financial planners.

Insurance policies:

Having insurance policies such as (life, car, home) is an important and wise decision one can make regarding your assets, they are your coverage against a natural disaster or any uncertain situation, but it’s important to think a little more broadly. File as much policy and contact detail as you can for any health, disability, business, life and accident coverage you have and remember that it’s particularly important to note or file documentation on this coverage at work, too. Sometimes we sign up rather blindly for work-based benefits only to realize how important they may be in a financial emergency.

Set some cash aside:

Plan for at least three months’ worth of expenses, the size of your emergency fund will vary based on your personal risk tolerance, the types of emergencies you’re most likely to encounter, and your personal circumstances (including your income).

However, it is recommended that you set aside at least three months’ worth of expenses and preferably six months or more. You need to know how much you spend in a typical month and plan to cover at least three months to be safe.
Only use the fund for real emergencies. Once you have established such a fund, don’t tap into it for anything else. This isn’t a reserve of handy extra money you can use for a vacation nor is it a surplus for splurging on Ramadan and festivals gift shopping. The fund is only for emergencies and shouldn’t be touched until you’re forced to cover an expense that your regular income can’t absorb.

Have a backup plan:

If your emergency fund isn’t enough to cover an unexpected expense/ condition you need to have backup plans do you have in place.

It may seem redundant to have an emergency fund to cover your emergency fund, but you’ll be glad that backup parachute is there if you should need it, Credit cards, it helps in keeping the insulating layer of funds if needed in emergency, make your retirement plans so you don’t have to work when you can have some peaceful time, establish college savings for your children, to meet the needs when time be and obviously, you shouldn’t use them unless you have to.

Be-Proactive:

If you can, try to prevent emergencies before they occur, Invest in solid insurance policies that protect you from the bulk of unplanned expenses you’d otherwise face. Take care of your home with upgrades and as-needed repairs, get regular medical checkups and keep your vehicle in good running condition.

What about the Other Financial Emergencies? What about all of those other expenses that depleted your savings in the past?

There are things like gifts, vacations, insurance premiums, school field trips, sports uniforms, etc., right?
Those types of expenses are not emergencies; they’re not even unexpected, they just occur at irregular intervals. If you sit down and think through these types of expenses, you can plan more appropriately for them.
For example, if you know that you’re going to spend PKR 50, 000 during the holidays, you need to start saving several months in advance. Even some of the expenses you think are unexpected (i.e. school field trips), are actually not, you know they’re going to occur, but maybe just not when. Just set some money aside for these types of expenses on a monthly basis and dip into it when needed.

Plan Ahead for these Irregular Expenses

One of the best ways to plan ahead for irregular expenses is to create an annual budget,by viewing the next 12 months of income and expenses, you can see if an irregular expense will fit into the month it normally occurs. If it doesn’t, you’ll need to start setting aside money for the expense several months in advance.

For example, if your child’s college fee is PKR 60, 000 and it’s due every six months, you might want to save PKR 20, 000 per month for the three months before the fee is due.
If you can’t budget PKR 20, 000 per month, you need to start saving PKR 10, 000 per month for six months before the fee is due.
By planning ahead, you’ll have the money set aside and you can pay the bill without having to dip into your emergency fund or worse, having to take on debt.

Here’s what you to do should do:

Grab a blank piece of paper and think about all of the irregular expenses you have throughout the year. You may need to look at your statements to help jog your memory.
• Write these expenses down and include the dates you need to pay them and how much they normally cost.
• Create an annual budget and start plugging in these irregular expenses.
• Adjust the expenses in your annual budget until you’re able to not go over budget in any given month.
• Start saving for these expenses in separate savings accounts
• Pull the money when the bill is due and start saving for the next time!

Building a financial emergency kit requires some thinking, but it can help you avoid major losses and speed up decision making in a crisis. Work with people you trust to make it accessible and useful to your family and trusted individuals, as well the expenditures which are irregular sort it out beforehand by setting aside some funds and not mixing or overlapping it your emergency funds as emergency funds are just for emergencies so, If you find yourself facing a major life crisis, you would be prepared to handle the financial fallout.

Khurram Zahid

The post 5 Essentials for your Financial Emergency Kit appeared first on Smartchoice.pk.

Jubilee Insurance has been one of that kind of a company having the vision to facilitate people with all such kinds of umbrellas that shall help them through any such situations and when searching for any kind of insurance of comprehensive plans Jubilee general insurance is our very first destination.

Those who are looking for health insurance are surely aware of the list of companies that appear on our screen who claim to offer exclusive health insurance plans. If you are one such individual do not fall for fake promises. Most of these companies are not even clear with what is meant by health insurance and what the main purpose of offering any such service is. This is where the Jubilee General Insurance has come up with the innovative plans that make it stand different from other companies and it is the reason why most of the people trust Jubilee insurance for their services.

The Jubilee General Insurance has offered new health insurance plans on the basis of years of experience excellence, passion, and integrity. Jubilee General Insurance is known as one of the most reputed health insurance service providers in Pakistan. It is associated with some of the well-known hospitals across Pakistan with its head office located in Karachi and an exclusive network in all the major cities of the country.

With the revolution in the insurance sector, around the globe, Jubilee General Insurance has come up with amazing ideas to facilitate customers with the best of services.

With its latest approaches, Jubilee General Insurance is able to be known as s disruptor and innovator of traditional services and high quality of the products delivered. With the help of digital media, Jubilee General Insurance is progressing rapidly with a faster, convenient and reliable automation processing and enhance control over the delivery of a better customer experience.

Recently Jubilee General Insurance has come up with new insurance plans every single person in our family. These plans are crafted based on the needs of an individual giving the customer and ease to pay only for the services they are willing to avail.

• The Parent Care Insurance Plan by Jubilee General Insurance:

The Jubilee General Insurance, for the very first time in Pakistan, has introduced the Parent Care insurance plan that is innovative and one of its kind health insurance plan for the masses. This plan is specifically for the people who at the time of registering for the plan fall in the age bracket of 45 to 65 years of age and can be renewed till the age of 70.

The hook of the idea is that you can buy the plan for your own self, your spouse, parents or even for your parent’s in law. Jubilee General Insurance has also facilitated the customers to buy this plan online with just a few and easy steps. This plan is specifically designed by the experts keeping in mind all the needs of the customers and this is the reason why every single detail needs to be available with the high level of convenience for both the parties making sure that in all cases the person gets comprehensive healthcare cover.

• Product Features of Parent Care Plan:

The parent care health insurance plan by Jubilee General Insurance offers a number of perks to the insurer including;  

•   Provision of cashless benefits with the help of preferred service providers
•   No initial medical tests
•   Limited health cover for already existing health issues
•   A free look period of 14 days with the option of cancellation if you are not satisfied

What are the Value Added Services?

The plan also offers you credit facility to be used on more than 200 hospitals in the country, the user shall also get a customized health care card. You can use this plan with the help of any of the two given packages; Silver plan worth of PKR 200,000 or Gold Plan worth PKR 300,000.

This package is available for people within a certain age limit and they can switch the plan after renewal, this plan is for the Pakistani nationals only. You can find more details about the plan in the plan section of the Jubilee insurance website.

• The Critical Care Insurance Plan:

Life is unpredictable and you may need a helping hand at any time in your life. This is the reason why  Jubilee General Insurance offers the plan that offers the critical health care services with the help of exclusively designed critical care insurance plan. It is designed to help you protect your life in the time when you are all alone to meet all your needs.

Product Features of the Critical Care Insurance Plan:

The Jubilee General Insurance Critical Care Insurance Plan is specifically designed to cover get insured person in case he or she is diagnosed for the 7 major critical illness that is pointed out in the policy. The service provider will pay the whole amount of the covered limit without asking for any medical test or bills. Other prominent features of the plan include the cash to pay to for medical treatments that are not covered by the health plan, the cash to pay your loans, the cash to pay for the child school or college, the cash for traveling for the treatment and the cash for maintaining your lifestyle. You can also seek help from round the clock emergency services.

What Critical Diseases are covered?

The critical diseases that are covered in the critical illness plan by Jubilee include; open-chest coronary artery bypass surgery; cancer; heart attack; stroke; kidney failure; paralysis and major organ transplant. You can find more details about the plan by visiting the official website of Jubilee General Insurance.

HerCare Health Care Insurance Plan:

We do celebrate a special day for women-but do we have any especially insurance plan for HER?

Celebrating a day once a year is not enough to celebrate women and the beauty and joy she brings to everyone’s life, A women also needs care and not just in the general, but in a special way, as they are special their  needs should also be taken care in a special manner, for that Jubilee general insurance has come up with a customized plan for women focusing specifically on the women and offered a comprehensive insurance plan to help these ladies in stage or phase of their life.

What Does the HerCare Insurance Plan Include?

The HerCare Insurance plan, offered by the Jubilee General Insurance is all about offering a specific critical illness policy for her care is focused on covering the most commonly found health issues and critical illness, specific to women. This policy can offer a lump-sum amount that is insured if the women who own the insurance is found to have any of the following critical diseases; Breast Cancer; Cervical Cancer; Burns; Paralysis or Multi-trauma; Fallopian Tube Cancer; Uterine or Endometrial Cancer; Vaginal Cancer; and Ovarian Cancer.

It is the right time to bring the change, take your first step today to secure the future of your loved ones tomorrow. Jubilee General Insurance is focused to offer you all the services that you may ever wish to have to ensure the well-being of your family, with amazing Jubilee General Insurance policies and plans, you can now have it all, right on your fingertips.

Khurram Zahid

The post Top 3 Distinctive Health Insurance Plans from Jubilee General Insurance appeared first on Smartchoice.pk.

Making this platform easy to use and feature rich at the same time has always been first tasks in our to-do list. Therefore, after months of hard work by the whole team, Smartchoice.pk has finally launched a new version. The new version is equipped with a better user interface, advanced features, more benefits and enhanced experience for our valued users.

Here are some of our newest features and benefits, but there are more to explore:

Advanced Search to Quickly Find Products

Now you can search your desired personal finance products by product name, provider name or by category name.

For instance, if you are looking to see Bank Alfalah credit card options, simply write “Alfalah Credit Card” and hit search. You get to the result page with all Alfalah credit card listings and information.

Same you can do with broadband, car, health and travel insurance and car financing.

Check out the search on home page

Compare Better with Less Input

The crux of our business is “The Comparison”. A user should compare desired financial product head to head from a pool of providers before going for a final buying decision.

Therefore we put extra effort to make this feature more advanced yet simplified enough to take you to required information in just a few seconds.

We tried to keep it mostly click based with less typing. You can compare multiple products from different providers way better than before.

Try the comparison

Filter Results Specific to Your Need

We understand that you want to see information specific to your requirements. Therefore, we have added filter functionality to keep results as specific as possible.

You can easily filter results by provider name, pricing, coverage, type and more.

Try this out in search result page

Easily Navigate on Mobile Devices

50% of our users come from mobile devices. Therefore, since we started working on a new interface, our top priority was to keep it as mobile friendly as possible to cater our users more efficiently who are coming from mobile and tablet devices.

We have optimized it for each mobile operating systems and different screen sizes. You can use all the features and find information as easily on any mobile device as you do on a desktop computer.

Track Activities with Facebook Login

As we want to keep everything simple and easy to use on our website, therefore rather going for long forms and complicated signup process, we have put just a click signup from your facebook account.

Facebook signup on our website is officially authorized from Facebook. You login into a secure environment with complete information privacy.

After login with facebook, you can keep track of all your past activities, product search, and purchase history and maintain your user profile for future transactions.

Now Compare Credit Card & Car Financing

Smartchoice has offered broadband internet and insurance policies. Now banking products are added into the array to compare and select.

We have partnered with top banks in Pakistan to offer credit card and car financing options. Updated and complete information, compare them, select one and easily apply online.

Experience now, visit Smartchoice.pk

Sibtain Jiwani

smartchoice.pk

The post Smartchoice.pk Introduces New Features with Better User Experience appeared first on Smartchoice.pk.

What HR should consider before offering health insurance

When you are a company offering health insurance to your employees, it positively effects your company though you have to weigh out the risk factors also as it deals with big amounts. Here are a few things your HR should compare before selecting an health insurance plan for employees:

Related Read: Why Health Insurance is NOT a Thing to Avoid

1. Weigh out the disadvantages

Insurance premiums tend to change every year, so you should have a good know-how on the working of the particular insurance company and their fluctuations. Carefully analyze the terms and conditions, the duration and the extent to which the insurance is provided. Compare the upfront costs and the payment pattern of different companies and see which one suits you best.

2. The number of employees in your company

Depending on what size of a company you are, HR must be very careful in deciding this sort of thing. While smaller company or an entrepreneurial venture may have lesser employees, they also have a smaller amount go capital they can invest in health insurance. All of these things certainly count when deciding health insurance policies.

3. Look for a renowned trusted insurance company

In today’s world, being fooled at all levels is very common. It’s better to be safe than sorry. Insurances, over time tend to take up a good amount from us, and if it is not returned as promised, it will be counted as a very big loss, leading to a loss of trust and reputation of your company. The employees expect you to authenticate the insurance company that you are offering, hence it is important for your HR to carefully look into the credibility of the insurance company and try getting the ones that are known and trusted in the market.

Related Read: 5 Questions to Ask Before Going for Health Insurance in Pakistan

4. The post you are offering the insurance too

Like with every post, the salary varies, similarly the insurance policies should be such that they cater to the position your employee is on and is worth their standard. This not only attracts the best of employees to apply, but also gives a good outlook to your company’s attitude towards its workers.

5. Coverage

This is the most important factor which determines the worth of an insurance. As per definition, insurance coverage is ‘the amount of risk or liability that is covered for an individual or entity by way of insurance services. Insurance coverage, such as auto insurance, life insurance – or more exotic forms, such as hole-in-one insurance – is issued by an insurer in the event of unforeseen occurrences.’

6. Claim process

This includes the procedure of pre or post payments by the insurance company. It refers to the process of submitting medical slips to the company and claiming the money. This is the core procedure in any insurance company.

7. Existing illness

A pre-existing condition is a medical condition that started before a person’s health insurance went into effect. This is important for employees who are suffering from a particular illness which is lifelong before getting the insurance. This is a very common phenomenon, hence should be taken into consideration.

8. Deductible, co-payment and the coinsurance

Deductible is the amount that you have to pay before the insurance companies starts covering your eligible health costs. Co-payment is something similar to deductible but has to be paid each time you want to use your insurance. However, coinsurance is the percentage of cost that you will have to pay during any medical procedure (this is your share of the total cost). As it is evident from the definition, this is how the insurance companies work, thus it is one of the core information that has to be evaluated by the HR before final selection.

Related Read: 6 Vital Dos And Don’ts Of Health Insurance Plans

Companies, especially newer companies and entrepreneurial ventures, should seriously consider giving their employees health insurance. Nowadays, health insurance is a huge attraction for those interested in any job.

Khurram Zahid

The post Going to Offer Health Insurance to Your Employees? These 8 Things Your HR Should be Comparing appeared first on Smartchoice.pk.

Health insurance is when you insure the availability of money via an insurance company of your choice, for the chance of an unfortunate circumstance such as an injury or an illness that requires a lot of money to be treated. In Pakistan, mostly salaried people or people who earn a mediocre amount of money pay a specified amount to insurance companies as per their packages to ensure that money is available to pay for health care. The company then holds responsibility to make the money available when you require it. Different companies offer different packages and you choose according to what you can afford and what you may want to attain in the time of need. Compare health insurance policies from different companies before deciding upon a specific plan.

Why is health insurance necessary?

Following are some of the factors that prove that health insurance is necessary in a capitalistic environment like ours:

1. The government and private healthcare division has created classes in the system itself and quality healthcare, in a developing country like Pakistan. Good healthcare can only be bought with money because the better it is the costlier it gets. To ensure recovery, a person spends as much money as possible on health and to be able to do that, money must be invested and saved for the sole purpose of meeting up with medical needs.

2. The working sector of Pakistan, or the middle class, do not pay as much attention on their health as they should because as it appears, they do not get the time to visit the doctor every once in a while, to get check-ups.

3. Personal level savings are not reliable in such cases because they are more subjected to be used for other purposes and it is very difficult to save up for separate uses at a domestic level. Generally, money is mostly saved without setting out goals or uses. The only way that remains is health insurance.

4. To think that medical expenses can be escaped is highly impractical since we live in a developing country like Pakistan where pollution, accidents, terrorist attacks, diseases like heart attack, high and low blood pressure and diabetes are very common. Health insurance in Pakistan will help remove a potential burden from your finance and will allow you to be worry-free from a very important and inevitable part of your life.

Hence, health insurance is very much necessary to meet up with your health needs as per requirement. It is easy to compare health insurance in Pakistan because all details are available online and health insurance quotes are also easily available. Anyone can research about different health insurance policies in no time.

Related Read: 5 Questions to Ask Before Going for Health Insurance in Pakistan

Consequences of not getting health insurance

1. Risking precious lives due to lack of money:

The obvious consequence is not having enough money and ending up risking a life by not choosing to rely on health insurance.

2. The psychological pressure:

Unavailability of money would result in extended disease and that further would mean psychological pressure and would make you regret your decision of not getting a health insurance.

3. Use of other savings:

In such circumstances people use up their general domestic level savings having no other choice and little money is then left for emergency use or any other purposes you may require it for. Honestly, some health insurance policies are not even that expensive and you can easily check which ones suit your budget by comparing health insurance quotes.

4. Financial strain on the monthly budget:

Regular check ups will also put a dent on your monthly budget effecting your daily livelihood drastically.

Related Read: 6 Vital Dos And Don’ts Of Health Insurance Plans

The affordability of health insurance in Pakistan

To give you a summary as to how health insurance works and how is it therefore very much affordable, here is an overview of the steps to be followed:

1. The fact that you choose your own package as per your demands is what makes it affordable. Compare health insurance packages and policies of different companies and chose the one that you think is feasible for you and meets your needs. This would depend on the money you can offer to the company and how you can submit it, i.e. monthly, annually etc. Different companies offer a variety of policies that can even cover complete all medical expenses. Examples include family health-care plan to meet the medical needs of your family as a whole, personal injuries can also be covered along with expenses for in-home treatments of minor surgeries, services such as hiring an ambulance for transportation and burial costs for if in unfortunate cases the patient dies. Health insurance quotes ensure that you can look at which health insurance packages are most applicable for you.

2. After comparing health insurance and choosing it, all there is left to do is to buy the plan and submit investments as per your package and you will be saved from the extra effort of worrying yourself about your health expenditure.

Related Read: Government & SECP Announce New Initiatives To Boost Health Insurance In Pakistan!

There remains no reason of not choosing to invest in health insurance, because it is incredibly necessary for the majority of the population of Pakistan that consists of working class or salaried people. Health being one of the vital needs of human beings, demands capital investment and avoiding health insurance is similar to avoiding health itself.

Khurram Zahid

The post Why Health Insurance is NOT a Thing to Avoid appeared first on Smartchoice.pk.

Get the companionship of an amazing partner, start a new chapter and a whole new life and finally, set a home of our own. Isn’t it? Most of us desire to end up in future this way. To initiate a fresh start, build up an empire of your own and have family, lovely kids and feel complete in its truest meaning.

However during this course of time, while establishing a sound life and family, we tend to forget our own health and mental status. Many couples show negligence toward their own well-being and this affects them adversely in the longer run.

Below are the top 5 health care tips for the couples with kids so they can stay fit and energetic to continue the life cycle and maintain a balance between their own stability and other responsibilities doing full justice to both.

Stay active and fit

This is one of the key factors towards health and well-being. If parents will stay fit and healthy, only this way they can fully concentrate on the grooming of their kids and can stay well for long to spend a happy life with each other. Most couples usually stop exercising once they have kids but it is wrong. Your own energy and fitness comes above any other responsibility. If you have stopped exercising after having kids – resume it. Find alternate ways to adjust your schedule. Your workout doesn’t necessarily need to be inside the gym with heavy machines and fancy clothes.

You can pick up any sport that you enjoy with your partner and play. You can do small and feasible home exercises to keep moving. But don’t be idle. After all, health is wealth!

Know the little things

One of the basic factors upon which the health of the couple as well as the success of the marriage falls upon after having kids and family is – to keep it real and simple, as it was before marriage or becoming parents. Couples are advised to be appreciative and know the little things about each other. Does he have a meeting to attend? Is she going to have a party with her friend? Does he have to go and take the kid to the park? And many other little things that we tend to ignore and forget on daily basis.

Remembering the non significant and otherwise unimportant, minute details will keep the intimacy alive and encourage the partners to talk about their engagements and make your partner feel loved and cared for. These are the little ways that make your spouse feel special and hence so, it leads to the success and healthfulness that proves fruitful in the longer run.

Pre-plan everything

Pre – planning is very important once you become parents. Whether that is you planning about your own future goals or the betterment of your kids; you must have a clear picture of what you are going to do next. From managing own upcoming projects to looking into your kids’ needs, their health, expenditures and other basic demands – planning helps you stay organized and focused and hence saves you from the extra baggage that comes in the form of unwanted worries and tensions at certain phases of life.

Therefore, it is always stressed to plan before hand – plan your upcoming month, week or even the next vacation that you are going to have. Stay systemic will make sure you do not get into sudden issues and hence ensures yours and the happiness of your family for sustaining a healthy environment.  

Get health insurance

This might sound typical and stupid to so many but it is the most crucial aspect to work upon, especially after having kids. It has been proven over and over again that many couples lying to next each other wonder about the money plans and health policies 90% of the times and it should be trusted that the little disagreements can send your marriage to the south. Find individual and family health assurance policies for you and your people at affordable prices.

Having health insurance benefits you in so many ways and keep you tension-free in the bigger picture. You receive the best health care through this, your family’s and kids’ health is safe and secured and above everything else, it saves you from the crisis once any unfortunate health problem is faced. No one plans to get sick, hurt or injured. But everyone needs healthcare at one or the other point of life and having health insurance and medical insurance will promise the best quality care leading to a happy marriage.  Compare health insurance providers in Pakistan and see which plan is best for you and your family.

Related Read: 5 Questions to Ask Before Going for Health Insurance in Pakistan

Have a clear and stable financial strategy 

This might sound unrelated to health but basically, this is what that decides how healthy you are going to be in your life. Don’t get worried if you spend a lot and your partner saves pennies. Having one outlook over the financial issues is not necessary, however, resolving all the money related queries as early as possible and ending up on one unanimous decision saves a lot of disagreements in the future. A logical, clear and justified financial plan helps you handle the household more effectively, enables you to raise the kids in a better way and actually define the stability of your marriage, the quality of your own mental and physical well-being and the success of future goals.

Final Words

Marriage and family are a responsibility. It is a knot that ties us to the most valuable relations in our life. We must respect our parents and be kind to them so that in the future we can also groom our kids in the most amazing ways. Planning and mutual consideration define the success of any marriage and the stability of the family. These tips will help you stay intact to your family members and keep you running in the walk of life.

Khurram Zahid

The post Top 5 Health Care Tips for Couple with Kids appeared first on Smartchoice.pk.