Diabetes, a chronic ailment, has become one of the most common illnesses in recent years. Susceptibility to this illness could depend on a variety of factors such as age, weight, genetic makeup, family history and most crucially, lifestyle habits. Healthy habits and dietary changes, on the other hand, can be taken as preventative steps to prevent this lifelong disease to some extent. Since diabetes can become life-threatening and severe, it is critical to choose diabetes health insurance coverage from reputed companies such as Care Insurance to protect your finances and your health. In addition, it can be viewed as an investment, as unforeseeable events might strike at any time, putting you and your family in a dire financial situation. Let’s take a look at what diabetes is and why you should buy diabetes health insurance.
A Brief Understanding of Diabetes
Diabetes is characterized by inactive, low, or dangerously high blood sugar levels. Insulin, a hormone released by the pancreas, is responsible for converting the food we ingest into glucose. Our cells get glucose from the bloodstream, which provides them with energy. When a person has diabetes, this insulin production is impeded. Low or no insulin production can cause glucose to build up in the bloodstream, and not being able to use that insulin adequately can lead to a variety of health problems.
Diseases, as we all know, strike without warning. Regardless of your present health status, it is advisable to be prepared for an unplanned medical crisis by purchasing an individual or family health insurance plan that includes diabetes health insurance. Otherwise, if you are diagnosed with diabetes, you may have to pay a lot of money to clear medical bills. Apart from maintaining a healthy lifestyle and keeping a close eye on your nutrition, the right health insurance policy can give you peace of mind and reduce stress in the long run. In fact, according to studies, people with diabetes who had health insurance were in a better position to manage this condition and morbidity rates were lower. Therefore, it is critical to choose a comprehensive health insurance plan that includes diabetes coverage. Here are some reasons why.
Coverage for pre-existing conditions
If you are diagnosed with diabetes before purchasing a health insurance plan, it will be deemed a pre-existing condition with a two- to a four-year waiting period. You can only make claims against your diabetes pre-existing disease coverage after this time period has passed. On the other hand, if you develop diabetes symptoms within three months of the policy’s issue, it will not be deemed as a pre-existing condition, and you will be able to file claims, according to your policy’s terms and conditions.
Your medical expenses and bills will be reimbursed by your insurance provider directly with the network hospital if you have diabetes health insurance coverage. Hence, you may not have to pay anything out of your savings and may be able to save on large expenses. Further, in case of prolonged hospitalization, you will not have to liquidate your other investments to pay off bills.
Pre-Hospitalization and Post-Hospitalization Coverage
If you choose diabetes health insurance, it will cover all costs, from diagnostic tests and hospitalization to post-hospitalization care and medications. In other words, you will not have to worry about growing medical bills during your treatment.
Day-Care Procedures Coverage
Your diabetes health insurance plan would also provide coverage for day-care procedures that only take a certain amount of time.
Purchasing diabetes health insurance is a step in the right direction if you want to remove the element of financial risk in the long run. Further, the benefit of buying a policy before you get diabetes is that you can file a claim within three months of purchasing the policy. However, some health insurance policies include age limits that may prevent you from continuing your coverage; therefore, be sure to check if your policy offers a lifelong renewability option.