9 Common Mistakes To Avoid While Purchasing Medical Insurance

1
9 Common Mistakes To Avoid While Purchasing
Medical Insurance
2
Introduction

• Health insurance is a critical aspect of
  financial planning and well-being. In Dubai,
  where mandatory health insurance is the norm,
  choosing the right coverage from reputable health
  insurance companies is of paramount importance.
  In this Presentation, we will highlight nine
  common mistakes to steer clear of when purchasing
  health insurance, with a focus on Health
  Insurance companies in Dubai and the importance
  of Mandatory Health Insurance.

3
insurance
COMPANY

• 1. Neglecting Mandatory Coverage
• Avoiding the legal obligation for Mandatory
  Health Insurance is one of the main blunders that
  could be made when travelling to Dubai.
• All citizens must comply with the law's
  requirement that they have some form of health
  insurance.
• If you don't comply, you could face fines and
  other legal repercussions.

4

• 2. Rushing the Decision
• Choosing the right health insurance plan is a
  decision that warrants careful consideration.
• Rushing through this process may result in
  selecting coverage that doesn't align with your
  specific healthcare needs.
• 3. Ignoring Network Providers
• Ensure that the health insurance plan you select
  includes a network of healthcare providers and
  hospitals in Dubai.
• This will help you receive medical care without
  incurring out-of-network expenses.

5

• 4. Underestimating Premium Costs
• While it may be tempting to choose the plan with
  the lowest price, be careful of really cheap
  insurances.
• In case of a medical emergency, they might only
  provide you with a small amount of coverage,
  leaving you with high out-of-pocket costs.
• 5. Not Understanding Coverage Limits
• To understand the coverage limits, including the
  annual and lifetime maximums, carefully review
  the policy.
• When you reach these limits, ignoring them could
  result in unexpected expenses.

6

• 6. Skipping Pre-Existing Conditions Disclosure
• During the application procedure, it is possible
  for claims to be later declined if pre-existing
  medical issues are not disclosed.
• A smooth claims procedure requires complete
  transparency.
• 7. Overlooking Co-Payments
• Be aware of the co-payment specifications.
• For each medical treatment, medication, or doctor
  visit, some plans may demand that you pay a
  specific amount out of your own cash.

7

• 8. Neglecting Family Needs
• If you have a family, carefully assess their
  healthcare needs.
• Ensure that your chosen health insurance plan
  adequately covers all family members, including
  dependents.
• 9. Not Seeking Expert Advice
• Navigating the complexities of health insurance
  can be challenging.
• It's advisable to seek guidance from insurance
  experts or brokers, especially when selecting
  from Health Insurance companies in Dubai. They
  can provide valuable insights and help you make
  an informed decision.

8
Conclusion

• To ensure you choose the right policy, avoid
  these nine common mistakes. Take the time to
  understand your coverage, consult experts, and
  select a plan that aligns with your healthcare
  needs.

9

• THANKS!