5 questions to ask when buying health insurance

HealthLumi

Everyone should have health insurance, but unfortunately, not everyone does. Only about 30% of Nigeria's population has health insurance. Many people simply cannot afford it, which contributes to the low number. Even if your budget is limited, there are a few questions you should always ask before deciding whether or not to purchase health insurance.



1. What kinds of coverage does the policy offer?

When researching health insurance policies, it is critical to consider the types of coverage they provide. Some policies only cover hospitalization, whereas others cover outpatient care, prescriptions, and maternity care. Choose a policy that includes the coverage you require.



2. What is the policy's cost?

Obviously, the cost will be a major consideration in your decision-making process. You should look for a policy that you can actually afford to pay for. To do so, examine your budget and determine how much money you can realistically set aside each month for your health insurance premium.



3. How much will you have to pay out-of-pocket?

In addition to your monthly premium, you should think about how much money you will have to pay out of pocket if you use your health insurance policy. Most policies have a deductible that you must meet before the insurance company will begin to pay for things. You should also find out if you will be responsible for any copays or coinsurance.



4. Are there any waiting periods?

Another important thing to keep in mind is that some health insurance policies come with waiting periods. This means that there may be a certain amount of time after you purchase the policy during which certain services will not be covered. For example, if you are planning on starting a family soon, you will want to make sure that your new health insurance policy doesn't have a waiting period for maternity coverage.



5. What is the quality of the network?

When you have health insurance, one of the most important things is having access to good quality healthcare providers. Before purchasing a policy, find out which hospitals and doctors are in the network so that you can be sure that you will be getting the care that you need and deserve.



Now that you know a little bit more about the process of purchasing health insurance in Nigeria, it's time to move on. Sign up for roHealth today and let us help you find the right policy for you. We offer a wide range of plans, so you can be confident that you'll find one that meets both your needs and your budget. Purchasing health insurance has never been easier with our assistance.