I am 50 years married and reside with spouse and kids in Tumkur. I work in a private Company and am covered under a corporate health plan. I also have a family floater health insurance plan taken to cover my family. I want to buy a top-up health insurance plan to increase health cover for my family. I want to know if I should buy the top-up for the corporate health plan or my family floater health insurance plan. Please advise.
A corporate health planis taken up by the management of the Company to cover employees of an organization and is customized depending on the benefits the management wants to give its employees. The cover given by your employer might not meet your family's health needs.It is always advisable to have your own family floater health insurance plan. You have your own family floater plan which is a very good thing. Pick a family floater plan which has assured life time renewability, one that suits your needs, fits your budget and reduces out of pocket expenses as medical inflation rises.It is better to top-up your family floater plan rather than the corporate health plan. A base health policy along with a top-up plan is an ideal combination. A top up plan covers hospitalization costs but only after a threshold limit, known as deductible, is crossed. This means you can use your base health insurance policy to make a claim up till the deductible amount for routine hospitalization and any payments over that like critical illnesses can be covered through a top-up plan.