Health Insurance cover as provided by the insurer may not be sufficient to cover the needs of hospitalization. This is because every company is trying to reduce its expenses in the current scenario. And the cost of insurance for employees is one of such fees. This budget-cutting will result in you having limits in terms of co-pay options, type of rooms covered, several family members covered, etc. You may end up paying an additional premium for your parents, who may not even be covered if they have a pre-existing condition. Also, if you plan to leave the organization, you may lose your cover too. This is especially true for people taking a retirement. All these and many more make it perfect sense to buy an additional Health Insurance plan for you and your family.
10 February 2020