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How to Maximise the Benefits of Super Top-up Insurance ?

 Health insurance has always been a necessity. However, it wasn’t until the prevalence of the COVID-19 pandemic that people realized the need for it and that a basic $7000 cover won’t suffice. At such a time, super top-up health insurance gained prominence. This type of insurance helps you stay on top of medical inflation and have confidence about covering future medical costs.

What is Super Top-Up Health Insurance?

A super top-up plan is an extension of your existing base health cover. The former is similar to a standard health insurance policy in covering hospitalization bills and medical bills. However, its coverage initiation begins after the policyholder exceeds the deductible limit of the policy. Ergo, you have to bear the hospitalization expenses up to the deductible limit for the super top-up plan to get activated and cover the amount exceeding the policy limit.

Super top-up health insurance typically has a low premium due to its deductible clause and is available as individual and family floater plans. Given the financial issues caused by COVID-19—pay cuts, job loss, and the like—a super top-up plan seems like a practical solution to have a safety net for the future.

The 5 Ways to Maximise the Benefits of Super Top-Up Health Insurance

Here are some ways to help you get the most out of your super top-up plan:

1) Buy it at the Right Time

Yes, there’s such a thing as the right time to purchase this type of insurance. Ideally, you want to get a super top-up plan the same month as your base health insurance policy—the exact date would work the best. Buying both types of health insurance plans in different months complicates claim payments.

2) Stick with the Same Insurer

Your base health insurance plan and super top-up one are separate policies—their application and claims processes also vary. While you can buy your super top-up policy from a different insurance provider, having the same insurer for both types of policies is better as it makes claim processing more seamless.

3) Select the Appropriate Deductible Limit

Since your super top-up insurance coverage depends on your deductible limit, you must choose this value after careful consideration. You don’t want to be in a position where your super top-up coverage goes to waste because of an unusually high deductible limit.

4) Check the Network of Hospitals

If you purchase your base health insurance cover and super top-up plan from two different insurance providers, the network of hospitals may vary. Check the list of network hospitals before buying the super top-up insurance policy to ensure you can avail of cashless hospitalization. Hospitals outside the network of the insurer typically don’t offer this benefit.

5) Cross-Check the Waiting Period

The waiting period associated with your base health insurance plan and super top-up one could differ. Check this difference before purchasing your super top-up insurance plan to avoid stress in the future.