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As a family, we need health insurance coverage for myself, D, and D’s parents. Through my job, I have health insurance coverage for both D and myself. Through her job, D has health insurance coverage for herself and her parents — I could have added my name too, but didn’t see the need to.
In addition, I recently bought individual health insurance covers for both D and myself (Star Health’s Medi-Classic policy). I’m also planning on buying individual health insurance covers for D’s parents (looking at the market trend, a job might not always guarantee health insurance benefits for parents).
Ideally, we should have gone for a family-floater cover, but none of the policies I researched were worth buying (really low cover, too many exclusions, and too many terms and conditions) and hence this approach.
How have you gone about procuring health insurance for your family? I’d like to know.
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.