What is Health Insurance?
Health Insurance is a type of insurance which covers some or all of the medical expenses of policyholders or enrollees. Depending on the plan chosen, the policyholder gets coverage for surgical expenses, dental expenses, hospital expenses, prescription expenses, emergency medical evacuation (Medvac), maternity expenses etc.
Why is Health Insurance Essential?
Changing lifestyles and diets are increasingly causing people to suffer from various kinds of diseases, leading to prolonged and costly treatments. A health insurance plan helps cushion your family finances from these huge and often unexpected medical expenses.
How does Wazima help Users?
Wazima is Africa’s leading online source of health insurance. We have partnered with local and international HMO or Health Insurance brands to conveniently provide you access to the best and most reliable providers. You can get access to hundreds of health plans underwritten by these insurance companies from our mobile and web-based app. You can compare your current plan with those offered by our partner HMOs, apply online & find the best health insurance for you or your family. Or contact us if you requite a bespoke health insurance plan.
Why Should HMOs Partner with Wazima?
Wazima gives you access to our online users seeking a convenient way to manage their health and associated costs. Partnership with us means that you effortlessly grow your enrolee or policyholder numbers as Wazima does the heavy lifting and increases your numbers. Complete our enquiry form and we will be in touch within 48 hours to discuss further.
Different Types of Health Insurance (HMO) Plans in Africa
Individual health insurance:
Individual health plans are basically made for individual policyholders. Premiums may be low in such plans although there are many factors, which contribute to the price of the policy; Age, location, pre-existing medical conditions etc are some parameters which influence the premium.
Family Health Insurance:
A family health insurance plan covers all the members of a family under the plan. Generally, parents & children are covered under the plan but also include a close member of the household. There are some insurers who provide coverage for more family members. Under this kind of plan, the sum insured is shared by all included in the family. Although family floaters plan have premiums higher than individual insurance plans, the price is relatively affordable when compared to the expenses involved in purchasing separate policies for each member.
Employee/Group Health Insurance (HMO):
These plans are offered by employers and are designed to include as well as exclude members when they join & leave the organization. They have low premiums because of the lower risks involved. These plans even allow leniency in covering pre-existing illnesses among other things.
Benefits of Health Insurance on Wazima
Some benefits of HMO or Health Insurance coverage by a health insurance policy include:
This means you can get medical treatments without paying the hospital from your own pocket or savings.
Pre and post hospitalization costs:
A lot of insurance policies provide coverage for pre and post hospitalization costs for a certain period of time before & after the policyholder is hospitalized.
If you are hospitalized, the plan usually covers the expenses incurred when using an ambulance for transportation from your residence to hospital and vice-versa.
Being hospitalized means you need to spend money on your room rental. With a health insurance policy, this cost will be covered to a great or full extent.
Buy Conveniently Online:
You don’t have to visit a branch of the Health Insurance Company or HMO in order to buy a plan. You can do it all from the comfort of your office or home via our online mobile and web based platform Wazima.
You can also renew your health insurance policy online. While renewing, you can change the coverage terms depending on what your needs are.
Mistakes to Avoid When Buying a Health Insurance Policy
People often make some mistakes while buying their health insurance. Try to avoid these mistakes and make the most of your health insurance policy.
Don’t miss the fine print:
Read the fine print carefully before opting for the insurance plan. Going through it will tell you about the coverage provided by your policy. The fine print will also let you know what the exclusions are, alerting you to what you can & cannot claim under the policy
Compare as many HMO or health insurance plans as you can by checking out different insurers. By doing this you will be able to identify which policy is best suited for you.
Don’t lie about your medical history:
Lying about your medical history while buying health insurance may lower your premium but could ultimately nullify your policy when discovered so it is important to be truthful about your past medical conditions. When you lie, there remains a chance of your claim getting rejected if the insurance company finds out the same.
It is important to consider this facility when looking for a policy. Find a provider who offers cashless facility, this ensures that you’ll get immediate treatment if an emergency situation arises and that the insurer will cover all the expenses.
Select premiums & Co-pay carefully:
When you buy a policy, the insurer may offer you an option to co-pay or pay an excess amount towards each claim. If you take up this option, although the overall premium is likely to be considerably less, you’ll need to contribute a specific pre-determined amount when making a claim while the remainder of the charges are paid by the insurer.