Having a health insurance policy is a must amid rising cost of medical care, but before purchasing insurance, it is imperative to understand the restrictions that may apply and vary from policy to policy. These are:
Waiting period: When you buy a health insurance policy, your coverage doesn’t start immediately. This restriction protects insurers from misuse of such policies to cover pre-existing ailments and pre-anticipated immediate medical costs. However, even during this period, medical expenses due to accidents are covered....
