According to the World Health Organization, over 930 million people spend at least 10% of their household income on health care.
As the World move closer to achieving the Universal Health Coverage, it is important to understand that quality health insurance is very crucial, so in this article we are going to look at how to get quality health insurance in Nigeria
Table of Contents
What is Quality Health Insurance?
Health Insurance is a policy that enables you to provide financial protection for your health/health care need. In a practical term, you enter a contract with an Insurance firm and you are expected to pay a monthly or yearly premium for your health insurance over. The quality of your health insurance depends on the insurance company and your insurance package.
What is a Premium?
A premium is the money you or a business pays to an insurance company for insurance coverage. Most insurance companies allows clients to pay Monthly, quarterly or yearly. The higher your package, the higher your insurance cover.
How to get Quality Health Insurance in Nigeria
Conducting research is very important if you want to get quality health insurance in Nigeria. Things you should be looking for during the research include:
- List of available insurance companies that offer health insurance
- Their respective premium
- Their Health coverage plan
- Terms and condition
It is when you compare all this information that you can now decide which one is good for your or your business.
You can conduct this research in two ways:
- Research online: You can do this by searching for ‘health insurance’ and reading up on your options, which will give you an idea of what kind of programs are available to you that you need.
- Research in person/Talk to professionals: You can speak with friends and family members who have experience with health insurance companies to get their opinions on which companies are the best ones for your needs (and what their policies are like) and also talk to professionals
You are going to have to be very specific about the type of cover you want and whether it suits your needs and lifestyle. If there is a gap between these two sets of requirements, then it is best not to sign up for the plan at all.
Make sure that any policies offered by different companies are approved for someone with your needs in mind.
Shop around for the best deal
Don’t be afraid to ask for quotes from different insurance companies and walk away if you’re not happy with what they have to offer or if they make too many mistakes during the quote process (like forgetting something).
Don’t just focus on price, look at quality as well. Make sure that the providers are reliable, trustworthy and credible and would not pause your subscription after 3 months.
You need to compare prices and go for the one that suit your budget and your need.
Be aware of the limitations
The first step to getting quality health insurance in Nigeria is to be aware of the limitations of your policy. In most cases, life and disability coverage are not included in the standard plan. A lot of policies also have clauses that restrict you from seeking medical treatment outside the country or even within Nigeria if you’re not traveling abroad with a valid passport.
For instance, you should know what it means when someone says they offer “medical” or “dental” coverages – these are often limited offerings that do not include emergency care and hospital stays at out-of-state facilities.
There are many ways to get quality health insurance in Nigeria. The first step is to find the right company to work with because not just any company will do. You must make sure they offer what you need and at an affordable price. You also want to read their fine print so that you know exactly what coverage they offer and how much it costs per month before signing up for anything!