I want to buy health insurance. Can you elaborate subscription-based healthcare plans?

Q. I am a 25-year-old woman working in a tech startup. I am in search of a health cover best suited to my needs. My friend recently told me about a subscription-based health cover. What is it, and how is it different from regular health insurance?

While regular health insurance usually comes handy during the treatment of an illness, a subscription-based health cover will primarily focus on preventive healthcare. For subscription-based healthcare plans an individual will pay a monthly or an annual fee to gain access to a range of healthcare services.

These plans offer several advantages over traditional health insurance plans when it comes to services and benefits such as:

Managed-care approach – Subscription-based healthcare plans often provide coverage for a range of preventive and wellness services, such as routine check-ups, screenings, and vaccinations, ensuring a managed healthcare journey. These services can help individuals maintain good health and catch potential health issues early, which can lead to lower healthcare costs and better health outcomes.

Outpatient care – Subscription-based plans typically cover outpatient care, which includes visits to primary care doctors, specialists, and diagnostic tests. This can be especially valuable for individuals who do not have comprehensive health insurance coverage, as they can access these services without having to pay out-of-pocket costs.

Services available from day 1 – A standard health cover usually has a waiting period of up to 4 years before you can use it for certain procedures. On the contrary, subscription-based plans cover you from day one of the investment.

Comfort and accessibility – Benefits such as telemedicine services, which allow individuals to consult with healthcare providers remotely via phone or video call can be a convenient option for individuals who have difficulty accessing healthcare services due to distance, transportation, time constraints, etc.


85% of the respondents would consider cutting down on some luxury items so that they could spend more on health insurance

First Published: May 19, 2023, 02:14 PM IST

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