A top-up health insurance plan provides additional medical coverage expenses that are above a set deductible. A deductible is that portion of the claim that is not covered by the insurer and has to be paid by the policyholder before the benefits of the top-up policy kick in. You are free to choose a deductible of your choice while buying a top-up plan. It is just that, the top-up policy will not reimburse up to the set deductible. You may or may not necessarily have a basic insurance plan. You can use your basic policy to meet the deductible target or pay it from your pocket.
This article was originally published on June 15, 2022.