Purchasing health insurance is not as simple as choosing a plan and forgetting about it, as your medical needs are likely to change and evolve as life goes on.
Generally, you should take the time to review your health insurance at least once a year, as comparing health insurance can often help you secure a better deal in the long run.
However, it is also a good idea to update your health insurance plan in line with any major life changes and events, such as the following:
When you have children
If you are expecting a new addition to your family then it is essential that you take the time to review your family health insurance policy.
This is particularly important for first-time parents, who will need to ensure that their family is prepared for any and all medical emergencies that might arise.
When you move home
Moving home can be a stressful time, with lots of things to think about and organise; however, one thing that should be at the top of your list is updating your health insurance.
You will want to inform your health insurance provider that you have changed address so that they have an up-to-date record of your place of residence for correspondence and any emergency situations that might occur.
At the same time, you can use this as an opportunity to review your health insurance to make sure you have the right private health cover to suit your needs and lifestyle.
When your health condition changes
Any major and lasting changes in your health condition should serve as a good time to review your health insurance to check whether you might be better off with a different plan.
This is particularly important if you have a progressive condition, as you will want to ensure that your health insurance is suitable to your current situation.