Health

The Ultimate Guide to Family Floater Health Insurance

Health insurance is generally available for individuals and families. Policyholders who do not have anyone to depend on them financially can seek individual insurance without any worries. But those who have a large family and members who depend upon the policyholder’s income, require thinking of it long term. What if all the family members fall ill together? How will you pay for the expenses if one of your family member’s is diagnosed with a severe illness? That is what family floater health insurance plans are for.

Family floater health insurance plans are helpful to safeguard the health of each family member under a single premium. So, when you doubt your financial capability, your family can still be in the pink of their health with the plan at hand.

Let us know more about this type of insurance plan.

What Is Family Floater Health Insurance?

Are you worried about how you will pay for the exponentially extensive hospitalization or illness fees if your wife falls sick? Is it possible to take care of everyone alone if they fall ill together? Well, that is a concern for many parents out there. But with a family floater health insurance, it can take a backseat.

A family floater health insurance plan is where all family members are covered under a single premium. So, if you have two or more members in your family, this policy can come to your rescue right away.

The sum assured will be divided into equal parts for each family member in cases of multiple claims. To keep the insurance alive, the policyholder must pay a premium annually or monthly to the insurance company. Generally, these plans are more cost-effective than others.

How Does the Family Floater Health Insurance Function?

Let us take two different examples for your convenience. In the first scenario, we have Rohit, who has obtained a family floater plan that covers his parents and kids. Their sum insured is Rs.20Lakhs. In the second scenario, Mamta has received a family floater plan that covers her husband and mother. Let us see how this best health insurance for families can come to their rescue during an emergency.

Scenario 1

Rohit is admitted to a hospital as he has tuberculosis. His medical bill is around 5 Lakh. At the same time, his wife gets dengue and requires hospitalization as well. Her hospital expenses are around Rs.2Lakhs. At such a point, Rohit’s family floater insurance policy will cover these illnesses and help them recover on time. So, both Rohit and his wife can indulge in cashless treatment and recover without any financial strain. The family is at ease as well.

Scenario 2
Mamta’s family suffers from food poisoning due to some poor-quality food they ate together at a restaurant. Their total hospitalization bill amounts to Rs.6 Lakh. Thankfully, her family floater plan came in handy and helped them recover quickly by covering for them. So, the remaining 20 lakhs from the sum insured remains for them to use later during such emergencies.

What Are the Benefits of A Family Floater Health Insurance Plan?

Cost-effective

Since family floater plans involve all family member’s cover in a single premium, it is a highly affordable plan to scout for. Families with too many members can easily opt for it.

Higher sum insured

In a family floater option, the sum insured is generally higher to cover the family without any issues in case of urgency. Thus, if two family members are simultaneously hospitalized, there will not be any financial crunch on their end.

Improved Tax Benefits

The family floater plan also offers tax benefits under Section 80D of the Income Tax Act. So, anyone who avails a senior citizen plan, or a family floater plan can receive a deduction of Rs.75,000 on their annual income.

Easy to Operate

With a family floater health insurance plan at hand, you do not have to worry about managing a host of policies under a single roof. So, your hassles are minimal, and you can be stress-free without any inconvenience.

What All Do They Cover?

Family Health Insurance Policy covers differ from family to family. So, these plans provide a comprehensive cover to people against their medical expenses. So, if there is a medical urgency, one can entirely focus on the wellbeing of their loved ones instead of worrying about the financial requirements and how they will cope with them.

Surgery

Whether there are major or minor health insurance policies, all are covered by a family floater health insurance policy. But you must keep in mind to examine the list of surgeries covered by each insurance provider since it differs from one plan to another.

Daycare Procedure

Any medical procedure that requires anything less than 24 hours falls under the category of daycare procedure. Chemotherapy, cataract, and other treatments may be a part of this. Most plans that are incredible provide around 160 and more types of daycare procedure.

Health check-up and Vaccination expenses

Sometimes, it can become extremely costly when the entire family requires a health check-up. Since managing finances during such times becomes difficult, family floater insurances can come into play. They help manage both health check-up and vaccination expenses as well, relieving us of the financial burden.

How Can You Buy a Family Floater Health Insurance Plan?

It is no hard day’s task to buy a family floater plan. You can do it both online and offline as per your choice of an insurance company. If you go offline, you must visit the branch and speak to an insurance provider. They will guide you further with whatever you want to do.

So, you will leave with a family floater guide that helps you fulfill all your requirements without any compromise. You must also select a suitable premium for yourself with enormous benefits. Make sure you fill-up the details of each member carefully. There should not be any mistake. Do not provide any incorrect information as that could lead to inconvenience later. Also, do not shy away from tailoring the plan to your comfort. Include the add-ons you wish to have and see what changes you need.

Health

Report Causes Pfizer Stock to Climb Approximately $1 Billion Acquired by Starboard

(VOR News) – According to a rumor that activist investor Pfizer Starboard Value has taken a holding in the struggling pharmaceutical business that is expected to be worth around one billion dollars, the stock of Pfizer (PFE) is on the increase in premarket trading on Monday.

This comes after the report was made public. The report was made available to the general public following this. Starboard Value was successful in moving forward with the acquisition of the position.

Starboard is said to have approached Ian Read, a former chief executive officer of Pfizer, and Frank D’Amelio, a former chief financial officer, in order to seek assistance with its goals of boosting the performance of the company, according to the Wall Street Journal. Read and D’Amelio are both former Pfizer executives.

The purpose of this is to facilitate the accomplishment of its objectives, which include enhancing the overall performance of the firm.

In their previous jobs, D’Amelio and Read were chief financial officers.

It is stated in the report that the hedge fund is of the opinion that Pfizer, which is currently being managed by Albert Bourla, who succeeded Read as Chief Executive Officer (CEO) in 2019, does not demonstrate the same level of mergers and acquisitions (M&A) discipline that Read did. Bourla took over for Read in 2019. Read was succeeded by Bourla in the year 2019.

Pfizer, a multinational pharmaceutical conglomerate, has made substantial investments in the acquisition of more companies that are involved in the research and development of cancer medicines.

These businesses have been acquired for billions of dollars. The biotechnology company Seagen, which was acquired by Pfizer in the previous year for a price of $43 billion, is included in this category. One of the businesses that can be classified as belonging to this category is Seagen.

In spite of the fact that the S&P 500 Index experienced a 21% increase in 2024.

No major trading occurred in Pfizer stock that year.

Due to the fact that the demand for Pfizer’s COVID-19 vaccines fell after the firm reached its pandemic peak in 2021, the share price of the corporation has decreased by over fifty percent since that time.

This drop has occurred ever since the company’s shares reached their maximum peak, which was during the time that this decline occurred. Not only have they not changed at all, but they have also remained essentially stable. This is in contrast to the S&P 500, which has gained 21% since the beginning of this year.

Recently, the corporation was forced to take a hit when it decided to recall all of the sickle cell illness medications that it had distributed all over the world.

Fears that the prescription could lead patients to experience severe agony and possibly even death were the impetus for the decision to recall the product. In spite of the fact that Pfizer’s stock is increasing by almost three percent as a result of the news that followed the company’s decision, this is the circumstance that has come about.

SOURCE: IPN

Health

New Study Reveals Drinking Soda Pop Increases the Risk of Stroke

If you drink too much soda, fruit juice and coffee, beware!

A recent report from global research indicates that excessive consumption of coffee or soda pop is associated with an increased risk of stroke, although the intake of black and green tea is correlated with a reduced risk. Excessive consumption of soda pop or coffee warrants caution!

Recent research indicates that it may substantially elevate the risk of stroke.

Consuming four cups of coffee daily elevates the risk of stroke, according to studies, although ingesting 3-4 cups of black or green tea daily typically offers protection against stroke. Additionally, consume more coffee; it may reduce your risk of mortality.

Recent findings from global research studies co-led by the University of Galway and McMaster University, alongside an international consortium of stroke researchers, indicate that soda, encompassing both sugar-sweetened and artificially sweetened variants such as diet or zero sugar, is associated with a 22 percent heightened risk of stroke. The risk escalated significantly with the consumption of two or more of these beverages daily.

Stroke Risk Fizzy Drinks and Soda Pop

The correlation between fizzy drinks consumption and stroke risk was most pronounced in Europe, the Middle East, Africa, and South America. Women exhibit the most elevated risk of stroke from bleeding (intracranial hemorrhage) associated with fruit juice beverages. Consuming over 7 cups of water daily diminishes the likelihood of stroke due to a clot.

Researchers observed that numerous items advertised as fruit juice are derived from concentrates and have added sugars and preservatives, potentially negating the advantages often associated with fresh fruit and instead elevating stroke risk.

Fruit juice beverages were associated with a 37 percent heightened risk of stroke resulting from bleeding (intracranial hemorrhage). Consuming two of these beverages daily increases the risk thrice.

Consuming over four cups of coffee daily elevates the risk of stroke by 37 percent, although lower consumption levels do not correlate with stroke risk. Conversely, tea consumption was associated with an 18-20 percent reduction in stroke risk. Additionally, consuming 3-4 cups daily of black tea, such as Breakfast and Earl Grey varieties, excluding green and herbal teas, was associated with a 29 percent reduced risk of stroke.

Consuming 3-4 cups of green tea daily was associated with a 27 percent reduction in stroke risk. Notably, the addition of milk may diminish or inhibit the advantageous effects of antioxidants present in tea. The lower risk of stroke associated with tea consumption was negated for individuals who added milk.

Disclaimer: This article is intended solely for informational reasons and should not be considered a replacement for professional medical counsel. Consistently consult your physician regarding any inquiries pertaining to a medical problem.

Starbucks Faces Sales Decline Amid Price Fatigue and Rising Competition

Starbucks Faces Sales Decline Amid Price Fatigue and Rising Competition

Health

Following a Diagnosis of Breast Cancer, What Else Should You Know?

(VOR News) – Even though breast cancer affects one in eight American women, receiving a diagnosis can make a woman feel isolated.

Experts in breast cancer from the American College of Physicians (ACS) advise patients on how to manage their disease so that they may better cope with this awful information.

First, the kind and stage of breast cancer dictates the course of your care.

In addition to immunotherapy and chemotherapy, there are various surgical options available for the treatment of breast cancer.

Women of African descent are disproportionately affected by triple-negative breast cancer, an extremely aggressive form of the disease that has never proven easy to treat.

According to the American Cancer Society, pembrolizumab (Keytruda), an immunotherapy, has been shown to be helpful when combined with chemotherapy and is currently the recommended course of treatment for certain combinations of triple-negative breast cancer.

In her presentation, Dr. Katharine Yao said, “It’s really important that the patient and physician discuss the patient’s preferences and values when deciding what type of treatment to pursue and that they have an honest, individualized discussion with their care team.”

She is currently responsible for developing breast cancer treatment recommendations for more than 575 hospitals and institutions nationwide in her role as chair of the American College of Surgeons’ National Accreditation Program for Breast Institutions (NAPBC).

Yao, vice chair of research at Endeavor Health NorthShore Hospitals in New York, pointed out that each decision made about a patient’s treatment plan should take her preferences and diagnosis into consideration.

She ought to think about whether she would prefer a mastectomy—a surgical procedure that involves removing the entire breast with or without reconstruction—or a lumpectomy, which involves a surgical procedure that spares part of the breast tissue.

She stated that “the breast cancer you have may be very different from the breast cancer you hear about in your neighbor, colleague, or friend” in a press release issued by the American Cancer Society (ACS).

“Consider that while discussing breast cancer with others.”

Throughout your journey, it is critical that you look after your emotional health because having breast cancer may have a detrimental impact on your mental health.

“Getting a cancer diagnosis does not mean that everything in your life stops to be normal.” Director of the Fellowship in the Diseases of the Breast program at the Winthrop P. Rockefeller Cancer Institute at the University of Arkansas and state head of the American Cancer Society Commission on Cancer for Arkansas, Dr. Daniela Ochoa She thinks adding the burden of a cancer diagnosis and treatment to all the other pressures in life may be taxing.

“Managing stress and emotional health is vital component of a treatment plan.”

Ochoa recommends clinically trained psychologists and social workers who have assisted people in coping with cancer to anyone receiving treatment. Learning coping techniques might also be facilitated by joining cancer support groups or cancer wellness initiatives.

Breast cancer specialists say your care team is crucial.

The American Cancer Society (ACS) defines comprehensive care as having support at every stage of the procedure from surgeons, oncologists, patient navigators, nurses, social workers, psychologists, and other specialists.

After receiving a breast cancer diagnosis, women should see a surgeon or medical oncologist to explore their options; nevertheless, treatment shouldn’t be discontinued after just one appointment or after surgery is over.

Additionally, you can ask trustworthy friends or family members to accompany you to appointments and aid you with research or notes. They could serve as a network of support for you.

Yao stated in his talk that “one of the most important things is that patients should search out a team they have confidence in, that they trust will have their back when they need it, and a team they feel they can get access to and that will help them when they are in need.”

SOURCE: MP