Health insurance is an essential aspect of financial planning, providing financial protection against unexpected medical expenses. In Nigeria, the National Health Insurance Scheme (NHIS) was established in 1999 to provide health insurance coverage to citizens. However, the scheme has undergone significant reforms over the years, and there are now various health maintenance organizations available in the country. In this article, we will guide you through the process of setting up health insurance in Nigeria.
Step 1: Choose a Health Maintenance Organization/ Provider
The first step in setting up health insurance in Nigeria is to choose a reputable insurance provider. There are several of such companies in Nigeria, including:
– National Health Insurance Scheme (NHIS)
– Hygeia HMO- Avon HMO
– AXA Mansard Health
– Total Health Trust
Research and compare the different providers to find the one that meets your needs and budget.
Step 2: Determine Your Coverage Needs
Once you have chosen an insurance provider, the next step is to determine your coverage needs. Consider the following factors:
– Age and health status
– Family size and composition
– Income level and budget
– Pre-existing medical conditions
– Desired level of coverage (e.g., outpatient, inpatient, surgical, etc.)
Step 3: Select a Health Insurance Plan
Based on your coverage needs, select an insurance plan that meets your requirements. Health insurance plans in Nigeria typically offer different levels of coverage, including:
– Basic plan: Covers basic medical expenses, such as outpatient consultations and prescriptions.
– Standard plan: Covers more comprehensive medical expenses, including inpatient care and surgical procedures.
– Premium plan: Offers the highest level of coverage, including coverage for pre-existing medical conditions and international medical care.
Step 4: Enroll in the Health Insurance Plan
Once you have selected an insurance plan, the next step is to enroll in the plan. You will typically need to provide personal and medical information, as well as pay the required premium.
Step 5: Pay Your Premium
To maintain your insurance coverage, you will need to pay your premium regularly. Premiums can be paid monthly, quarterly, or annually, depending on the provider.
Step 6: Access Medical Care
Once you have enrolled in an insurance plan and paid your premium, you can access medical care at any of the provider’s network hospitals or clinics. Be sure to carry your card with you at all times.
Conclusion
Setting up health insurance in Nigeria is a straightforward process that can provide financial protection against unexpected medical expenses as long as you know how to go about the process. By following the steps outlined in this article, you can choose a reputable insurance provider, determine your coverage needs, select an insurance plan, enroll in the plan, pay your premium, and access medical care when needed. Remember to carefully review the terms and conditions of your insurance plan to ensure that you understand what is covered and what is not.
