Every day, billions of naira are pumped into the healthcare sector, one of the world’s most important sectors. The emergence of the insurance industry gradually over the years has created a merger from which everyone can benefit. People are unaware of the many health insurance companies in Nigeria because we operate the “pay out of pocket system.”
The out-of-pocket payment, although it may have helped in a way, has not been the best option, and because of this, the government has, over time, allowed the operation of private insurance companies. Some federal and state hospitals have also implemented this insurance policy for families and individuals.
We can access cheaper and quicker health care delivery by taking up health insurance, ensuring essential health treatments are covered whenever we fall ill. This article lists some of the best insurance companies and what to consider before choosing an insurance plan.
Top Health Insurance Companies
Here is a list of some of the registered top and notable health insurance companies in Nigeria:
- Axa Mansard Health Insurance
- Hygeia HMO
- Royal Exchange Healthcare Limited
- HealthPoint HMO Plans
- Hallmark HMO
- Redcare Health Services Limited (HMO)
- Green Bay HMO
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Hygeia HMO
Hygeia HMOs have existed since 1986, although they were only able to collect the license officially from the National Health Insurance Scheme in 2005. You could classify it as one of the oldest and most prominent HMOs in Nigeria, with over thirty years of experience. They are reliable and offer one of the best health insurance in Nigeria.
Their plans are as follows:
- Individual plans: N55,590 – N448,902
- Family plans: N230,112 – N667,590
- Maternity plans: N280,000 – N2,100,000
- SME group plans: N50,796 – N280,296
All the plans listed above are yearly plans you could sign up for. They also offer a range of services with comprehensive health plans, which include surgeries, medications, and outpatient and inpatient care, amongst many others.
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Hallmark HMO
Hallmark HMO is your go-to company if you are out for an insurance company in Nigeria that makes provisions for an extended-lasting health care plan for everyone. Little wonder it is one of Nigerians’ top choices for the best HMOs.
With affordable services and plans, including corporate and retail plans, you have various plans to choose from. Their office is located at 264 Ikorodu Road, Obanikoro, Lagos. Using Google Maps makes the company easy to find. You can also visit their website for more information.
Read also: 11 Amazing Health Benefits of African Black Soap.
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Reliance HMO
Reliance is one of the cheapest HMOs in Nigeria, with health plans slated to serve across the family and corporate world. Like Hygeia, their services are easily accessible through their HMO mobile app. It is an HMO in Lagos, located at 32 Lanre Awolokun St, Gbagada.
Their basic plan for individual clients is as low as three thousand five hundred naira (N3500) monthly and forty-two thousand five hundred naira (N42,500) yearly.
Their high technology-driven services give their clients easy access to preventive healthcare services like general wellness and cancer screening, consultations, and reproductive health. Their office address is at 32 Lanre Awolokun Street, Gbagada, Lagos, Nigeria.
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Redcare Health Services Limited (HMO)
Redcare Health Services Limited focuses on providing value through healthcare solutions to meet customers’ needs. Also, they provide health service insurance to businesses for their employees and can givegive you and your family access to treatments and services when needed.
You can head to their office at 41 Gbolade Adebanjo Street, Ilupeju, Lagos. They offer corporate, private, and other plans. Other offices are located in Port Harcourt and Abuja. If you reside in Port Harcourt, you can find them at Aba Expressway, Niger Insurance Building, Rumuomasi, Port Harcourt, Nigeria.
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Leadway health
Leadway Health has a vast network of healthcare providers and offers services, which include out and inpatient services, surgical services, antenatal, dental, Ear, Nose & Throat, and optical services. Coupled with other benefits like immunization and fertility services
You can access different plans explicitly designed to cater to various needs, with prices ranging from ₦69,998.50 to ₦350,000. The plans are individual, family, and corporate-specific and are available, affordable
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Greenbay
One of the distinguishable features that has given Greenbay HMO an edge over its counterparts is that it focuses its services across personal, group, and corporate health insurance plans.
Beyond these services, they have an online platform that is easily accessible and allows you to access your health insurance details at any time of your choosing. Their main office is at Odunuga street, Opebi, Ikeja, Lagos.
Read also: Top 10 Tech Companies in Nigeria.
Axa Mansard is one of the well-known insurance companies in Nigeria that offers a wide range of services from making basic consultations to laboratory tests and giving medications and vaccines.
They are affordable and provide competitive prices that offer good value for healthcare coverage and health emergencies.
Read also: Health Benefits of Drinking Water: A Guide to Intentional Living.
How to Choose a Health Insurance Plan
People consider different factors when choosing a health insurance plan. It is important to consider these major factors carefully instead of jumping headlong into them;
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Consider the situation
When choosing an health insurance or Health Maintenance Organisation plan, individuals, families, and organizations are to choose based on the situation or stage of life they are currently navigating.
For instance, I’d rather choose an individual plan that covers one person’s medical bills if I’m single and transcend or upgrade to a family plan the moment I get married.
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Consider a plan based on coverage, not pricing
Various HMOs cover medical services such as hospital stays, surgery costs, maternity care, etc. Your premium i.e the amount of money you pay for insurance, determines how much you would enjoy all these services. It’s advisable that you purchase a plan that covers all your basic needs.
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Compare your hospital network
To enjoy the benefits of an HMO, you have to be treated at a hospital in agreement with your health insurance provider. Examine the list of hospitals your HMO partners with to see if your local hospital is a partner. This makes accessing health services faster.
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Use an insurance plan with emergency cover
What’s the use of a health insurance plan without emergency cover? Every good health insurance plan in Nigeria and anywhere else should have one. It makes it convenient for you to access emergency services in case you need one and helps to offset bills arising from transportation through an ambulance company.
Conclusion
In conclusion, having a health insurance package for your family has become essential now than ever. With health insurance coverage, you can protect yourself, your family, and your employees against medical emergencies you are not prepared for.
With this, you can save on costs and access adequate and immediate health care. This is the time to take intentional steps for your health and your loved ones. Remember, your health is your wealth!
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